On the data front, the S&P/Case-Shiller 20 city composite home price index showed a 5.7 percent increase year-over-year in December.
Existing home sales and consumer confidence data are due at 10 a.m. ET.
Investors will also be watching for more hints on future policy at the U.S. Federal Reserve and whether it will continue its tightening process this year. Minneapolis Fed President Neel Kashkari is due to speak at 8.30 a.m. with Dallas Fed President Rob Kaplan shortly afterwards. Fed Vice Chairman Stanley Fischer is also due to speak after the closing bell at 8.30 p.m.
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—CNBC's Patti Domm contributed to this report.