Wall Street Braces for Tariff Twists: A Market on Edge

Wall Street's main indexes gear up for a slight uptick amidst uncertainty over U.S. tariffs. President Trump's flexible stance has sparked a rally in stocks like Nvidia and Tesla but left investors wary of forthcoming policies. Economic indicators hint at continued volatility and cautious market approach.

Wall Street's main indexes prepared to inch higher on Tuesday morning, navigating the turbulent waters of potential U.S. tariff changes. Despite President Donald Trump's indication of softened tariff enforcement for some nations, the market's reaction remains cautious amid the brewing economic storm.

Nvidia and Tesla led the tech rally with impressive gains, lifting the Nasdaq and S&P 500 to two-week highs. Nonetheless, investors maintain a wary eye on Trump's possible two-step tariff plan, mindful of the volatility that might ensue before the April 2 deadline.

As Treasury yields climb and consumer confidence data looms, economic forecasts suggest a decline in sentiment amid slow inflation progress. Meanwhile, market participants remain attentive to the forthcoming personal consumption expenditures price index, the Fed's go-to inflation measure, set for release on Friday.

(With inputs from agencies.)