U.S. stock index futures added to gains Tuesday after the long holiday weekend as investors cheered a better-than-expected durable goods orders report.
Durable goods unexpectedly rose 0.8 percent in April, according to the Commerce Department, exceeding expectation for a loss of 0.7 percent.
Adding to positive news, S&P/Case-Shiller's composite index of 20 metropolitan areas rose 0.9 percent in March , edging past expectations for a gain of 0.7 percent.
Markit's final services sector PMI for May follows at 9:45 a.m. ET and at 10 a.m. the Conference Board's measure of consumer confidence is due. Economists in a consensus survey expect the consumer confidence index to rise to 83 in May, up from 82.3 in the prior month.
Pfizer (NYSE:PFE - News) edged up in premarket trading a day after the drugmaker walked away from its $116 billion bid to acquire AstraZeneca (London Stock Exchange: AZN-GB). AstraZeneca shares dropped.
Read More How AstraZenecaescaped Pfizer clutches...this time
Hillshire Brands (NYSE:HSH - News) spiked more than 20 percent after the packaged food company was offered to be bought by poultry producer Pilgrim's Pride (NASDAQ:PPC - News) in a deal valued at $6.4 billion. Shares of Pinnacle Foods (NYSE:PF - News), which is in the process of being acquired by Hillshire, fell.
Over the weekend, the Financial Times reported that Apple (NASDAQ:AAPL - News) will announce a software platform for its iPhone that will control home appliances. The announcement is expected at the company's Worldwide Developer Conference, which begins June 2.
Aeropostale (NYSE:ARO - News) surged after the apparel retailer said it secured a $150 million credit facility from private equity firm Sycamore Partners, in what could be a lifeline for the struggling chain. Aeropostale reported its sixth straight quarterly loss last week.
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