US futures tick up after biggest drop in months

New York - US stock index futures edged higher on Tuesday as the market looked to regain its footing following the largest selloff in months.

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

That pressured bond and stock holdings and forced investors to exit in favor of assets perceived as relatively safe like the yen.

The CBOE Volatility Index on Monday rose 16.5 percent to close at its highest since December 28, 2012.

The VIX is up 56 percent so far in 2014.

Dow Jones industrial average futures rose 34 points and Nasdaq 100 futures added 9.5 points.