U.S. stocks are rallying Wednesday after Wall Street and financial markets worldwide got a shot of adrenaline from an encouraging update on U.S. inflation. Strong profit reports from the biggest U.S.

BMO Capital Markets forecasts the S&P 500 will reach 6,700, reflecting a gain of 13.2%. Chief investment strategist Brian Belski said he and his team "remain resolutely bullish," but expect "performance and fundamentals will more closely match the historical norms -- namely, in the high-single digit/low-double-digit percentage range in 2025."

Wall Street's most watched gauge of investor anxiety rose to a three-week high on Friday as stock indexes sold off following a an upbeat jobs report that pushed back market expectations for further Federal Reserve interest rate cuts.

Apple and Tesla generated solid returns for shareholders in the past year, but both stocks recently picked up sell ratings from certain Wall Street analysts. Apple is the market leader in smartphones as measured by revenue,

Wall Street's main indexes opened higher on Wednesday, as data showed core inflation rose less than expected in December and investors cheered a strong batch of quarterly results from the biggest U.S.

U.S. stocks are ticking higher Tuesday following an encouraging update on inflation. The S&P 500 was 0.5% higher in early trading. The Dow Jones Industrial Average was up 164 points, or 0.4%, as of 9:35 a.