Good morning. Premarket futures are up as a better than expected CPI report gets investors excited about buying stocks.

Along with that, we have reaction to some notable earnings reports from Freddie Mac (FRE), Deere (DE), Whole Foods Market (WFMI), and Electronic Arts Inc (ERTS). According to Bloomberg, earnings have dropped -18% on average for the 432 companies in the S&P 500 that reported first-quarter results so far.

Premarket gainers: CAAS, FSIN, ESLR, MASI, HMIN, XRIT, CRME, LLNW, M, FRE, SDTH, AMAT, SOLF, AKNS, FLML, CSUN, LIZ, CVLT, MPWR, DSX, DRYS, UFPT, SPLS, ADCT, SOHU, SEED, and RFMD.

Premarket losers: MELI, WFMI, APP, MBRK, ASEI, ERTS, TTIL, WFMI, DE, SOL, and ANAD.

As expected, we're going some bullish vibes following the release of the "better than expected" CPI. The 10:30 oil inventory report should also be a market mover, but look for the market to try test last week's highs around 1420 in the S&P with increased volatility overall as the day wears on. Along with more Fedspeak, keep in mind that Paul Volcker will speak to Congress today and there should be some headlines coming from that meeting.

Have a wonderful Wednesday!