Dow Jones industrial average rose 17 points, while S&P 500 and Nasdaq 100 futures gained 2 points and 5.75 points, respectively.
On the data front, U.S. housing starts totaled 1.18 million in July, slightly above the expected 1.175 million. Meanwhile, U.S. import prices posted their biggest gain in seven months.
Later on Tuesday, the U.S. central bank is poised to begin a two-day meeting. The Fed could announce plans to begin unwinding its $4.2 trillion portfolio of Treasurys and mortgage-backed securities.
On Monday, the Dow Jones industrial average gained 63.01 points and posted its fifth straight record close. Boeing and Caterpillar contributed the most to the gains. The index finished the session at 22,331.35. While, the S&P 500 also closed at an all-time high of 2,503.87, rising 0.1 percent, as financials led the advancers. The Nasdaq composite hit an intraday record before closing 0.1 percent higher at 6,454.64.