U.S. stock futures point to a subdued opening on Tuesday following a strong showing on Monday, but earnings from retail majors should help provide direction for trading during the day.

On Tuesday, futures on the Dow Jones Industrial Average were down 0.11 percent while futures on the S&P 500 were down 0.16 percent and those on the Nasdaq were down 0.12 percent. On Monday, the Dow climbed more than 100 points to end the day up 0.64 percent and the S&P 500 touched a record high in intraday trade and closed up 0.62 percent while the Nasdaq rose 0.69 percent.

On the earnings front, The Home Depot Inc. (NYSE:HD), T-Mobile US Inc. (NYSE:TMUS) and Macy's, Inc. (NYSE:M) are among those scheduled to declare earnings before markets open. After market hours, Avago Technologies Ltd. (NASDAQ:AVGO), Oasis Petroleum Inc. (NYSE:OAS) and Newfield Exploration Co. (NYSE:NFX) are expected to announce earnings.

On the data front, the S&P/Case-Shiller 20-city home price index for November is due at 9 a.m. EST while the Conference Board's consumer confidence index for February is due at 10 a.m. 

In Europe, stocks were weak with the Stoxx Europe 600 index trading down 0.21 percent while the FTSE 100 was down 0.6 percent. Germany’s DAX-30 was down 0.46 percent and France's CAC-40 was down 0.45 percent.

In Asia, markets were mixed with Japan’s Nikkei-225 rising to end the day up 1.44 percent while Australia’s S&P/ASX 200 slipped 0.12 percent. Hong Kong’s Hang Seng was down 0.32 percent while the Shanghai Composite was down 2.04 percent. South Korea’s Kospi was up 0.81 percent, while India’s BSE Sensex rose 0.2 percent.