U.S. equity markets opened higher on Wednesday as retail sales and producer prices data showed no significant pick-up in inflation. Monthly retail sales fell for a third month in a row, while producer prices last month rose at a slower pace than in January.
The Dow Jones Industrial Average gained 120 points, or 0.5%, to 25,125. The S&P 500 index rose 9 points, or 0.4% to 2,774, while the Nasdaq Composite gained 28 points, or 0.4% to 7,539.
Among the best performers on the S&P 500, Ford Motor rallied after analysts at Morgan Stanley upgraded the stock to overweight from underweight. Signet Jewelers Ltd was the worst performer, dropping sharply after the company unveiled a restructuring plan to be carried out over the next three years.