India, Aug. 12 -- The major U.S. Index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after moving mostly lower over the course of the previous session.
The futures climbed more firmly into positive territory following the release of a closely watched Labor Department report showing consumer prices crept up in line with economist estimates in the month of July.
The Labor Department said consumer prices inched up by 0.1 percent in July after falling by 0.4 percent in June. The uptick in consumer prices matched economist estimates.
The report also said core consumer prices, which exclude food and energy prices, rose by 0.2 percent in July after coming in unchanged in June. The in...