US stocks were looking to get back on the winning track Tuesday morning in New York, with traders looking ahead to trade balance data and the release of the Treasury budget.

As of 6:30 am ET, the Dow Futures were up 29 points, the S&P Futures were up 5 points, and the NASDAQ Futures were up 2 points.

Following a two-month rally, stocks moved mostly lower during trading on Monday. The major averages all closed firmly in negative territory, although the tech-heavy Nasdaq posted a relatively modest loss.

Traders cashed in on the market's recent gains amid a lack of economic data and limited corporate news.

While the economic calendar remains relatively light on Tuesday, trading could be impacted by the release of the Commerce Department's report on the U.S. trade deficit in the month of March. The deficit is expected to widen to $29.0 billion from $26.0 billion in February.

The Federal Reserve is encouraged by early signs of the ability of major banks to raise new capital in the aftermath of recently performed stress tests, Federal Reserve Chairman Ben Bernanke said Monday evening.

Speaking at the Atlanta Federal Reserve's Financial Innovation & Crises Conference on Jekyll Island, Georgia, Bernanke struck a hopeful tone, saying the stress tests should bolster Americans' confidence in U.S. banking system.

Bank of America Corp. (BAC) raised about $7.3 billion selling a stake in China Construction Bank Corp., Bloomberg reported citing two people with knowledge of the matter.

The reports noted that Hopu Investment Management Co., Temasek Holdings Pte and other investors bought 13.5 billion shares sold by Bank of America.

Bond insurer MBIA Inc. (MBI) is among those due to report their results before the start of trading on Tuesday.

Engineering and construction firm Fluor Corp. (FLR) said Monday after the markets closed that its first quarter profit rose 50% from last year, helped solid contribution from its oil & gas and government segments. However, the company cut its full year 2009 earnings outlook, pressured by recent project cancellations.

Asian stocks were mixed on Tuesday, while European shares were little changed in early dealing.

For comments and feedback: contact