US STOCKS-Wall St headed for higher open after tepid inflation data

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* High-growth stocks dip after strong comeback on Tuesday
* GameStop set for longest winning streak in six months
* Futures up: Dow 0.55%, S&P 0.40%, Nasdaq 0.59%

(Adds comment, details; updates prices)
By Medha Singh and Shashank Nayar
March 10 (Reuters) - Major U.S. stock indexes were set to
open higher on Wednesday after data showed underlying consumer
prices remained tepid in February, easing concerns about a spike
in inflation as an economic recovery gathers momentum.
The 10-year U.S. Treasury yield US10YT=TWEB ticked lower
as data showed core consumer prices index inflation rose less
than expected as demand for services including airline travel
gradually picked up. Focus is on an auction of U.S. 10-year and 30-year debt
later in the day for clues to where yields in the recently
volatile market may be headed. "Expectations for near-term inflation to rise is going to
remain due to the huge public borrowings, but the tame inflation
data that has come today would definitely drive some optimism
among investors," said Arthur Weise, chief investment officer at
Kingsland Growth Advisors in New York.
At 8:52 a.m. ET, Dow E-minis 1YMcv1 were up 176 points, or
0.55%, S&P 500 E-minis EScv1 were up 15.5 points, or 0.4% and
Nasdaq 100 E-minis NQcv1 were up 75.5 points, or 0.59%.
Accelerated vaccine rollouts and a new hefty round of fiscal
stimulus on the horizon have raised bets on higher inflation,
triggering a sharp rise in Treasury yields that knocked off the
tech-heavy Nasdaq about 7% from its Feb. 12 record closing high.
The Nasdaq logged its best one-day percentage jump in four
months on Tuesday, helped by a near 20% jump in Tesla Inc's
TSLA.O shares as investors picked up momentum stocks that had
recently taken a beating due to higher yields.
Apple Inc AAPL.O , Amazon.com Inc AMZN.O and Microsoft
Corp MSFT.O extended gains slightly from the previous session,
while economy-linked industrial and bank stocks including Boeing
Co BA.N , Morgan Stanley MS.N and JPMorgan Chase & Co JPM.N
also added between 0.8% and 1.2%.
The chunk of a $1.9 trillion relief aid, which is on track
to be signed into law later this week, is poised to end up in
the stock market and could provide a boost for GameStop GME.N
and other stocks popular among retail investors active in online
social media forums. Shares of GameStop jumped another 12%, setting the videogame
retailer on track for its longest streak of daily gains in six
months and extending a rally that has already doubled the
company's market value. Among other "meme" stocks, Koss Corp KOSS.O and AMC
Entertainment AMC.N climbed 44% and 7.4%.