NEW YORK (TheStreet) -- Stock futures added to earlier gains on Tuesday after third-quarter U.S. economic growth was revised up to 5.0%.
S&P 500 futures added 0.17% on Tuesday, Dow Jones Industrial Average futures were up 0.22%, and Nasdaq futures climbed 0.2%.
The Dow scored a record close on Monday, just 40 points shy of 18,000, while the S&P 500 notched a new all-time high of 2,078, its 50th record high close this year.
A new estimate of third-quarter GDP came in at 5%, its highest in 11 years. The previous estimate had put GDP at 3.9%.
Durable goods orders slipped 0.7% in November to $242.3 billion, below an expected 3% increase.
Personal income, also due out Tuesday morning, is anticipated to have improved to 0.5% in November from the 0.2% gain in October. "If the employment report is any indication, incomes should have posted a sizable increase in the month," Wells Fargo analysts wrote in a report.
New home sales will be released at 10 a.m. and consumer confidence at 9:55 a.m.
Major European markets weren't having noticeable reaction to Greece failing to elect a president in a second round of voting, though Athens' ATG share index was more than 2% lower. Greek Prime Minister Antonis Samaras will hold a final round of voting next week.
U.K. GDP came in at a rate of 0.7% in the third quarter, while the year-over-year rate was downwardly revised to 2.5% from 3% on higher imports. London's FTSE was up 0.39%.
Crude oil prices were gaining with West Texas Intermediate crude adding 1.5% to $56.06 a barrel. Arab OPEC producers said they expect global oil to rebound to between $70 and $80 a barrel by end-2015 as demand picks up in line with a global economic recovery.
Walgreen (WAG) shares were higher in premarket trading as fiscal first-quarter profit beat estimates and pharmacy sales gained 9%.
Starbucks (SBUX) - Get Report was gaining after Piper Jaffray named the coffee chain its Top 2015 Pick. Avon Products (AVP) - Get Report shares were 2% lower after BMO Capital Markets downgraded the stock to "underperform" and set a $7 price target.
Keurig (GMCR) shares were tumbling more than 3% after the company recalled 6.6 million of its coffee makers.
--Written by Keris Alison Lahiff in New York.