US pre-open: Futures trade higher, tech stocks and reopening plays in focus again

Wall Street futures were in the green ahead of the bell on Tuesday as big tech and stocks tied to an economic reopening both trading higher ahead of the bell.

As of 1243 BST, Dow Jones futures were up 0.26%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.33% and 0.53% firmer, respectively.

The Dow closed 186.14 points higher on Monday, with both tech stocks and reopening plays leading the charge.

In focus prior to the open, shares in the likes of Facebook, Amazon, Apple, Microsoft, Netflix, Alphabet and Nvidia were all trading higher, as were airlines, cruise lines and Boeing.

Tesla, which holds a large amount of bitcoin, and newly-floated cryptocurrency exchange Coinbase were also in the green after bitcoin bounced back to around $38,000 early on Tuesday after falling below $32,000 on Sunday.

AvaTrade's Naeem Aslam said: "US stock futures are heading for a cautious open despite some decent gains on Wall Street yesterday. Inflation is still a major concern among investors and traders while they are also keeping a close eye on cryptocurrencies. If we look at the volatility index, it appears that traders are still favouring its price action as they are not fully sure about the risk-on trade."

On the macro front, March's house price index will be published at 1500 BST, while April new home sales and the Conference Board's May consumer confidence index will follow at 1600 BST.

In terms of earnings, AutoZone, Toll Brothers and Urban Outfitters will all report earnings throughout the course of the day.