Stock futures rose slightly Tuesday as Wall Street looks to see if the market rally can power through another round of inflation data. Futures tied to the Dow Jones Industrial Average ticked up 70 points, or 0.1%. S&P 500 futures oscillated near the flat line, and Nasdaq 100 futures inched higher by 0.2%. The November consumer price index report is slated for release at 8:30 a.m. ET. Economists polled by Dow Jones expect prices were flat month over month. Year over year, CPI is expected to have risen 3.1%. The report comes as investors try to end a strong year on a high note. The Dow, S&P 500 and Nasdaq Composite are all riding three-day winning streaks and have six consecutive weeks of gains. The S&P 500 also closed at its highest level since March 2022, while the 30-stock Dow settled at its highest point since January 2022. “The recent rally is based on hopes that a Goldilocks-type scenario lies ahead. Specifically, this would include softer economic growth (but no recession) and a substantial number of Fed rate cuts due to a continued sharp fall in inflation. Unfortunately, we believe much of the good news is discounted,” Sameer Samana, senior global market strategist at the Wells Fargo Investment Institute, said in a note to clients Monday. The report also precedes the Federal Reserve’s final monetary policy announcement of the year, which is due Wednesday. Shares of tech giant Oracle were down 7% in extended trading after the company’s revenue for the fiscal second quarter missed Wall Street expectations. U.S. Treasury yields declined Tuesday as investors awaited key inflation data, ahead of the Federal Reserve’s last meeting of the year. At 6:02 a.m. ET, the yield on the 10-year Treasury was over 5 our basis points lower to 4.189%. The 2-year Treasury yield was last down by around 4 basis points to 4.682%. Hong Kong stocks led gains in Asia-Pacific markets Tuesday ahead of the final U.S. Federal Reserve meeting of the year. Hong Kong’s Hang Seng index rebounded off a one-year low to close up 1.1%, while the mainland Chinese CSI 300 index finished up 0.2% at 3,426.8. In Australia, the S&P/ASX 200 rose 0.5%, closing at 7,235.3 and hitting its highest level since September 15. Japan’s Nikkei 225 closed 0.2% higher at 32,843.7, after advancing 1.6% in the previous session. The broader Topix, however, shed 0.2% to finished at about 2,353.2. South Korea’s Kospi climbed 0.4% to 2,535.3, while the smaller Kosdaq gained 0.5% to end at 839.5. Both the indexes notched three straight days of gains. Oil prices held steady on Tuesday ahead of key interest rate policy and inflation data announcements, and amid doubts that production cuts by OPEC+ next year would offset crude oversupply and weaker fuel demand growth. Brent crude futures for February were down 16 cents at $75.87 a barrel, while U.S. West Texas Intermediate crude futures for January delivery were down 9 cents at $71.22 a barrel. Both the contracts settled marginally higher on Monday, with Brent up 19 cents at $76.03 a barrel and WTI up 9 cents at $71.32. Gold prices recovered from a three-week low hit the previous session, as a weaker dollar provided support on Tuesday ahead of U.S. inflation data and major central bank policy meetings expected to yield clues on interest rates. Spot gold was up 0.4% at $1,988.69 per ounce. U.S. gold futures rose 0.5% to $2,004.10. The dollar edged 0.3% lower against its rivals, making gold less expensive for other currency holders.