Markets on Wall Street rose modestly in early trading Thursday as more corporate earnings are released ahead of another inflation update from the U.S. government. Futures for the S&P 500 were up just 0.

There have been few better stocks to own over the past three months than Palantir ( PLTR 1.42%). The stock more than doubled in that time, far outperforming both indexes and other market leaders. This performance can be traced to several events, notably Palantir's inclusion in the S&P 500 in September and its blowout Q3 earnings.

Wall Street's main indexes edged higher at the open on Thursday after a broadly in line reading of producer prices data, with investors awaiting Federal Reserve Chair Jerome Powell's comments later in the day for clues on the outlook for interest rates.

U.S. stocks are drifting near their records after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates.

The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S.

U.S. stocks drifted to a mixed finish Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month through a cut to interest rates. The S&P 500 was nearly unchanged and edged up by less than 0.

US inflation has fallen to 3.2 per cent in October in its first decline in four months. The figure measured by the Consumer Price Index is slightly below an expected 3.3 percent. It follows a 3.7 percent rise in the 12 months to September.