12:34 PM EST, 11/13/2024 (MT Newswires) -- US equity indexes rose in choppy trading Wednesday while most Treasury yields fell as bets favoring an interest-rate cut in December remained alive following the release of October's inflation data.

The S&P 500 climbed 0.3% to 6,002.1, the Dow Jones Industrial Average rose 0.4% to 44,102.2, and the Nasdaq Composite advanced 0.1% to 19,307.6. Consumer discretionary and real estate led the top gainers intraday.

In economic news, the US seasonally adjusted consumer price index rose by 0.2% in October, as expected in a survey compiled by Bloomberg, and following a 0.2% increase in September, the Bureau of Labor Statistics said Wednesday. Core CPI, which excludes food and energy prices, rose by 0.3%, as expected. Core CPI also rose by 0.3% in September.

The year-over-year rate for overall CPI accelerated to 2.6% from 2.4%, while the rate for core CPI remained at 3.3%.

The CME FedWatch tool showed that the probability of a 25 basis-point rate cut was 82% in December, as of Wednesday afternoon, up from 59% a day ago.

Most US Treasury yields retreated, with the 10-year down 1.9 basis points to 4.43% and the two-year slumped 7.5 basis points to 4.27%.

West Texas Intermediate crude oil rose 0.3% to $68.32 a barrel.

In company news, Super Micro Computer ( SMCI ) dropped 4.7% intraday, among the worst performers on the S&P 500 and the Nasdaq, after the company flagged a delay in filing its quarterly report for the period ending Sept. 30 because it needs more time to complete financial statements and disclosures.