Stock futures higher after upbeat read on US growth

U.S. stock-index futures were higher on Tuesday after the second reading of third-quarter GDP proved better than expected.

The number came in at 3.9 percent, higher than the expected 3.5 percent quarter-on-quarter annualized growth.

An S&P/Case-Shiller report found home prices rose less than expected in September.

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Scott Mlyn | CNBC

Tiffany & Co. shares rose in early New York trading after the jewelry reported earnings and revenue that missed estimates; Campbell Soup gained after posting an earnings and revenue beat.

The day will also bring the Conference Board's latest consumer confidence survey.

Declining oil prices remain in focus, with Brent crude trading below $80 a barrel. Traders are focusing on Thursday's meeting of the Organization of the Petroleum Exporting Countries (OPEC), to see whether the consortium will opt to cut production.

Read More$60 oil after OPEC meeting is not possible: Pro

In other news, a grand jury in the U.S.voted not to indict Darren Wilson, the white police officer who shot and killed Michael Brown, an unarmed black teenager, on a street in Ferguson, Missouri, in August. Shots were fired outside police headquarters when the verdict was announced, NBC News reported.

Negotiations between Iran and world powers over Iran's nuclear program have been extended by seven months. Speaking to reporters in Vienna, U.S. Secretary of State John Kerry said "significant points of disagreement" remained, Reuters reported.

Read More'Arrogant': Iran leader's tweet on nuclear talks