Stock index futures edged up on Tuesday, while investors awaited data on the housing market, which remains one of the weakest segments of the economy.
Lending support to equities, a top Federal Reserve official said unacceptably high unemployment and well-contained inflation make it likely that U.S. monetary policy will continue to be accommodative for at least several more months.
On the economic front, existing home sales for February will be released at 10:00 a.m. EDT. Sales are expected to slip to 5 million in February from 5.05 million the month before, according to Reuters data.
Investors are eyeing a European Union summit later in the week that will tackle Greece's fiscal problems. Greece wants a European solution to its debt crisis and expects positive results from the summit, the country's finance minister said.
Shares of Baidu Inc
Companies due to report quarterly results include Adobe Systems Inc
S&P 500 futures rose 0.6 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 9 points, and Nasdaq 100 futures added 0.75 points.
Time Warner Inc
Stocks rose on Monday, building on last week's strength, as the passage of a bill overhauling healthcare ended much of the uncertainty for investors.
After initially trading lower, the Dow rebounded to finish at a 17-month high and post its ninth gain in 10 sessions.
(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)