US Markets

Futures point to lower open on Wall Street amid earnings

Stocks struggle to get back in the green

U.S. stock index futures pointed to a lower open on Tuesday as traders continued to digest President Donald Trump's controversial refugee policy and eyed a deluge of earnings.

U.S. stocks recorded their worst day of trading of the year in the previous session after the Trump administration had signed an executive order on Friday to temporarily bar entry into the U.S. to citizens from Iraq, Syria, Sudan, Iran, Libya, Yemen and Somalia.

On the data front, Tuesday will see employment cost index, S&P Case-Shiller HPI and Chicago PMI before 9:45 a.m ET. Consumer confidence and housing vacancies are both scheduled to be released at 10 a.m ET.

On the earnings front, Eli Lilly, Pfizer, Harley-Davidson, Xerox and UPS are among the companies that reported before the bell. While, Apple, Arconic, Electronic Arts, Equity Residential and U.S. Steel are among the major companies due to report after the market close.

Spencer Platt | Getty Images

In Europe, the pan-European Stoxx-600 index was around the flatline on Tuesday. In Asia, the Shanghai Composite in China closed 0.31 percent higher, while the Nikkei in Japan closed 1.69 percent lower.

In oil markets, prices edged lower as increasing levels of U.S. drilling activity offset efforts from OPEC and other producers to curb global oversupply.

Brent crude traded at around $55.37 a barrel on Tuesday, up 0.34 percent, while U.S. crude was around $52.60 a barrel, down 0.01 percent.