By TheStreet
U.S. equity futures nudged lower in early Tuesday trading as investors hit pause on one of the strongest rallies of the year heading into a key inflation reading prior to the opening bell.
Stocks ended firmly higher on Monday, with the S&P 500 rising 3.26% for its strongest single-day gain in six weeks following a weekend deal between the U.S. and China to pause reciprocal tariffs for at least three months.
The benchmark also closed north of its 200-day moving average, a key performance indicator, for the first time since March. The Nasdaq, meanwhile, rose 4.35% to lift the tech-centered index into bull market territory, just a month after it booked a 20% bear market slump from its late December peak.
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