Futures on the Dow Jones Industrial Average rose 35 points, or 0.3 percent, to 12,906. S&P 500 Index futures rose 4.1 points, or 0.3 percent, to 1,366.8, while Nasdaq 100 futures rose 10.50 points, or 0.4 percent, to 2,660.75.
US markets will turn the focus to data and earnings later Wednesday. Case-Shiller home prices for February will be released at 9:00am Eastern Time. Shortly after at 10:00am ET, the consumer confidence index for April and new home sales for March will be released.
Tuesday also marks the start of the two-day Federal Open Market Committee (FOMC) meeting.
"It feels as if investors expect dovish comments from the Federal Reserve, although few expect an explicit statement saying that further stimulus is imminent," GFT Markets market strategist Fawad Razaqzada said.
He added, "While recent US economic data has weakened significantly, it is not currently bad enough to warrant the announcement of further quantitative easing. However, with so much uncertainty surrounding the eurozone, and with US employment and housing both on shaky ground, the FOMC is likely to leave the door open to some form of stimulus program. If they don't, we can expect further stock market weakness."
The earnings calendar is heavy for Tuesday. The highlight comes after the market close, with Apple results.
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