U.S. stock index futures pointed to a higher open on Wall Street, with investors' attention firmly fixed on the U.S. presidential election on Tuesday.
The vote result is expected to be close and both incumbent Barack Obama and Republican challenger Mitt Romney have made last minute pushes in crucial swing states. Whoever wins will have to tackle the looming U.S. "fiscal cliff", one of the markets' major concerns at the moment.
"The market impact from the U.S. elections will likely come in the areas of fiscal and monetary policies," according to a note from Brown Brothers Harriman. "On the fiscal side, how the looming fiscal cliff will be dealt with will hinge greatly on the makeup of Congress and its relationship with the new president."
Among earnings, CVS edged higher after the drug store chain edged past earnings expectations and raised its forecast for the full year, on improving sales at its stores and an increase in pharmacy benefit clients.
Zillow plunged after the real estate database website handed in a fourth-quarter revenue below estimates and the company lost one of its larger advertisers.
News Corp is scheduled report after the closing bell.