U.S. stock indexes are ticking higher on Wednesday following a better-than-expected update on inflation across the country.

The S&P 500 was up 0.2% in early trading and approaching its all-time high set last week. The Dow Jones Industrial Average was up 170 points, or 0.4%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was hovering around its own record set the day before.