Futures hold higher after CPI.

An investor walks past in front of an electronic board showing stock information at a brokerage house in Beijing

 

 

 

U.S. stock index futures pointed to a higher open on Tuesday, as investors digested inflation data and some key earnings, after a strong close on Monday boosted by a sharp jump in oil prices.

Dow futures held about 90 points higher after the consumer price index rose 0.2 percent in October, matching estimates. Earlier, Dow futures briefly added 100 points.

Treasury yields edged higher after the data release, with the 10-year yield near 2.30 percent and the 2-year around 0.87 percent.

The U.S. dollar continued to trade flat against major world currencies, with the euro at $1.066 and the yen at 123.30 yen against the greenback as of 8:33 a.m.

Oil could keep a tight grip on the stock market Tuesday, as traders scrutinize inflation data for an indication on when the U.S. Federal Reserve may hike interest rates.

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