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Futures up as Fed starts talks

U.S. stock index futures rose on Tuesday ahead of data on industrial production, home prices and consumer confidence and as the Federal Reserve prepared to begin a two-day meeting on monetary policy.

Ahead of the opening bell, futures for the Dow Jones Industrials gathered 68 points, or 0.4%, to 16,824. Futures for the S&P 500 picked up 8.75 points, or 0.5%, to 1,965.75, and futures for the NASDAQ advanced 21.25 points, or 0.5%, to 4,059.50.

Twitter shares fell 13.1% in pre-market trading a day after it posted a slide in a closely watched measure of engagement even as its user base grew in the third quarter.

Receptos Inc shares jumped 33% pre-market after the company said its experimental ulcerative colitis drug met the main goal in a mid-stage trial.

U.S.-traded shares of Sanofi dropped 8% pre-market after the French drug maker said sales growth at its leading business of diabetes treatments would stall next year.

A busy economic schedule includes September data on durable goods, S&P/Case-Shiller home prices for August and a gauge of consumer confidence for October.

The U.S. Federal Reserve begins later on Tuesday a two-day meeting, after which it is expected to reinforce expectations it will wait a long while before rising interest rates. The U.S. central bank is all but certain to announce the end of its massive bond-buying stimulus.

Oil prices gained 46 cents to $81.46 U.S. a barrel

Gold prices ducked back $2.20 to $1,237.10 U.S. an ounce.

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