Stock futures were lower on Tuesday after U.S. consumer prices inched upward in April and industrial production rose double estimates. 

S&P 500 futures were down 0.24%, Dow Jones Industrial Average futures fell 0.23%, and Nasdaq futures slipped 0.14%.

Industrial production increased 0.7%, its biggest gain since November 2014. Economists had expected industrial activity to expand 0.3% in April. 

Consumer prices rose 0.4% in April, slightly higher than a forecast 0.3% increase. Core prices, excluding food and energy, climbed 0.2%, as analysts had expected. Core consumer prices over the past 12 months rose 2.1%. 

Housing starts rose 6.6% in April to a rate of 1.17 million. Home-builder permits increased 3.6% to 1.12 million. 

Apple(AAPL) - Get Report reclaimed its crown as the world's largest company on Monday after a Warren Buffett-inspired rally pulled the iPhone maker back from last week's multi-year lows. Buffett's Berkshire Hathaway(BRK.A) - Get Report disclosed a stake in Apple worth nearly $900 million on Monday morning.

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David Einhorn's hedge fund Greenlight Capital also jumped in on Apple, increasing its holdings in the tech giant and Yahoo! (YHOO) during the first quarter. Greenlight purchased 1.9 million Apple shares, boosting its position to 8.2 million. 

Crude oil appeared to stabilize on Tuesday morning, trading at seven-month highs, as production outages in Nigeria and decreased production from a wildfire-stricken Alberta region relieved a supply glut. Crude hit highs on Monday after Goldman Sachs analysts turned bullish on the oil market, predicting a $50 level in the back half of the year. 

West Texas Intermediate crude oil was trading at $47.87 a barrel on Tuesday. 

Home Depot(HD) - Get Report was slightly higher in premarket trading after topping first-quarter forecasts and raising its full-year guidance. The DIY retail chain earned an adjusted $1.44 a share in its recent quarter, 8 cents above estimates. The retailer benefited from a robust housing market and customer appetite for home-improvement projects even as overall retail trends suffered in the start to the year.  

Lending Club(LC) - Get Report tumbled 14% after disclosing it had received a federal subpoena only days after the forced resignation of CEO Renaud Laplanche over the failure to report improper loan sales. The peer-to-peer lender's subpoena concerned "non-conforming sales" likely tied to the $22 million in loans sold in March and April to an investor which didn't fit criteria.