U.S. stocks rose following an encouraging report that showed inflation unexpectedly slowed across the country last month.

NEW YORK] Wall Street’s main indexes opened higher on Wednesday (May 14) after the week’s strong start, as soft inflation data and the US-China tariff truce boosted sentiment, while Donald Trump’s Gulf tour stoked expectations of additional trade agreements.

Economists believe the US will skirt a recession as lower tariffs than initially announced by the Trump administration are set to handicap consumer spending less than previously feared.

Wall Street's main indexes opened higher on Wednesday after the week's strong start, as soft inflation data and the U.S.-China tariff truce boosted sentiment, while Donald Trump's Gulf tour stoked expectations of additional trade agreements.

Most U.S. stocks rose May 13 following an encouraging report that showed inflation unexpectedly slowed across the country last month.

Boeing shares got a small boost on media reports that China had lifted a ban on airlines there taking deliveries of the U.S. aerospace giant’s planes. According to reports, China removed those obstacles as part of Monday’s trade truce with the U.S. Boeing shares rose close to 2% in premarket trading Tuesday.

The latest US consumer inflation report revealed easing prices in April as euphoria over the US-China trade truce faded.

President Donald Trump wants drugmakers to work with his federal health department to reach an agreement on a most favored nation price for their medicines.