Stock index futures pointed to a higher open for Wall Street on Tuesday, in a modest rebound from falls in the previous session.
The Nasdaq <.IXIC> fell 1.6 percent on Monday as investors sold recent gainers on the back of growing unease with parts of U.S. economic weakness.
The Dow Jones industrial average <.DJI> and the S&P 500 <.SPX> were off 0.4 and 0.6 percent, with a disappointing reading of manufacturing in New York state adding to the uncertain outlook for the economy.
Housing starts data is scheduled for release at 8:30 a.m. EDT, with economists predicting a rise to around 568,000 in April compared to 549,000 a month earlier.
Other data set for release includes April's industrial output figures at 9:15 a.m. EDT.
Earnings results will also be in focus, with Wal-Mart
In company news, New York Attorney General Eric Schneiderman is investigating big banks like Bank of America Corp
Mining equipment maker Joy Global
On the economic front, The United States reached the legal limits of its borrowing authority on Monday as a top Republican increased his party's demand for deep spending cuts as part of any increase.
In a sign of caution ahead for Japanese growth, the Bank of Japan's Governor said the country's economy was in a very severe state due to damage from the March earthquake, signaling that the central bank was sticking to its loose monetary policy stance.
European shares on the FTSEurofirst 300 <.FTEU3> were slightly lower in early trade, on track to fall for the fourth straight session.
(Reporting by Harpreet Bhal; Editing by Hans Peters)