Wall Street futures surged on Monday as investors remained optimistic about a more restrained approach to U.S. tariffs. They were also awaiting economic data to gauge the strength of the U.S. economy and inflation trends.

Reports suggest that the Trump administration may exempt certain sector-specific tariffs while imposing reciprocal levies on April 2. This news boosted market sentiment in early trading.

Following Trump's hints of flexibility on upcoming tariffs, major U.S. stock indexes saw slight gains on Friday and recorded weekly increases. Financial markets have been volatile amid concerns of a potential economic slowdown due to recent tariff announcements by Trump on key trading partners like China, Mexico, and Canada.

Despite a significant drop in the benchmark S&P 500 and Nasdaq indices by 10% from their peak levels, U.S. stocks appear to have stabilized after a prolonged sell-off.

In early trading, S&P 500 E-minis, Nasdaq 100 E-minis, and Dow E-minis were all up, reflecting positive market sentiment. Investors are also anticipating upcoming economic reports, including business activity data for March, weekly jobless claims, and the Personal Consumption Expenditure (PCE) price index, which is a key measure of inflation preferred by the Federal Reserve.

Tech stocks showed strength in premarket trading, with companies like Amazon, Nvidia, and Apple seeing gains. On the other hand, Super Micro Computer experienced a dip following a downgrade by Goldman Sachs.

As investors brace for a busy week of economic updates and market developments, all eyes are on how the ongoing tariff discussions and economic indicators will shape market dynamics moving forward.