US Markets

Oil, Greece turmoil set to weigh on US market

US markets look for more gains
VIDEO1:3001:30
US markets look for more gains

U.S. stock index futures signaled a lower open on Tuesday, as oil prices continued to weaken and Greece remains in focus after the country's parliament failed to elect a president.

Brent oil extended losses into a fourth session, with prices hitting a 5-½-year low below $57 per barrel, despite ongoing output disruptions in Libya.

Read MoreWhy Greece is not the risk it once was

Data expected Wednesday includes the Case-Shiller house price index for October at 09:00 AM ET and the December reading of the Conference Board's consumer confidence due at 10:00 AM ET. No major earnings are set to be reported.

European shares remained under pressure on Tuesday, as Greece fears continued to weigh.

The Greek parliament, for a third time, failed to elect a new president on Monday, meaning a general election has been called for January 25. There are worries that far-left anti-austerity party Syriza could win, with polls showing that the party has a narrow lead, according to Reuters.

Athens main stock exchange, which ended almost 4 percent lower on Monday, traded around 0.75 percent lower.

In other news, bodies and debris have been found in the search for the AirAsia flight QZ8501, which went missing early on Sunday, according to various media reports.

Indonesian officials confirmed that the debris, which was located close to the last captured radar message from the jet, were from the plane. The country's search and rescue agency confirmed to NBC that at least six bodies had been found, three of which had been recovered.