Stock index futures pared gains on Wednesday after data showed new orders for long-lasting manufactured goods rose less than expected in February.

S&P 500 futures rose 1.2 points and were roughly even with 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 18 points, and Nasdaq 100 futures gained 5.25 points.

(Editing by Jeffrey Benkoe)