Stock futures climb, Treasury yields drop after April inflation report

U.S. stock futures advanced on Wednesday while Treasury yields declined as a monthly inflation report showed the pace of inflation in the U.S. slowed last month by more than economists’ had expected. Futures for the S&P 500 ES00 increased by 15 points, or 0.4%, to 4,148. Futures for the Nasdaq 100 NQ00 gained 56 points, or 0.4%, to 13,319. Futures for the Dow Jones Industrial Average YM00 gained 60 points, or 0.2%, to 33,695. The yield on the 10-year Treasury note fell by 5 basis points to 3.465%. Bond yields move inversely to prices. Headline inflation sunk to 4.9% in April on a year-over-year basis, marking its lowest…