7:56 AM EDT, July 29, 2014
NEW YORK (Reuters) - U.S. stock index futures edged higher on Tuesday following better-than-expected results from companies such as Pfizer and Merck and ahead of data on home prices and consumer sentiment.
The economic calendar for Tuesday includes S&P/Case-Shiller home price index for May at 9:00 a.m. EDT and the Conference Board's consumer sentiment for July an hour later.
Later on Tuesday, the Federal Reserve begins a two-day meeting on monetary policy. The Fed could make subtle yet telling changes to its policy statement due Wednesday, as it plans how and when to eventually raise interest rates.
S&P 500 e-mini futures were up 3 points and fair value - a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract - indicated a slightly higher open. Dow Jones industrial average e-mini futures rose 33 points and Nasdaq 100 e-mini futures added 7 points.
Shares of health insurer Aetna
(Reporting by Rodrigo Campos; Editing by Bernadette Baum)
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