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Tuesday, 17 June 2014

Stock futures gain ahead of data, start of Fed meeting

Traders work on the floor of the New York Stock Exchange By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stock index futures edged higher on Tuesday, ahead of impending data on housing and inflation, and as the Federal Reserve prepared to begin a two-day policy meeting. The S&P 500 has advanced over the past two sessions and is down 0.7 percent from its record close on June 9 as escalating violence in Iraq has given investors reason for caution. Iraq's biggest oil refinery has been shut down and its foreign staff evacuated, refinery officials said, with local staff still in place and the military in control of the facility. Investors await data at 8:30 a.m. EDT (1230 GMT) in the form of the consumer price index and housing starts for May. CPI is expected to rise 0.2 percent versus 0.3 percent a month earlier.








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