Stock Futures Rise After CPI Gains in October

Stock futures are higher Tuesday after the Consumer Price Index rises in October, the first gain in three months.
By Valerie Young ,

Stock futures were higher Tuesday after the Consumer Price Index rose in October, the first gain in three months.

S&P 500 futures rose 0.42%, Dow Jones Industrial Average futures climbed 0.51%, and Nasdaq futures gained 0.46%.

CPI, after declining for two months because of lower energy and import costs, increased by 0.2% in October. 

Industrial production for October will be released at 9:15 a.m. EST on Tuesday and is expected to show a slight gain of 0.1% after two months of declines.

The NABH Housing Market Index for November is scheduled for release at 10 a.m.

Fed governors Jerome Powell and Daniel Tarullo will make appearances Tuesday as will former Fed Chairman Ben Bernanke, who will speak at the Brookings Institution in Washington on Wednesday afternoon.

West Texas Intermediate crude oil fell early Tuesday by 1.32% to $41.19 a barrel. 

Walmart (WMT) - Get Report shares surged more than 2% in premarket trading after the world's biggest retailer's third-quarter earnings of $1.03 a share beat forecasts. Revenue of $117.41 billion missed forecasts by a slight margin.

Home Depot (HD) - Get Report shares jumped almost 3% in premarket trading after the home-improvement retailer's third-quarter earnings and revenue topped Wall Street forecasts. Same-store sales in the period rose 7.3%. 

TJX (TJX) - Get Report  rose more than 5% after it posted quarterly earnings that beat forecasts. Same-store sales at the retailer increased 5%. 

Urban Outfitters (URBN) - Get Report   was plunging more than 12% in premarket trading. The company reported earnings of of 42 cents a share, meeting analysts expectations, but revenue of $825 million came in below estimates. 

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