Stocks opens mixed, with investors cheered by signs of cooling inflation

Trading in U.S. stocks rebounded Wednesday after government report showed that U.S. inflation slowed more than expected in February.

The S&P 500 rose 39 points, or 0.7%, to 5,611 in early trading, a day after it briefly fell more than 10% below its all-time high set last month. The Dow Jones Industrial Average was down 132 points, or 0.3%, and the Nasdaq composite was 1.3% higher. 

Inflation in February rose 2.8% from a year ago, slightly lower than economists had forecast, according to the latest Consumer Price Index data.