S&P/Case-Shiller Index Rises More Than Expected Ahead Of Wednesday's Pending Home Sales

The S&P/Case-Shiller Index rose by 0.76 percent, according to data released on Tuesday. The figure was higher than the 0.4 percent economists estimated. Year over year, the index declined 4.5 percent down from 4.82 percent last month. Tuesday's data point marks the largest month over month increase since March 2014 despite price trends inching lower on a year over year basis. Investors will receive data on November's Pending Home Sales during Wednesday's shortened trading session. Economists are currently expecting a 0.5 percent month over month increase and a 3.6 percent year over year increase. Shares of the

were trading slightly higher by 0.12 percent Tuesday morning.