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US futures edge higher after selloff

New York - US stock index futures edged higher on Tuesday, implying a modest rebound off the previous session's decline, though investors continued to watch global issues with caution.

File image. Credit: THE PHOTO HOLIC

However, the selling was concentrated in the Nasdaq, which fell under its 50-day moving average, as traders took profits in some of the market's recent standouts.

The CBOE Volatility Index, a gauge of investor anxiety, closed barely higher on Monday and remains at historically low levels.

Dow Jones industrial average futures added 22 points and Nasdaq 100 futures rose 6 points.

The consumer confidence index is seen rising to 78.6 from 78.1.

Facebook Inc, one of the market's biggest decliners on Monday with a drop of 4.7 percent, rose 0.8 percent to $64.60 in premarket trading.

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