Futures point to higher open; tech poised for recovery

U.S. stock index futures pointed to a slightly higher open Tuesday as technology stocks looked set to recover from Monday's sell-off.

Nasdaq 100 futures rose and the Technology Select Sector SPDR ETF (XLK) rose about 0.4 percent in premarket trading.

Stocks closed lower Monday after a ratcheting up of tensions on the Korean Peninsula and a sharp decline in information technology stocks, which posted their worst day since August 17.

North Korea's Foreign minister said Monday that one tweet from President Donald Trump over the weekend was a declaration of war. Pyongyang said it now had the right to take countermeasures, which could include shooting down U.S. bombers even if they are not in North Korea's air space. The U.S. administration responded saying that such an accusation was "absurd."

On the data front Tuesday, investors will be watching for flash services PMIs (Purchasing Managers' Index) due at 9:45 a.m. ET, new home sales numbers for August out at 10 a.m. ET and consumer confidence levels, also out at 10 a.m. ET.

On the earnings front, Darden Restaurants reported adjusted quarterly earnings that matched estimates, while revenue topped forecasts. Carnival is also scheduled to report ahead of the open, while Nike is set to report after the bell.

In Europe, the pan-European Stoxx 600 was up 0.07 percent.

Oil traded lower after hitting multi-month highs Monday. U.S. crude oil traded just below $52 a barrel.