India, July 14 -- The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to regain ground after moving notably lower in the previous session.
The futures advanced following the release of a closely watched Labor Department report showing consumer prices in the U.S. decreased by much more than expected in the month of June.
The Labor Department said its consumer price index fell by 0.4 percent in June after climbing by 0.5 percent in May. Economists had expected consumer prices to edge down by 0.1 percent.
The report also said the annual rate of consumer price growth slowed to 3.5 percent in June from 4.2 percent in May, coming in below economist estimates for a 3.8 percent jump.
Meanwhile, th...