From Dow Jones & Company:

U.S. stock indexes continued to climb, with the S&P 500 rising 25 points (or 0.5%) to 4,782, the Dow Jones Industrial Average up 134 points (or 0.5%) to 37,659, and the Nasdaq Composite gaining 120 points (or 0.8%) to reach 14,978. Markets are focused on Thursday’s December consumer price index and Friday’s corporate earnings reports from big banks like JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Economists expect annual headline CPI inflation to inch up to 3.2% last month from 3.1% in November. The yield on the 10-year Treasury has fallen from 5% in October to 4.035% on Wednesday. The market’s bullish narrative banks on inflation continuing to fall toward the Fed’s 2% target, emphasizing the importance of December’s CPI figures. Companies in focus include Boeing, which edged up on Wednesday after its CEO acknowledged mistakes related to a recent incident with a 737 Max jet flown by Alaska Airlines. Crypto-related stocks were mixed a day after SEC Chair Gary Gensler denied that the agency had approved spot bitcoin ETFs.

Shares of Boeing Co. 
BA, +1.46%
edged up 0.8% on Wednesday. Chief executive David Calhoun
told employees on Tuesday that the jet maker needed to acknowledge its mistakes after a panel blew off a 737 Max 9 jet flown by Alaska Airlines days earlier, and to approach the matter with “complete transparency.”

Crypto-related stocks were mixed a day after Securities and Exchange Commission Chair
Gary Gensler denied that the agency had approved spot bitcoin ETFs. Shares of Coinbase Global Inc. 
COIN, -0.09%
were down 0.4%, while MicroStrategy Inc. 
MSTR, -0.02%
was up 0.8% after rebounding from earlier in the day. Prices of bitcoin
BTCUSD, +1.70%
dropped below $44,500 before rebounding to $46,347 on Wednesday.

Shares of Intuitive Surgical Inc.
ISRG, +9.95%
 rallied 9.5% and were on pace for a fourth day of gains in the past five sessions. The maker of robotic surgical equipment said it expects fourth-quarter sales that were above Wall Street’s expectations, helped by a recovery in China.



Read more: U.S. stocks higher in cautious trading ahead of inflation report, bank earnings