Stock futures for the Dow Jones industrial average share index gained 0.3 percent and for the S&P 500 rose 0.9 percent, but futures for the Nasdaq 100 fell 0.1 percent, indicating a mixed start on Wall Street on Tuesday.

President Barack Obama will deliver his first address to Congress at 9 p.m. EST, when he will try to reassure Americans about what he's doing, and what else he plans to do to rescue the financial system and pull the country out of recession.

Federal Reserve chief Ben Bernanke could offer clues on additional steps that could be taken to halt a sharp dive in the economy and will likely be pressed on government plans to clean up the financial sector. He is due to deliver the Fed's semiannual monetary policy report to Congress in two days of testimony, starting at 10:00 a.m. EST.

Discount retailer Target is expected to report its sixth consecutive drop in quarterly profit. The No. 2 U.S. discount retail chain behind Wal-Mart has cut jobs, capital spending and temporarily suspended its share buybacks to deal with the recession.

After unveiling a big restructuring plan earlier this year, Macy's expects to report brighter quarterly results.

Home improvement chain Home Depot is expected to report its 10th straight quarterly profit decline for the seasonally weak fourth quarter. Analysts expect it to earn 15 cents a share, excluding items, down from 40 cents a year earlier.

Pizza delivery chains Domino's Pizza and Papa John's will report fourth-quarter results.

Heinz is set to report results for its just-ended third quarter. In comments published on Wednesday, the world's largest ketchup maker stood by its fiscal year 2009 earnings forecast, but said conditions were too volatile to forecast 2010 results.

Nordstrom Inc jumped 10.3 percent to $12.50 after the bell on Monday following the department store's fourth-quarter results.

Wall Street slumped to a 12-year low on Monday as investors lost faith that the government will be able to stabilize the financial system.

(Reporting by Atul Prakash; Editing by Dan Lalor)