U.S. stock futures edged slightly higher Tuesday after the major averages climbed on rising hopes that President Donald Trump will curtail his initial plans for broad-ranging tariffs. Investors also awaited consumer confidence figures that could sway the market later in the session. Futures tied to the S&P 500 and Nasdaq-100 futures each added about 0.2%. Dow Jones Industrial Average futures added 81 points, or 0.2%. The Conference Board’s consumer confidence index reading is scheduled for 10 a.m. ET. Economists polled by Dow Jones expect a print of 93.5, down from 98.3 in February. Wall Street remains on edge over a potential uptick in inflation and slowing economic growth as it awaits reciprocal tariffs from the Trump administration on April 2. During Monday’s session, traders grew optimistic on news that the White House may narrow the scope of tariffs going into effect, according to reports from The Wall Street Journal and Bloomberg News. Later Monday, Trump told the press that he “may give a lot of countries breaks” on reciprocal tariffs. He added that duties on certain sectors, such as pharmaceuticals and autos, would still be coming in the “near future.” The 30-stock Dow ended the previous session higher by nearly 600 points, or about 1.4%. The broad market S&P 500 added nearly 1.8%, while the tech-heavy Nasdaq Composite climbed 2.3%. Though the major averages posted back-to-back winning sessions on Monday, the gains come after a rocky past month for stocks. At one point earlier this month, the S&P 500 closed in correction territory. “Typically during market corrections, the stock market recovers almost as fast as it declines,” said Jim Elios, founder of Elios Financial Group. “So we believe that we are on the other side of this market correction and that stocks should continue to move higher, albeit with some volatility.” U.S. Treasury yields edged higher Tuesday following reports that President Donald Trump’s tariffs might be more limited in scope and sector-specific duties may be postponed. The benchmark 10-year Treasury note yield rose 2 basis points to 4.352%, with the 2-year Treasury gaining 1 basis point to 4.049%. Asia-Pacific markets traded mixed Tuesday as investors assessed U.S. President Donald Trump’s tariff threats. Hong Kong’s Hang Seng Index ended the day 2.35% lower at 23,344.25, while the Hang Seng Tech index plunged 3.82% to 5,517.52. Meanwhile, mainland China’s CSI 300 closed flat at 3,932.30. India’s benchmark Nifty 50 rose 0.32% while the broader BSE Sensex traded flat as at 1.45 p.m. local time. Japan’s benchmark Nikkei 225 ended the day 0.46% higher at 37,780.54, while the broader Topix index increased 0.24% to 2,797.52. Over in South Korea, the Kospi index fell 0.62% to 2,615.81 while the small-cap Kosdaq declined 1.24% to 711.26. Australia’s S&P/ASX 200 ended the day flat at 7,942.50. The country’s budget will be tabled by Treasurer Jim Chalmers at 7.30 p.m. Australian Eastern Daylight Time. Oil prices rose on Tuesday for a fifth day on concerns global supply will tighten after the U.S. announced tariffs on countries that buy Venezuelan crude. Brent crude futures were up 27 cents to $73.27 a barrel. U.S. West Texas Intermediate crude climbed 26 cents to $69.37. Both benchmarks gained more than 1% in the previous session after U.S. President Donald Trump announced a 25% tariff on countries importing oil and gas from Venezuela. Oil is Venezuela’s main export and China, which is already the subject of U.S. tariffs, is its largest buyer. Gold prices edged higher on Tuesday amid persistent uncertainty over impending reciprocal U.S. tariffs and their impact on the global economy. Spot gold rose 0.3% at $3,021.24 an ounce. U.S. gold futures firmed 0.3% to $3,025. Spot gold hit a record high of $3,057.21 on March 20.