U.S. stock-index futures rose on Tuesday after a gauge of home prices came in better than expected, as investors also reacted to positive earnings a day ahead of a U.S. Federal Reserve policy decision.
U.S. single-family home prices climbed more than expected in May, although the pace of monthly increases showed signs of slowing, according to the S&P/Case-Shiller composite index of 20 metropolitan cities.
Dow-listed pharmaceutical giants Merck and Pfizer posted earnings that beat Wall Street's estimates by a mile. Shipping giant UPS, however, disappointed, with the company's quarterly profit falling sharply from the year-earlier period.
The Fed's regular monetary policy announcement is due on Wednesday, with the central bank expected to cut monthly asset purchases by another $10 billion to $25 billion. U.S. second-quarter gross domestic product figures will also be announced during the day.