) -- U.S. stock futures were pointing to a weaker open Tuesday on data showing stagnant economic growth in Germany in the second quarter.

Futures for the

Dow Jones Industrial Average

were down by 69 points, or 115 points below fair value, at 11,334. Futures for the

S&P 500

were lower by 12 points, or 16 points below fair value, at 1186, and


futures were off by 20 points, or 26 points below fair value.

Stocks surged Monday as a wave of deals news and signs of resilience in Japan's economy offset weak regional manufacturing data.


German economy only grew 0.1% in the second quarter, which was well below expectations for an increase of 0.5% and below the prior quarter's growth of 1.3%. The news, along with the meeting of French President Nicolas Sarkozy and German Chancellor Angela Merkel in Paris, will likely bring concerns about the European sovereign debt crisis back to the forefront.

The FTSE in London was losing 1.3%, and the DAX in Frankfurt was sinking 2.7%.

In Asia, Hong Kong's Hang Seng declined 0.2% while Japan's Nikkei added 0.2%.

Shortly before Tuesday's opening bell, ratings agency Fitch affirmed its AAA credit rating for the U.S. with a stable outlook.

In corporate news, Warren Buffet's

Berkshire Hathaway

(BRK.B) - Get Report

initiated a small stake in

Dollar General

(DG) - Get Report

, sending shares of the discount retail chain up 2.3% to $32.92.

Shares of

Evergreen Solar


were dropping 11.2% to 16 cents a share in early trading after the

solar panel maker filed for Chapter 11 bankruptcy.

In earnings news,

Home improvement retailer

Home Depot

(HD) - Get Report

topped analysts' estimates by 3 cents with a profit of 86 cents a share and upped its fiscal-year earnings outlook. Second-quarter sales of $20.03 billion also exceeded expectations for revenue of $19.96 billion.


(WMT) - Get Report

posted its ninth drop in U.S. same-store sales with a dip of 0.9%, but reported better-than-expected earnings of $1.09 a share on sales of $108.6 billion. Wall Street had forecasted a profit of $1.08 a share on revenue of $108.28 billion. Shares were gaining 1.5% to $50.71 ahead of Tuesday's opening bell.

Shares of

Urban Outfitters

(URBN) - Get Report

were losing 10.7% to $26.50 during the premarket session after the

apparel company said earnings fell to 35 cents a share in the second quarter, but topped analysts' expectations by 3 cents.

The Census Bureau said

housing starts fell 1.5% in July to 604,000 from 613,000 in June, which was milder than the 3.3% decline that economists had been expecting. Building permits dropped 3.2% to 597,000 from 617,000, falling short of a projected decrease of 2.9%.

The Labor Department said export prices, excluding agriculture, rose 0.2% in July after inching 0.1% higher in June.

Import prices, excluding oil, also ticked 0.2% higher after slipping by 0.1% in June.

The Federal Reserve said industrial production rose 0.9% in July, surpassing expectations for growth of only 0.4%. In June, production increased 0.4%. Capacity utilization jumped to 77.5% in July, from 76.9% in June. July's level exceeded analysts' forecasts for utilization of 77%, according to

The benchmark 10-year Treasury was up 17/32, diluting the yield to 2.265%. The dollar strengthened against a basket of currencies, with the dollar index up by 0.4%.


In commodity markets, the September crude oil contract was shedding $1.43 to trade at $86.45 a barrel. Gold for December delivery was up by $22.50 at $1,780.50 an ounce.

-- Written by Melinda Peer in New York


Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.