(Corrects to add punctuation in paragraph 1)
* Futures up: Dow 0.1%, S&P 0.3%, Nasdaq 0.4%
By Medha Singh
Oct 27 (Reuters) - U.S. stock index futures edged higher on
Tuesday following the benchmark S&P 500's worst day in a month
as investors parsed through a deluge of corporate earnings,
while bracing for volatility ahead of Election Day.
Drugmaker Eli Lilly and Co LLY.N fell 4% after it reported
a fall in quarterly profit. Industrial companies 3M Co MMM.N
and Caterpillar Inc CAT.N were flat to slightly lower after
results. Investors are looking forward to results from Apple Inc
AAPL.O , Amazon.com AMZN.O , Google-parent Alphabet GOOGL.O
and Facebook Inc FB.O in an earnings-heavy week as the
technology giants have managed to stand out during the
coronavirus pandemic.
The S&P 500 and Nasdaq hit three week lows on Monday as
record number of new coronavirus infections in the United States
and some European countries and a lack of agreement in
Washington over the next U.S. fiscal stimulus raised worries
about the economic recovery.
Wall Street's fear gauge .VIX perked up on Tuesday after
closing at its highest level in nearly two months on concerns
about President Donald Trump's unexpected victory or an
uncertain election outcome. Democratic challenger Joe Biden leads in national polls but
the race is much tighter in battleground states which determine
the election outcome.
At 06:19 a.m. ET, Dow E-minis 1YMcv1 were up 0.13% at
27619 points and S&P 500 E-minis EScv1 rose 0.27% to 3,402.5
points. Nasdaq 100 E-minis NQcv1 were up 0.42% to 11,540
points.
Insurer American International Group Inc AIG.N jumped 7.1%
premarket after its board approved a plan to separate the life
and retirement business from the rest of the company, and named
President Peter Zaffino as chief executive officer, effective
next year. Semiconductor designer Advanced Micro Devices Inc AMD.O
fell about 3% as it agreed to buy Xilinx Inc XLNX.O in a $35
billion all-stock deal that will intensify its battle with Intel
Corp INTC.O in the data center chip market. Xilinx shares
soared about 12%.