U.S. stock index futures pointed to a flat to lower open on Tuesday ahead of a hectic day of data releases, following the Memorial Day holiday weekend.
Investors will keep a close eye on the data for indicators as to when the Federal Reserve could start hiking interest rates. On Friday, Fed Chair Janet Yellen suggested a hike would be appropriate this year if the economy improves. She noted that first quarter weakness was largely transitory, but that it would take several years for rates to return to normal.
Durable goods for April came in half a percent lower, roughly in-line with expectations. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 1.0 percent last month after an upwardly revised 1.5 percent increase in March.
Futures edged lower after the report. The U.S. 2-year Treasury yield jumped to 0.64 percent. The euro dipped below $1.09 as the U.S. dollar continued to strengthen.
The S&P/Case-Shiller composite index of 20 metropolitan areas gained 5 percent in March on a year-over-year basis, matching February's gain. The March reading topped a Reuters poll of economists that forecast a rise of 4.7 percent.
New home sales figures for April come at 10.00 a.m.