U.S. stock index futures held their strong gains Tuesday after the Case-Shiller home price index report and as investors seemed to temporarily shrug off worries over the euro zone.
Home prices eked out a gain of 0.1 percent in March, according to the S&P/Case Shiller composite index of 20 metropolitan areas. Economists expected a gain of 0.2 percent. Still, the major indexes ended the first quarter at new post-crisis lows, according to the report.
Also on the economic front, May consumer confidence numbers are due at 10:00 a.m. ET, with economists surveyed Reuters expecting a reading of 70.0.
U.S. markets were closed for Memorial Day on Monday.
China's biggest banks have accelerated lending toward the end of the month as Beijing starts to fast-track its approval of infrastructure investments in an effort to stem sagging growth, according to the Shanghai Securities News, citing unidentified sources.
European shares gained following the report, but worries over Spanish banks kept a damper on gains.
JPMorgan Chase has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering losses connected to the bank's now-infamous "London Whale" trader, compounding the cost of those trades.
Shares of Opera Software surged amid market talk that Facebook is in discussions to acquire the Norwegian firm for its advanced mobile phone software technology.Page 1 of 2 | Next Page