On the data front, there will be consumer confidence numbers, housing vacancies and the Richmond Fed surveys due at 10 a.m. ET. The Dallas Fed services survey will be out at 10:30 a.m. ET.

The Fed is starting Tuesday its two-day meeting, with traders contemplating rising coronavirus cases and a Republican virus relief plan, which was unveiled on Monday.

Meanwhile, the Treasury will auction $24 billion in two-year floating rate notes and $44 billion in seven-year notes.