Stock futures were lower on Tuesday, Nov. 14, as investors grappled with uncertainty over the fate of U.S. tax legislation and swallowed signals of slowing growth in China.

Dow Jones Industrial Average futures dipped 39 points, or 0.17%. S&P 500 Index futures fell 5 points, or 0.2%, while Nasdaq futures tipped lower by 6 points, or 0.1%.

The Dow Jones Industrial Average and S&P 500 snapped two-day losing streaks on Monday, Nov. 13, despite Dow component General Electric Co. (GE) - Get Report posting its worst performance since 2009 after announcing it would slash its dividend in half.

Republicans in the House assert they'll have enough votes to pass their version of tax reform this week. The Senate GOP plan, though, might face more of a struggle. That version would add $1.5 trillion to the federal deficit over 10 years and eliminate widely regarded deductions such as state and local taxes. The proposed bill requires 60 votes for passage, meaning legislators will have to lobby for votes from across the aisle. President Donald Trump is expected to address lawmakers on tax legislation Thursday, Nov. 16. 

Economic data from China showed the country had firm gains in retail sales and industrial outputs, but figures missed economists' estimates and suggested slowing growth in the country. According to the National Bureau of Statistics, China's retail sales last month increased 10% from the same time last year. Industrial output was 6.2% higher than a year earlier, but Wall Street had expected it would grow 6.3% in October.

The U.S. Producer Price Index for October increased 0.4%, topping expectations the figure would grow 0.1%.

Home Depot Inc. (HD) - Get Report reported third-quarter earnings of $1.84 a share early Tuesday, topping forecasts by 2 cents. Revenue of $25.03 billion also topped Wall Street estimates. Shares gained 0.12% to $165.91 in premarket trading on Tuesday.

Home Depot continues to outperform others in retail.

Advance Auto Parts Inc. (AAP) - Get Report topped Wall Street's expectations with adjusted earnings of $1.43 a share in the third quarter. FactSet analysts forecast earnings of $1.21 for the Roanoke, Va.-based auto parts retailer. 

The company's same-store sales posted a wider-than-expected decline, down 3.4% compared to expectations of a 2.1% drop. Revenue also missed forecasts, totaling $2.18 billion for the quarter compared to expectations of $2.21 billion.

Shares climbed 14.6% to $94.20 in premarket action Tuesday. Since the start of the year, the stock has shed over 50% of its value.

Dick's Sporting Goods Inc. (DKS) - Get Report beat third-quarter estimates Tuesday, posting adjusted per share earnings of 30 cents and topping analysts' expectations of 26 cents. Revenue beat forecasts, too, totaling $1.94 billion compared to estimates of $1.89 billion for the three months ended Oct. 30. Same-store sales fell 0.9% in the quarter, which was a narrower-than-expected decline. The company's rosy earnings beat was muted by its updated outlook: Dick's said 2018 earnings could fall as much as 20%. Shares dipped 3.3% to $25.45 in premarket trading.

Earnings reports are also expected Tuesday from TJX Cos. (TJX) - Get Report

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Private-equity firm Roark Capital Group reportedly has made a $2.3 billion bid for casual dining chain Buffalo Wild Wings Inc. (BWLD)  . The bid came just months after CEO Sally Smith announced she would retire by year-end amid pressure from activist investors.

Shares of Buffalo Wild Wings soared 27% to $150 in premarket trading Tuesday, following a report about the bid from The Wall Street Journal late Monday.

Roark has a history of acquiring struggling casual dining chains and turning them around, as was the case with Arby's, which it bought in 2011, and Auntie Anne's Inc., which it purchased in 2010.

But some industry sources said Buffalo Wild Wings has enough livelihood to fend for itself, especially as investors were already optimistic about the prospects for a new CEO. The Minneapolis-based company beat Wall Street expectations last month with its third-quarter earnings report.

"We don't believe the Buffalo Wild Wings brand is dead. It still has good mindshare with consumers," said Jeremy Hamblin, a senior analyst at Dougherty & Co. "You can argue that most restaurant operators have struggled in recent years because of higher labor costs and lower traffic trends in casual dining."

Anheuser-Busch Inbev SA (BUD) - Get Report  shares extended declines in premarket trading Tuesday after the world's biggest brewer shifted around its North America leadership team amid questions over the sustained weakness of its domestic beer sales.

AB InBev tapped Michel Doukeris to head its North America division and replace João Castro Neves in a bid to stem falling U.S. sales, where its Bud Light brand holds a 19% market share but is facing persistent challenges from microbrewers and changing consumer habits.

In October, the company reported a 6.1% decline in total volume in the third quarter and Budweiser revenues declined by 2.2%. Sales in the U.S. have been under pressure from craft beers, with the company's market share in the U.S. falling to 44.1% in 2016 from 50.6% in 2008, according to research firm Euromonitor International.

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