The Consumer Price Index rose 0.2% in July, accounting for a 2.7% rise year-over-year. Meanwhile, Core CPI, which excludes food and energy prices, was up 0.3% for the month. Stock futures traded higher after the CPI data came out.

U.S. stock index futures rose on Tuesday after largely in-line consumer prices data kept bets of a Federal Reserve interest rate cut in September in tact. A Labor Department report showed the Consumer Price Index (CPI) rose 0.

S&P 500 Futures inched 0.2% higher to 6,409.50 points, while Nasdaq 100 Futures jumped 0.8% to 23,835.75 points by 20:17 ET (00:17 GMT), signaling sharp gains in tech in the upcoming session.