U.S. stocks rose on Tuesday as investors digested another batch of corporate earnings and awaited key inflation data later this week.

The S&P 500 gained 0.84% to 4,521.54. It was a broad rally for stocks on Tuesday, with gainers in the S&P 500 outnumbering decliners by more than 2 to 1.

Wall Street has been on edge watching how the Federal Reserve will react to the intensifying price pressures, with many investors eyeing Thursday’s consumer price index data release as a key event for markets this week. The inflation data is expected to show that prices rose 0.4% in January, for a 7.2% gain from one year ago, which would be the highest in almost 40 years.

Treasury yields hit fresh pandemic-era highs Monday and rose again Tuesday. At its highest, the benchmark 10-year Treasury note yielded 1.97% on Tuesday, a level not seen since November 2019.

U.S. stock futures rose in early morning trading on Wednesday as investors prepare for another round of corporate earnings.

The technology-focused Nasdaq Composite rose 1.3%.

Investors are also preparing for Thursday’s Consumer Price Index report, which should give an update on the inflation picture. The Federal Reserve has already broadcasted a monetary policy pivot in order to address the historically high price increases.