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.
Read More UPS profit hit by retirement liabilities
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.