NEW YORK (TheStreet) -- Stock futures were slightly lower on Tuesday as U.S. house prices rose and durable goods orders declined.
S&P 500 futures were down 0.35%, Dow Jones Industrial Average futures fell 0.25%, and Nasdaq futures dropped 0.38%.
U.S. house prices rose 0.9% in March, according to the Case-Shiller Home Price Index, pulling the year-on-year increase up to 5%. Nineteen of 20 cities measured showed gains, led by a 3% increase in San Francisco. The increase was as economists had expected.
Durable goods orders dropped 0.5% in April after jumping 4.4% in March. The reading was in line with economists' forecasts. Excluding transportation, durable goods rose 0.5% after a 0.4% increase in March, better than an expected 0.3% increase.
"April's durable goods figures confirm that, following the earlier disruption caused by the unseasonably cold weather in the Northeast and the West Coast port dispute, the factory sector was getting back on track as spring approached," said Paul Ashworth, chief economist at Capital Economics.
New home sales and consumer confidence figures are scheduled for 10 a.m. EDT.
Time Warner Cable (TWC) surged 7% in premarket trading after Charter Communications (CHTR) announced a $55 billion deal to acquire the cable operator. The deal marks a 14% premium to Time Warner's closing price on Friday. The acquisition, if approved, will make waves in the cable industry by combing the second- and fourth-largest cable operators in the U.S.
AutoZone (AZO) shares were on watch after the company reported a mixed quarter. The car parts retailer reported same-store sales up 2.3%, though overall revenue of $2.49 billion missed by $10 million.