U.S. stock benchmarks rose solidly higher Wednesday morning after a report on inflation showed modest rises that matched economist expectations, and bond yields slipped slightly. The U.S. February consumer price index showed inflation rising modestly, in line with expectations. Inflation rose 0.4% for the month, but with food and energy stripped out, the gain was 0.1%. Headline CPI picked up to 1.7% from 1.4% on an annual basis while the core 12-month increase dipped to 1.3% from 1.4%. The 10-year Treasury note yield rose slightly to 1.54%. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.06% was trading 240 points, or 0.8%, at 32,071, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.49% was trading 0.7% to a psychologically significant level above 3,900, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +2.32% was trading 1.2% higher at 13,245. In corporate news, General Electric Co. /zigman2/quotes/208495069/composite GE +2.24% were in focus after it agreed to combine its aircraft-leasing business with Ireland's AerCap Holdings NV as part a deal valued at more than $30 billion. Also Roblox Corp. /zigman2/quotes/223883423/composite RBLX +1.82% received a reference price of $45 a share from the New York Stock Exchange late Tuesday as the tween-centric game platform prepares to go public through a direct listing on Wednesday.