Wall Street’s biggest names have smashed earnings expectations, but markets? Barely a pulse. Big banks delivered some of their best numbers in years, inflation data came in right on target, and even Bitcoin got a lift.

U.S. stocks are rallying Wednesday after Wall Street and financial markets worldwide got a shot of adrenaline from an encouraging update on U.S. inflation. Strong profit reports from the biggest U.S.

Treasury yields also eased in the bond market following the update on how much more US households had to pay in December for eggs, gasoline, housing and other costs of living. The report said overall inflation accelerated to 2.9 per cent from 2.7 per cent in November.