European stocks higher after U.S. inflation data comes in as expected; Zara owner Inditex falls 6% Sam Meredith Holly

1 Hour Ago U.S. stocks open in the green Stocks inched higher on Wednesday morning. The S&P 500 rose 0.5%, and the Nasdaq Composite rose 0.8%. Meanwhile, the Dow Jones Industrial Average also rose 76 points, or 0.2%. — Sean Conlon 2 Hours Ago Europe’s Stoxx 600 moves higher after U.S. inflation data Europe’s benchmark Stoxx 600 index traded 0.3% higher shortly after highly anticipated U.S. inflation data came in as expected, extending gains from earlier in the session. November’s U.S. consumer price index, which tracks a basket of goods and services, showed a 0.3% rise from October and 2.7% increase from a year ago. Excluding volatile food and energy prices, core CPI increased 0.3% on the month and 3.3% on an annual basis.