Futures tracking the S&P 500 and the Dow ticked higher on Tuesday ahead of data that is likely to show an uptick in inflation in a sign that the economic rebound is gathering steam. The benchmark 10-year Treasury yield inched closer to 1.7% before the Labor Department’s data that is expected to show U.S. consumer prices rose 0.5% in March from 0.4% in February. A steady retreat in bond yields since the start of this month on expectations that a spike in inflation this year would be transitory has revived demand for high-growth tech stocks and sent the S&P 500 and the Dow to record highs.
