India, June 11 -- Stocks are likely to move to the upside in early trading on Wednesday, adding to the gains posted in the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent.
The futures advanced following the release of a closely watched Labor Department report showing U.S. consumer prices increased by slightly less than expected in the month of May.
The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
Meanwhile, the report said the annual rate of consumer price growth accelerated to 2.4 percent in May from 2.3 percent in April...