Stock futures hold gains after home prices data

January 31, 2012 9:14 AM EST

Stock index futures held gains on Tuesday after data showed U.S. home prices fell more than expected in November.

Futures were trading higher on signs of progress in dealing with Europe's long-running sovereign debt crisis.

S&P 500 futures rose 5.8 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures added 46 points and Nasdaq 100 futures gained 11 points.

(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)

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