Stock market news live updates: Stock futures climb ahead of inflation print

U.S. stock futures moved higher on Tuesday morning ahead of a highly anticipated inflation print.

Futures tied to the S&P 500 (^GSPC) advanced by at least 0.4% in premarket trading, while futures on the the Dow Jones Industrial Average (^DJI) climbed by 0.5%. The technology-heavy Nasdaq Composite (^IXIC) rose by 0.4%.

Stocks rallied Monday as investors expect a softer inflation reading and an easing of the Fed’s rate-hiking pace from the central bank’s last policy meeting of the year. The S&P 500 gained 1.43% to kick off the new week, with energy, utilities, and tech outperforming.

The yield on the 10-year U.S. Treasury note slipped to 3.59% from 3.617% on Monday. The counter-moves higher on real yields has been modest so far, but it is not connected with the 1% rally seen on Monday from the broad equity market, according to Bespoke Investment Group.

The U.S. consumer price index reading is due Tuesday ahead of the Fed meeting, where officials are expected to lift rates by 50 basis…

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This article was written by and originally published on finance.yahoo.com