Stock index futures pointed to a higher open on Wall Street on Tuesday after the previous session's bout of profit taking.

At 4:52 a.m. EDT, futures for the S&P 500 were up 0.4 percent, Dow Jones futures were up 0.4 percent and Nasdaq 100 futures were up 0.6 percent.

Ford Motor Co. will be in focus after it said late on Monday that it would sell 300 million common shares and use part of the proceeds to pay off its healthcare obligations to the United Auto Workers under the terms of a recently concluded deal with the union. Ford shares traded in Frankfurt were down 6.4 percent.

Bank of America sold about $7.3 billion worth of shares in China Construction Bank <601939.SS> to a group of investors, a source said on Tuesday, as the struggling U.S. bank seeks to raise cash. Bank of America shares in Frankfurt eased 0.2 percent.

Boeing Co will also be in the spotlight after Airbus parent EADS posted a 70 percent slide in first-quarter operating profit after a new charge for its delayed A400M military transport plane, and cut its forecast for civil plane orders, pushing its shares down 6 percent.

In the auto sector, Japan's Nissan Motor Co <7201.T> lost $2.4 billion in the fourth quarter amid a global slump in car sales, and forecast more losses for the current year as it puts product launches and growth plans on hold to conserve cash.

On the macro front, Chinese exports fell more steeply than expected in April, overshadowing strength in capital spending and casting fresh doubt on how solid the prospects for recovery are in the world's third-largest economy.

Asian stocks fell on Tuesday, while European equities were up in morning trade, keeping their two-month rally alive, led by a number of banking stocks such as Credit Suisse and Societe Generale as well as telecom shares such as Vodafone and Deutsche Telekom .

After the closing bell on Monday, shares of Rosetta Stone Inc dropped 14 percent after the language instruction company posted first-quarter results, while MBIA Inc shares jumped more than 18 percent after the financial guarantor posted quarterly results. Shares of Bank of New York Mellon Corp dropped 2 percent to $29 after the bank announced a $1 billion stock offering.

Tuesday's earnings diary includes reports from Warnaco Group Inc and Applied Materials , while the economic diary includes data on international trade, from the Redbook as well as the federal budget.

U.S. stocks fell on Monday as investors booked profits in financials after a two-month run-up and news of several banks' share offerings heightened worries about their dilutive impact on current shareholders.

The Dow Jones industrial average <.DJI> shed 155.88 points, or 1.82 percent, to 8,418.77. The Standard & Poor's 500 Index <.SPX> declined 19.99 points, or 2.15 percent, to 909.24. The Nasdaq Composite Index <.IXIC> dipped 7.76 points, or 0.45 percent, to 1,731.24.

Since reaching historical lows in early March, the Dow Jones industrial average is up 30.1 percent and the S&P 500 is up 36.4 percent.

(Reporting by Blaise Robinson; editing by John Stonestreet)

Japan Investment Bank of america