US pre-open: Futures in the green after solid earnings from Home Depot and Macy's

Wall Street futures were in the green ahead of the bell on Tuesday following solid earnings from Home Depot and Macy's and a rebound in tech stocks.

As of 1225 BST, Dow Jones futures were up 0.44%, while S&P 500 and Nasdaq-100 futures were 0.30% and 0.24% higher, respectively.

The Dow closed 54.34 points lower on Monday, cutting into gains recorded in the final session of last week's otherwise lacklustre stretch for the Street.

SpreadEx's Connor Campbell said: "The US open is set to keep the good times coming this afternoon. And even though the Dow Jones is looking at a behind-the-pace 0.3% increase, that translates to a 100-point rise, and would lift the index back past 34,430. It would only take one giddy spurt of optimistic sentiment, then, to get the Dow back to its 35,000-crossing all-time highs."

Home Depot shares surged in pre-market trading after posting a quarterly earning per share of $3.83, significantly better than the $3.08 per share predicted by analysts on the Street, driven by a 32.7% increase in net sales throughout the period, while Macy's also climbed after revealing blowout quarterly earnings and raising its full-year guidance.

Walmart was also scheduled to publish its latest quarterly report card prior to the open.

Also in focus before the bell were the likes of Facebook, Amazon, Apple and Microsoft, which all traded higher after taking a beating in the last few sessions amid inflationary concerns.

On the macro front, April housing starts and building permit figures were slated for publication at 1330 BST.