Stock futures rise as Dow and S&P 500 aim for 4-day winning streak

Stock futures rose Tuesday morning, putting the major averages on track to build on the previous session's gains, as traders awaited key economic data.

Futures on the Dow Jones Industrial Average rose 139 points, or 0.4%. S&P 500 futures were up 0.5%, while Nasdaq 100 futures climbed 0.6%.

Consumer confidence and home price data to be released Tuesday, ahead of Friday's monthly jobs report. Economists expect to see 460,000 jobs added in March and the unemployment rate to fall to 3.7%, according to Dow Jones estimates.

Traders are also monitoring the latest developments in the Ukraine-Russia war, as peace talks get under way in Turkey. To be sure, both sides have said they are not close to reaching a deal. Ahead of the negotiations, Ukrainian Foreign Minister Dmytro Kuleba said on that "nothing is agreed upon unless everything is agreed upon."

Meanwhile, the U.K. warned that Russian troops still pose a "significant threat" to the Ukrainian capital of Kyiv, noting that Russia is reorganizing its forces.

On Monday, the Dow and S&P 500 rose 94.65 points and 0.7%, respectively, to notch three-day winning streaks. The Nasdaq was the big outperformer, jumping 1.3%.

"I think anyone has to be impressed with the resiliency of the market and I go back to there is no alternative," Erin Browne, PIMCO's managing director and portfolio manager told CNBC's "Closing Bell: Overtime" on Monday. "Do you want to invest in bonds when you know that the Fed is raising rates or do you want to invest in equities where you can get some type of dividend return, you can get real earnings growth and it's gonna give you a comfortable return in your portfolios?"

Meanwhile, the 5-year Treasury note rose above the 30-year on Monday, marking the first inversion since 2006. The shift stoked some recession fears, although economists typically watch the spread between the 2-year and 10-year rate, which remains positive.