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US futures dip

New York - US stock index futures edged lower on Tuesday, as investors found few reasons to keep buying with the Dow and S&P 500 just off the latest in a string of records.

The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS

While Wall Street's upward trend is still seen as intact, it may be harder to continue notching solid gains in the absence of big catalysts.

There are no major economic indicators on tap for Tuesday.

The CBOE Volatility index , which typically moves inversely to the S&P, rose 3.9 percent on Monday despite the market's advance.

The “fear index” recently fell to its lowest since February 2007, and remains at levels that are very low from a historical perspective.

Dow Jones industrial average futures fell 17 points and Nasdaq 100 futures lost 6.25 points.

The company early Tuesday commented on an ongoing Phase 1 clinical trial, and was upgraded to “market outperform” from “market perform” by JMP Securities.

Earlier, one of the company's wholly owned subsidiaries said it had commenced patent litigation against Huawei Device USA.

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