India, Nov. 10 -- The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground following the substantial rally seen to start the week.
The futures came under pressure following the release of a closely watched Labor Department report showing consumer prices increased by more than expected in the month of October.
The Labor Department said its consumer price index rose by 0.4 percent in October after climbing by 0.6 percent in September. Economists had expected consumer prices to rise by 0.3 percent.
The report said core consumer prices, which exclude food and energy prices, climbed by 0.3 percent in October, matching the increases seen in the two previous months. Core prices were ...