On the economic docket, the S&P/Case-Shiller 20-city home price index rose a slightly-higher-than-expected 9.3% in February. The Conference Board's monthly consumer confidence index will be released at 10 a.m. ET.
On the corporate side, Best Buy's(BBY) stock notched up in premarket trading after the retailer announced its agreement to sell its European stake to Carphone Warehouse(CPW).
Pfizer's(PFE) stock tumbled after the drug maker reported a decline in quarterly revenue and profit.
On the upside, investors reacted positively to the latest first-quarter results issued by UBS(UBS) and Deutsche Bank(DB). In Europe, shares in both of the banks popped up by roughly 7% as they reporting rising profits.
Meanwhile, shares of BP(BP) were moving higher after the energy conglomerate reported results that beat analysts' expectations.
Asian markets ended the day with mixed results. Japan's Nikkei closed with a modest drop of 0.2% after Tokyo traders returned from a holiday on Monday. The Hang Seng in Hong Kong went in the opposite direction, pushing up by 0.7%. Markets in Shanghai remain closed for a holiday.