No major economic data is expected in the U.S. on Tuesday, and the day will also be light on fourth-quarter earnings.
Companies posting numbers before Wall Street opens included AutoZone with shares of the auto-parts retailer rising 1.8 percent in early New York trade after it reported a 9.4 percent rise in second-quarter profit.
"The economic data calendar is pretty light today but the ISM manufacturing report yesterday certainly offered hope that the economy may be stabilizing. Weather may still impact this week's jobs reports, but any improvement will offer hope and help support the dollar," said Derek Halpenny of Bank of Tokyo Mitsubishi in a note.
On Capitol Hill, the Senate Banking Committee has postponed a confirmation hearing for the nominations of Stanley Fischer, Jerome Powell and Lael Brainard to the Federal Reserve Board of Governors. The postponement was because of government office closures on Monday due to the snow storms. A new date has not yet been set.
—By CNBC's Katy Barnato