US stocks inched higher Wednesday morning following news of progress on a trade deal with China and inflation data that remained largely in check despite President Trump’s tariffs. The Dow Jones Industrial Average ticked up 133 points,

U.S. stock futures are lower before May inflation data and details of a U.S.-China trade deal. After two days of talks in London, U.S. and China representatives said they reached a trade agreement and will now seek approval on the framework from the U.