Stocks opened higher Wednesday as Wall Street cheered an encouraging inflation report from overseas. Investor sentiment also got a lift from the latest round of corporate earnings reports, particularly those coming from the financial sector, which helped the Dow Jones Industrial Average extend its longest daily winning streak in almost four years.
Data from the U.K. overnight showed inflation rose 7.9% in June, below the 8.7% increase seen in May and less than economists were expecting. Core inflation, which excludes volatile food and energy prices, at 6.9%, also came in below estimates, as well as the previous month's 7.9% reading.
