Futures climb on Fed pause hopes; investors await Arm debut

Both the Nasdaq and the S&P 500 gained on Wednesday following data that showed the annual rise in core consumer prices, excluding volatile items like food and energy prices, was the smallest in nearly two years. Rising oil prices, however, could keep inflation at elevated levels, analysts said. Higher gasoline prices pushed the headline inflation figure to a 14-month high, while stickiness in services inflation kept alive the prospects of a November hike.