The U.S. markets opened with the Russell 2000 (+1.22%) leading the way, followed by the Nasdaq Composite (+0.87%), S&P 500 (+0.62%), and Dow (+0.51%) after the Consumer Price Index showed softer than expected numbers.

The Consumer Price Index rose 3% year-over-year and 0.3% month-over-month, with Core CPI also increasing by 3% YoY and 0.2% MoM.

Stock futures remained steady after the CPI release, with gold rising slightly and the 10Y Treasury staying mostly unchanged.

The report, the first major government-issued report since the recent shutdown, is not expected to impact the upcoming Federal Open Market Committee meeting’s interest rate decision.

Earnings reports from Thursday evening and Friday morning are driving stock movements, with Comfort Systems USA (+17%) and Deckers Outdoors (-12.2%) at the top and bottom, respectively.

Other notable movers include SLM Corp (+8.6%), Intel (+6.8%), SS&C Technologies (+3.86%), Ford (+3.8%), HCA Healthcare (+4.05%), and Procter & Gamble (+3.47%).

Alaska Air Group (-3.5%) is down due to an IT outage affecting flights, while Booz Allen (-7.68%), Newmont Gold (-6.87%), Mohawk Industries (-5.27%), and Alcoa (-3.76%) are also struggling post-earnings.

U.S. equity futures are higher despite Trump’s trade and Venezuela comments, with a focus on the upcoming Consumer Price Index release.

Earnings from P&G, Banco Santander, and Sanofi are already out, with more reports expected throughout the day.

Alongside the CPI release, investors are watching for the S&P Global Composite and Manufacturing PMI Flash, Michigan Consumer Sentiment Final, Baker Hughes Oil Rig Count, Total Rigs, and New Home Sales reports.

Read more at Yahoo Finance: Stocks Rise After Delayed Consumer Price Index Arrives Softer Than Expected