NEW YORK (CNNMoney) -- U.S. stocks were poised to follow European stocks higher, a day after markets sold off on worries about the debt and banking crisis in Europe.
Dow Jones industrial average (), S&P 500 ( ) and Nasdaq ( ) futures were all slightly higher. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET.
Trading could be choppy, with little U.S. economic or company news on tap. Investors will continue to monitor uncertainty in Europe, and Spain's request for up to €100 billion ($125 billion) in assistance from the European Union its banking system.
As the situation in Spain heats up, bond yields have risen again to about 6.7%. Italian bond yields also rose Tuesday, remaining above the 6% benchmark -- a warning sign that the country could need a bailout of its own.
Meanwhile in Greece, elections this Sunday are seen as a pivotal moment that could determine if the country remains a member of the euro currency union.
Art Hogan, managing director at Lazard Capital Markets, said he's concerned that it will be as difficult to maintain the early positive momentum for stocks as it was Monday. U.S. stocks closed the day with all three indexes down more than 1%, as higher futures could not be carried over into the trading day.
"You see a modest updraft in the European markets and we seem to be enthusiastic about that," Hogan said. "I think we're in the environment where the risk is more to the downside, especially on days where there is no catalyst."
World markets: European stocks rose in midday trading. Britain's FTSE 100 ( ) ticked up 0.3%, while the DAX ( ) in Germany added 0.4% and France's CAC 40 ( ) edged 0.1% higher. All the indexes were down slightly from earlier highs.
Asian markets closed lower Tuesday, after a rise the previous day on stronger economic readings out of China. The Shanghai Composite ( ) fell 0.7%, while the Hang Seng ( ) in Hong Kong slid 0.4% and Japan's Nikkei ( ) ended 1% in the red.
Economy: Before the open, the Bureau of Labor Statistics will release import and export price data for May.
At 2 p.m. ET, the Treasury Department will release its monthly budget report. Investors will look for a repeat of last month, when the Treasury revealed a $59 billion surplus, the first monthly budget surplus since September 2008.
Companies: Shares of Michael Kors ( ) shot up 13.9% in premarket trading. The fashion retailer reported fiscal fourth-quarter sales that more than doubled from year-earlier results, easily topping forecasts as well as the company's earlier guidance. The company also gave first-quarter earnings guidance above current forecasts.
Juniper Networks () shares rose 1.8% in heavy premarket trading, after the company announced a $1 billion share repurchase plan late Monday.
Bank stocks were among the biggest losers Monday, but Bank of America (Fortune 500) and Citigroup ( , Fortune 500) were both up 0.8% in premarket trading, while JPMorgan Chase ( , Fortune 500) was up 0.2%.,
Apple (Fortune 500) shares were 1.6% lower on the day of its developer's conference, as its announcement of the new MacBook Air and other products wasn't enough to pull it from a recent slump. Shares were up 0.5% in premarket trading early Tuesday.,
Oil for July delivery continued to slide, losing 38 cents to $82.33 a barrel.
Gold futures for August delivery fell $5.40 to $1,591.40 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, taking the yield up to 1.63% from 1.60% late Monday.
|5 people you might not tip (but should)|
|Oklahoma bans local minimum wage hikes|
|GM reveals most powerful drop-top Corvette|
|Want to make money as a landlord? Try Detroit|
|New York's hottest nightclub... for kids|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.26%||4.48%|
|15 yr fixed||3.30%||3.31%|
|30 yr refi||4.25%||4.45%|
|15 yr refi||3.29%||3.34%|
Today's featured rates: