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Stock Futures Rise as BP, DuPont Impress

Stock futures rose Tuesday morning as the Federal Reserve prepared to meet for a two-day policy meeting and a number of industry bellwethers beat analysts' earnings forecasts.

S&P 500 futures were up 0.23%, Dow Jones Industrial Average futures added 0.2%, and Nasdaq futures gained 0.12%.

The U.S. central bank's Federal Open Market Committee will convene for a two-day meeting which concludes on Wednesday afternoon with an announcement. While the chances of an interest rate hike are slim, investors will be keen to gauge how willing members are to move at the next meeting in June.

Procter & Gamble (PG) was slightly higher in premarket trading after besting third-quarter earnings estimates. The consumer products company earned 86 cents a share in its recent quarter, 4 cents more than expected. P&G also detailed plans to repurchase...