US futures edge lower

New York - US stock index futures fell on Tuesday, suggesting investors continued to search for direction following a sharp rally that took indexes to records last week.

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

That came after a six-day rally on the S&P that ended Friday, its longest streak since mid-April.

Home prices, based on the S&P/Case-Shiller composite index, are seen up 0.8 percent in April.

Dow Jones industrial average e-mini futures fell 23 points and Nasdaq 100 e-mini futures lost 7.5 points.

The stock, which is up 43.7 percent this year and more than tripled over 2013, edged 1.6 percent lower to $30.75 in premarket trading.

The stock dipped slightly in premarket trading.

German business sentiment weakened more than expected in June as concern grew among companies in Europe's largest economy that tensions in the regions would hurt their business. - Reuters