U.S. stocks ripped higher Wednesday following a shot of adrenaline from an encouraging update on U.S. inflation. Strong profit reports from Wells Fargo and other big U.S. banks also helped launch indexes to their best day in two months.

U.S. stock futures were rising on Wednesday thanks to stellar earnings from some of Wall Street’s biggest names. But monthly consumer price inflation data due later could dampen the mood. The Bureau o

U.S. stock index futures climbed on Wednesday, ahead of a key inflation reading that will likely shape expectations of future monetary policy actions. Investors also received quarterly results from the biggest U.