Stock Futures Rise as S&P 500 and Nasdaq Soar, Boosting Retailing and Bank Stocks

U.S. stock futures ticked higher after the S&P 500 and Nasdaq had their best day since April. The House of Representatives passed a bill to avert a government shutdown, which will now go to the Senate for a vote. The gains came after October's consumer price index came in lower than expected, fueling hopes that the Federal Reserve may halt its rate-hiking campaign. However, JPMorgan CEO Jamie Dimon cautioned that investors may be overreacting to the soft inflation numbers and that inflation may not go away quickly.