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Futures down: Dow 0.14%, S&P 500 0.14%, Nasdaq 0.13%

Nov 13 (Reuters) - U.S. stock index futures edged lower

on Wednesday as an uptick in Treasury yields weighed on

rate-sensitive equities ahead of crucial inflation data that

will offer more signals on the pace of the Federal Reserve's

interest rate reductions.

All the three major Wall Street indexes closed lower on

Tuesday, as a strong rally following the U.S. elections lost

some steam, while the benchmark U.S. 10-year Treasury yield

moved above the 4.4% level on expectations that

President-elect Donald Trump's policies could exacerbate

inflation.

With investors seeing about a 66% chance of a 25-basis point

interest rate cut at the Fed's December meeting, according to

CME FedWatch, October's consumer price index figures will be

closely watched to see if inflationary pressures are easing.

Economists polled by Reuters see core inflation rising 0.3%

and the headline number up 0.2% on a monthly basis. CPI data is

due at 8:30 a.m. ET.

At 5:35 a.m. ET, Dow E-minis were down 60 points,

or 0.14%, S&P 500 E-minis were down 8.5 points, or

0.14%, and Nasdaq 100 E-minis were down 28.25 points, or

0.13%.

Most rate-sensitive megacap stocks were lower in premarket

trading, with Meta Platforms ( META ) down 0.5% and Microsoft ( MSFT )

losing 0.4%.

EV maker Tesla, however, gained 2.6% after closing

down 6.2% in the previous session.

Futures tracking rate-sensitive small cap companies

also edged down 0.1%.

Despite the last session's declines, Wall Street has been

largely upbeat over the past few days, expecting Trump's

pro-business stance and possible tax cuts to buoy corporate

growth, even as some worries remain over higher tariffs and

inflation.

The S&P 500 has gained about 3.5% since the close on

Nov. 5, and is on track for year-to-date gains of more than 25%.

A Bank of America's monthly fund manager survey showed

global investors see higher growth than they did before, as well

as higher inflation, in the wake of the U.S. election results.

Spirit Airlines' ( SAVE ) shares plunged 64.4% after a

report the U.S. carrier is preparing to file for bankruptcy

protection, while the company said it is in talks with

creditors.

EV maker Rivian soared 14.2% after Volkswagen

on Tuesday raised its investment in the company by

16% to $5.8 billion.

Amgen ( AMGN ) rose 3.2% after the company said there was no

link between its experimental weight-loss drug and changes in

bone mineral density, following data from an early-stage study

that weighed on the stock in the prior session.

Fed officials Lorie Logan, Alberto Musalem and Jeffrey

Schmid are scheduled to speak later in the day.