U.S. stock futures edged higher late Tuesday as initial results from the presidential election began rolling in, while investors also looked ahead to the Fed meeting later this week. Futures for the Dow Jones Industrial Average and S&P 500 ticked up 0.

"We have had some re-pricing in yields ... which comes from the fact that economic data has been coming better than expected. Yields are definitely positioned to take a breather, but that catalyst for that to go in the other direction was triggered by investors' expectations of presidential election results,