New Delhi, July 15 -- US stock markets opened higher on Wednesday as investors welcomed cooler-than-expected producer inflation data and a wave of strong corporate earnings, easing concerns over the outlook for interest rates.

As of 10 a.m. Eastern Time, the S&P 500 rose 0.4%, the Dow Jones Industrial Average was up 0.4%, and the Nasdaq Composite was 0.6% higher.

At the opening bell, the Dow Jones Industrial Average rose 95.9 points, or 0.18%, to 52604.2. The S&P 500 gained 28.1 points, or 0.37%, to 7571.72​, while the Nasdaq Composite advanced 154.2 points, or 0.59%, to 26261.183.

Investor sentiment received a boost after the Producer Price Index (PPI) fell 0.3% month-on-month in June, marking its first monthly decline since Aug...