On Tuesday, US stock index futures squeezed higher, increasing momentum from a tech-powered rally in the previous session that witnessed the Nasdaq hit a record high, with Home Depot setting a positive tone for a bunch of business revisions from main retailers.

The home improvement chain (HD) increased 2.8% in premarket trade, placing it to hit a record high, after its quarterly comparable same-store sales were much higher than anticipated, as people fixated on home repair while remaining indoors. 

Markets were now looking towards main retailers to determine the American consumers flexibility against the coronavirus pandemic in the second quarter. Their reports will end with a better-than-feared returns season.