U.S. stock index futures slightly declined on Tuesday after a surge in Wall Street indexes to two-week highs on indications that the Trump administration could take a softer stance on tariffs. President Donald Trump mentioned on Monday that not all tariffs would be imposed on April 2, and some countries might receive exemptions, which market analysts interpreted as a sign of flexibility. The S&P 500 and Nasdaq reached their highest levels in over two weeks, driven by a rise in megacap stocks such as Nvidia and Tesla. Yet, futures showed a slight decrease on Tuesday due to uncertainty surrounding the extent of Trump's tariff plans.

Experts noted that even though the tariff impact might be less severe than anticipated, it could still have repercussions. Tesla's premarket trade slipped by 0.4% following a significant surge the prior day, and data revealed that its market share in Europe decreased in February. KB Home's shares dropped by 8% as the company trimmed its revenue forecast for 2025.

By early morning, S&P 500 E-minis were down 0.08%, Nasdaq 100 E-minis decreased by 0.15%, and Dow E-minis declined by 0.1%. Later in the day, speeches from Federal Reserve Board Governor Adriana Kugler and Federal Reserve Bank of New York President John Williams are scheduled. Additionally, several economic indicators will be released during the week, with consumer confidence data for March being released on Tuesday, expected to show further decline. The highly anticipated personal consumption expenditures price index will be released on Friday, with forecasts predicting it to remain above the Fed's 2% target.