US stock futures nudged lower on Tuesday after a solid day in the green for the major gauges, as investors weighed whether President Trump would temper his plans for reciprocal tariffs.
Futures on both the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) inched down 0.1%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) slipped 0.2%.
Uncertainty about the scope of Trump’s upcoming tariffs has investors treading carefully. Stocks soared on Monday amid signs the administration could scale back duties due on April 2, with the president saying he “may give a lot of countries breaks.”
At the same time, though, Trump said fresh tariffs on pharmaceutical and autos sectors are still due in the “near future.”
As of 5:44:44 AM EDT. Market Open.
YM=F ES=F NQ=F
Meanwhile, worries about a risk of US recession persist as fears of tariffs and federal layoffs make headlines. Investors looking for fresh data on the economy’s health will get readings on consumer confidence and February’s new home sales later Tuesday.
Quarterly earnings reports from Lululemon (LULU), GameStop (GME), and Dollar Tree (DLTR) are all due this week, with GameStop set to headline Tuesday’s releases.
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