(Reuters) – U.S. stock index futures were flat to slightly higher on Tuesday as caution kicked in ahead of a set of economic data releases and as investors were bracing themselves for any glimpse of the policies of the incoming Trump administration.

At 5:42 a.m. ET, the Dow E-mini was up 32 points, or 0.07%, the S&P 500 E-mini was up 6.5 points, or 0.11%, and the Nasdaq 100 E- mini rose 20.25 points, or 0.09%.

On investors’ radar will be November’s job openings and labor turnover survey and December’s data from the Institute for Supply Management on services activity, both due at 10 a.m. ET.

The key non-farm payrolls figure is also due later in the week and any sign of continued resilience in the economy is likely to push back expectations about the pace of the Federal Reserve’s monetary easing cycle this year .

The yield on the 10-year Treasury note has risen since early December and is trading at 4.6%, near its highest level since May 2024.

Traders see the central bank taking a dovish stance for the first time this year in June, according to CME Group’s FedWatch tool, after the Fed forecast 50 basis points of rate cuts in 2025. Minutes of the meeting on December central bank must be delivered on Wednesday.

Comments from Richmond Fed President Thomas Barkin are expected on Tuesday. He and his colleagues have widely warned against the risks of inflation and the need to keep borrowing costs tight for longer as Trump takes over the Oval Office later this month.

In the previous session, the benchmark S&P 500 and Nasdaq closed ahead of one-week highs after President-elect Donald Trump denied a report that his team was exploring less aggressive tariff policies, sparking uncertainty among market participants about his plans.

Analysts widely say that Trump’s campaign promises, such as tax cuts, tariffs and looser regulations, if implemented, could boost the economy, although they could increase upside risks to inflation and slow the pace of the Fed’s easing cycle. In addition, his tariff plans if acted upon could also trigger a trade war between the country’s main partners.

Among premarket engines, Nvidia rose 1.6 percent on the day after the second-largest U.S. company unveiled new products and partnerships at a major annual technology conference in Las Vegas.

Micron Technology rose 5.4% after Nvidia boss Jensen Huang said the chipmaker was providing memory for the AI-bellwether’s GeForce RTX 50 Blackwell family of gaming chips.

Self-driving technology maker Aurora Innovation surged 44.4% after announcing a long-term partnership with Nvidia and Germany’s Continental to deploy driverless trucks at scale.

(Reporting by Johann M Cherian in Bangalore; Editing by Maju Samuel)