Markets on Wall Street rose modestly in early trading Thursday as more corporate earnings are released ahead of another inflation update from the U.S. government. Futures for the S&P 500 were up just 0.

There have been few better stocks to own over the past three months than Palantir ( PLTR 1.42%). The stock more than doubled in that time, far outperforming both indexes and other market leaders. This performance can be traced to several events, notably Palantir's inclusion in the S&P 500 in September and its blowout Q3 earnings.

U.S. stocks are drifting near their records after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates.

Shares are mostly higher in Asia as China's leaders begin a major meeting expected to bring fresh pledges of help for the world's second-largest economy.

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Shares retreated in Asia on Thursday after a lackluster finish on Wall Street following a report showing an uptick last month in inflation in the U.S.

Asian stocks on Wednesday followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory.