US stocks rise tentatively after inflation reading

NEW YORK - Stocks are rising tentatively after Wells Fargo's decision to boost its dividend offset some of the market's concerns about a jump in inflation last month.

The San Francisco-based bank's move to raise its payout to investors is being seen as a bullish sign for the troubled banking sector. Still, the Labor Department's report that consumer prices shot up in June at the fastest pace in 26 years is reminding investors that rising prices still pose a threat to economic growth.

The Dow Jones industrial average is up 3 at the 10,965 level.