U.S. stock futures surged Tuesday morning after the November consumer-price index, a closely watched inflation gauge, came in cooler than economists had...
U.S. stock futures surged Tuesday morning after the November consumer-price index, a closely watched inflation gauge, came in cooler than economists had anticipated. S&P 500 futures ES00, +2.63% were up 111 points, or 2.8%, to 4,136 as stock futures added to their earlier gains in the wake of one of the most closely watched U.S. data series. Futures on the Nasdaq 100 NQ00, +3.64% advanced 453 points, or 3.8%, to 12,283.
Futures on the Dow Jones Industrial Average YM00, +2.07% gained 829 points, or 2.4%, to 35,098. The 12-month headline CPI came in at 7.1%, compared with 7.7% from the prior month, while the 12-month rate of core CPI came in at 6%, compared with 6.3% the month prior. The yield on the 10-year Treasury note fell 12.4 basis points to 3.494%. The consumer price index was expected to rise 7.3% during the 12 months through November, according to economists polled by The Wall Street Journal.
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