NEW YORK (CNNMoney.com) - Futures suggested that stocks may finally end their recent slide, at least in the early going Tuesday.

U.S. stock futures were up in early trading, indicating a higher open for stocks, even with oil prices back above the $70 a barrel benchmark in early trading.

The July light crude futures contract for NYMEX was up 90 cents to $70.86 in electronic trading, while the July contract for Brent crude gained 91 cents to $70.26.

Major markets in Asia closed lower Tuesday, although major European markets were up in early trading. Pan-European exchange operator Euronext, which is holding its shareholder meeting Tuesday, stuck by its support for a $10 billion bid for the exchange by the NYSE Group (Research), in the face of a Deutsche Boerse bid which it said is offering $11 billion.

Treasury prices were little changed, leaving the yield on the benchmark 10-year note near the 5.04 percent level reached late Monday. The dollar was higher against the euro but lower against the yen.

Federal Reserve Chairman Bernanke, Treasury Secretary John Snow and Securities and Exchange Commission Chairman Christopher Cox are due to testify before the Senate Banking Committee on the topic of improving financial literacy. But they could face questions about their outlook for inflation and economic growth. Concerns about those topics have weighed on markets for the last week.

In corporate news, home builder Toll Brothers (Research) reported better than expected earnings, but it lowered its earning guidance in the latest sign of a slowing U.S. housing market.

The Wall Street Journal reported that mortgage financier Fannie Mae (Research) is expected to announce it has agreed to pay a fine of about $400 million for allegedly manipulating accounting rules in ways that helped increase bonuses for executives.

Google (Research) said late Monday it is ready to help Web sites run video advertisements, putting the Web search leader into competition with television for what is still the biggest chunk of advertising spending.

For a more detailed look at the markets before the open, click here.