Stock futures rebound, Treasury yields fall as inflation falls more than expected in November

US stock futures rose Tuesday morning after the November CPI, a closely watched indicator of inflation, came in cooler than economists had expected. S&P 500 futures
ES00,
+3.07%

up 111 points, or 2.8%, to 4,136 as stock futures added to their previous wins following one of the most closely watched US data series. Futures on the Nasdaq 100
NQ00,
+4.08%

rose 453 points, or 3.8%, to 12,283. Futures on the Dow Jones Industrial Average
YM00,
+2.38%

rose 829 points, or 2.4%, to 35,098. 12-month composite CPI was 7.1% compared to 7.7% in the previous month, while 12-month core CPI was 6% compared to 6.3% in the previous month. The yield on the 10-year Treasury note fell 12.4 basis points to 3.494%. According to economists polled by the Wall Street Journal, the consumer price index should rise 7.3% in the 12 months to November.