NEW YORK (Reuters) - Stock futures edged up in low volume on Tuesday as the market continues to be hostage to negotiations in Washington on how to avert a "fiscal cliff" that could push the U.S. economy into recession.
* Congress Republicans proposed steep spending cuts on Monday but gave no ground on President Barack Obama's call to raise taxes, and the proposal was dismissed by the White House.
* Headlines about the negotiations have dominated market action of late, with many expecting Congress to come up with a deal that could trigger a rally in equities.
* Coach
* S&P 500 futures rose 1.2 points and were slightly 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 rose 10 points, and Nasdaq 100 futures added 4.5 points.
* A light data calendar for Tuesday includes the Institute for Supply Management-New York release of its November index of regional business activity at 9:45 a.m. (1445 GMT).
* Cerberus Capital Management is in talks to join Virtu Financial's bid for U.S. brokerage Knight Capital Group
* Shares of Pep Boys-Manny Moe and Jack
* U.S. stocks struggled on Monday to extend the previous week's gains, dropping as disappointing numbers on U.S. factory activity dampened optimism about China's economic growth. The Dow Jones industrial average <.dji> fell 0.46 percent to 12,965.60 at the close. The S&P 500 <.spx> declined 0.47 percent to 1,409.46 and the Nasdaq Composite <.ixic> dropped 0.27 percent, to 3,002.20.
(Reporting by Rodrigo Campos; Editing by Chizu Nomiyama)
Stock futures signal slightly higher open
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Stock futures signal slightly higher open
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Stock futures signal slightly higher open
