U.S. stock futures point to a lower opening as investors await more news on President Donald Trump's tariff plan and economic news.

April 2 will be a big day for Tesla. The company is due to report first quarter numbers. It’s also the day new tariffs could be imposed, impacting U.S. car makers.

Let us compare these variables to the beginning of Trump’s first year of his second term. The CPI was slightly higher at 3.0% in 2024 and the Fed funds rate currently sits at 4.25%-4.50%. Trump took office following an even stronger year in the stock market with the S&P 500 returning 23.31% last year.

Tom Lee, the co-founder and head of research at Fundstrat, says the move on Monday could mark the start of what he calls a “face ripper rally” with bullish momentum gaining traction.

Markets appear to be settling a day after a broad rally was fueled by hopes the Trump administration may take a more targeted approach to tariffs. Futures for the S&P 500, the Nasdaq and the Dow Jones Industrial Average all rose less than 0.

Wall Street Drifts and Trump Media Jumps Despite Souring Moods for US Consumers NEW YORK (AP) — Wall Street is quieter on Tuesday after roaring the day before on hopes that President Donald Trump’s tariffs may not be as sweeping as earlier feared.