Stock futures were tilting higher Tuesday as markets looked to close out the first half of the year on a positive note.

The Dow was poised to build on the record high posted in the previous session as investors globally returned to risk.

Peace talks in the Middle East following weekend clashes have brought down oil prices, easing fears of inflation and supporting equities.

"While stock market enthusiasm has increased, we do not believe it has crossed the threshold into outright irrational exuberance," LPL Financial said.

Traders are watching the yen closely after the Japanese currency fell to a 40-year low against the dollar , raising traders' expectations of a government intervention.