US Markets

Wall Street shaky as Greek bailout talks collapse

Stocks poised for drop as Greece talks fail
VIDEO1:2001:20
Stocks poised for drop as Greece talks fail

U.S. stock index futures signaled a lower open on Tuesday, following Europe into negative territory, after talks between Greece and its euro zone partners over the country's debt broke down.

It comes after a quiet start to the week, following Monday's close for Presidents' Day and Friday's record close for the Dow Jones Industrial Average and the.

Read MoreGreece balks: What's next?

Photographer | Collection | Getty Images

Data due on Tuesday include Empire manufacturing figures at 08:30 a.m. ET and NAHB housing market indices for the current month at 10:00 a.m. ET, together with December's TIC capital flows data at 4:00 p.m. ET.

Investors will also be looking ahead to Wednesday, which brings the minutes from the Federal Open Market Committee's most recent policy-setting meeting.

In oil markets, Brent crude added to recent gains, rallying beyond $62 per barrel Tuesday, as the International Energy Agency warned of supply risks to the Middle East. U.S. WTI crude was 60 cents higher at $53.38 a barrel.

Read MoreA Fed rate hike is coming—the question is when

Major earnings expected on Tuesday include Medtronic, MGM Resorts, Genuine Parts, Goodyear Tire and American Campus Communities before market open.

Agilent, Analog Devices, CF Industries, Devon Energy, Fossil and FirstEnergy are among the firms reporting after the bell.

European shares retreated Tuesday, with bourses in Europe's periphery leading markets lower. The Athens Stock Exchange fell 4 percent in the morning session as banks weighed heavily on the index.

The main bone of contention seemed to be a proposal for a six-month extension of Greece's international bailout package, which Athens described as "unacceptable." The European Central Bank is set to decide on Wednesday whether to maintain emergency lending to Greek banks, and it comes as Greece owes some large loan repayments in March.