S&P 500 index futures edged into positive territory on Monday, trimming earlier declines after data showed consumer spending rose at the strongest pace in four months in July.

S&P 500 futures added 0.3 point and were slightly 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 slipped 28 points, and Nasdaq 100 futures were off 0.75 points.

(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)