U.S. stock futures pare gains, Treasury yields climb after inflation report

U.S. stock futures and Treasurys pared earlier gains following the release of a November inflation report that showed prices rose at a slightly faster clip than economists had expected. Futures on the S&P 500
ES00,
-0.19%
were up 0.1% at 4,685 minutes after the data were released, having pared an earlier gain of 0.3%. The yield on the 10-year Treasury note
TMUBMUSD10Y,
4.240%
was down 3basis points at 4.197% after the data, higher than where it stood just minutes before they were released at 8:30 a.m. Eastern Time. Bond yields move inversely to prices. U.S. consumer prices rose 0.1% in November, according to the CPI Index. Economists polled by The Wall Street Journal had expected them to be flat. Meanwhile, Core CPI, which excludes food and energy, was up 0.3%, in line with expectations.