US stocks were expected to rise on Tuesday following gains on major indexes, with investors monitoring President Trump's stance on upcoming tariffs. The S&P 500 and Nasdaq Composite were up by approximately 0.2%, while the Dow Jones Industrial Average also experienced a 0.2% increase.

Investors remained cautious amid uncertainty surrounding the extent of Trump's tariff plans. The market rallied on Monday after indications that the administration might ease tariffs set for April 2, with Trump suggesting potential exemptions for various countries.

However, Trump announced intentions to impose new tariffs on the pharmaceutical and auto industries shortly. Additionally, he revealed plans for a "secondary tariff" on countries purchasing oil or gas from Venezuela.

Concerns about a potential US recession persisted due to fears related to tariffs and government job cuts. To gauge the economy's status, investors awaited reports on consumer confidence and February's new home sales later in the day.

Shares of Tesla were fluctuating in early trading following a significant surge on Monday. This week, quarterly earnings reports from Lululemon, GameStop, and Dollar Tree were scheduled, with GameStop poised to announce results on Tuesday.