NEW YORK (TheStreet) -- U.S. stock futures were edging higher on Tuesday after a selloff among tech and retail names left all benchmark indices in the red a day earlier. On Monday, the S&P 500 fell 0.68%, though still in range of its record high, while the Nasdaq tumbled more than 1%.
S&P futures added 0.13% early Tuesday, Dow Jones Industrial Average futures climbed 0.2%, and Nasdaq futures gained 0.17%.
Asian markets rallied into the market close with the Shanghai Composite up by 3.1% on speculation the People's Bank of China could introduce further easing measures. On Monday, a key metric for Chinese factory activity was released which showed November levels on the cusp of contraction.
European markets were mixed, with France's CAC 40 up and Germany's DAX down, after eurozone factory prices dipped at a faster-than-expected rate of 0.4% in October. Investors have been eager for the European Central Bank to increase stimulus to jumpstart the region's wilting growth. The ECB is expected to cut growth and inflation outlooks on Thursday.
After Black Friday sales declined double-digits, Cyber Monday sales looked more promising, according to data from IBM Digital Analytics. Sales over the day increased 8%, though below a projected increase of 13% to 15%. Major retailers including Macy's (M) , J.C. Penney (JCP) , and Kohl's (KSS) sold off over Monday's session.
Avanir Pharmaceuticals (AVNR) spiked 13.3% before the bell after Japan-based Otsuka Holdings agreed to purchase the company for $3.5 billion or $17 a share.
Fiat Chrysler (FCAU) reported its best November in 13 years with sales growth across its brands including a 27% jump in Jeep sales and 30% increase for Chrysler models. Shares added 3% premarket. General Motors (GM) and Ford (F) are scheduled to release November auto sales on Tuesday.
The U.S. Census Bureau's construction spending figures are due at 10 a.m. EST.
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-- Written by Keris Alison Lahiff in New York.