NEW YORK (Reuters) - Stock index futures added to gains on Tuesday after data showed producer prices rose in July for the first time in four months, easing deflation fears.
S&P 500 futures rose 8.3 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 52 points and Nasdaq 100 futures added 12.5 points.
Separate data showed U.S. housing starts rose but to a much weaker rate than expected in July, while permits for future home construction fell to their lowest level in more than a year.
