CNBC Daily Open: A key inflation gauge in focus

News Snapshot:

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . Wall Street rallies U.S. stocks rallied Wednesday as the S&P 500 rose 0.86% to close at a record, while the Dow gained 1.22%. Both indexes snapped three-day losing streaks. The tech heavy Nasdaq Composite added 0.51% with the major averages set to end the first quarter on a strong note. Yellen on China dumping U.S. Treasury Secretary Janet Yellen warned...