NEW YORK (CNNMoney) Markets may pause to reflect Tuesday after sinking into the red for the year as highly volatile growth stocks took another beating. Investor sentiment has turned fearful over the past week on rising concern that some valuations have become stretched at a time of modest earnings growth.
U.S. stock futures for all three major indexes were edging higher.
U.S. stocks closed in the red Monday. The Nasdaq closed down more than 1% after sliding a combined 3.6% on Thursday and Friday. The Dow and S&P 500 also fell more than 1%. All three major U.S. stock indexes are now negative for the year.
In corporate news Tuesday, Alcoa (AA, Fortune 500) will report earnings after the closing bell.
European markets were little changed in early trading, showing some resilience in the face of Wall Street's sharp sell-off yesterday.
Asian markets were a mixed bag on Tuesday. Tokyo's Nikkei fell 1.4% as the central bank ended a policy meeting without any hint of further economic stimulus.
China's benchmark Shanghai Composite index rose 1.9%. Chinese markets, which were closed Monday for a holiday, have been supported by hopes the government will take steps to boost faltering growth. 
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