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Futures: Dow down 0.08%, S&P 500 up 0.12%, Nasdaq up 0.31%

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Tesla stock up after steep losses in previous session

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Minutes of Fed June rate meeting due on Wednesday

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Solar stocks fall as Trump seeks to end tax credits

(Updates with prices, analyst comment before the opening bell)

By Pranav Kashyap and Nikhil Sharma

July 8 (Reuters) - The S&P 500 and the Nasdaq were

poised for a higher open on Tuesday, as investors hoped that

upcoming trade talks with trading partners could defuse the

threat of a full-blown trade war, rekindled by President Donald

Trump's latest tariff salvo.

On Monday, Trump warned partners from Japan and South Korea

to smaller players that steep new U.S. tariffs would kick in

from Aug. 1 - though he left the door open to delays if

countries come forward with fresh proposals.

The Dow closed nearly 1% lower on Monday, while the

S&P 500 and the Nasdaq closed down 0.8% and 0.9%,

respectively, following the tariff announcement.

Wall Street is, however, recovering. At 08:20 a.m. ET, Dow

E-minis were down 36 points, or 0.08%, S&P 500 E-minis

were up 7.75 points, or 0.12%, and Nasdaq 100 E-minis

were up 69.5 points, or 0.31%.

In mega-cap stocks, shares of Tesla rebounded 1.1%

in premarket trading after the stock recorded its steepest

single-day fall in nearly a month on Monday.

"The market's taking comfort from the fact that the can has

been kicked further down the road and the expectation remains

that the bark is a lot worse than the bite," said Ben Laidler,

head of equity strategy at Bradesco BBI.

The market reaction is in stark contrast to the sharp

selloff that followed "Liberation Day" tariff announcements

three months ago - a rout that plunged the Nasdaq into bear

territory and sent the Dow and S&P 500 into correction.

Since then, Wall Street has rebounded, with the Nasdaq and

S&P 500 both notching record highs last week, buoyed by a robust

labor market that helped quiet recession worries.

"We have not seen any dramatic economic consequences from

big increase in tariffs," Laidler added.

The U.S. has so far reached trade agreements with only

Britain and Vietnam. In June, Washington and Beijing agreed on a

framework covering tariff rates, restoring a fragile truce in

their trade war.

Goldman Sachs has raised its three-, six- and 12-month

return forecasts for the S&P 500, citing expectations of U.S.

interest rate cuts and continued fundamental strength of major

large-cap stocks as key drivers of its positive outlook.

Traders have now all but ruled out a July rate cut from the

Federal Reserve, putting the odds of a September cut at around

60%, according to the CME FedWatch tool.

Minutes of the Fed's June rate-setting meeting are scheduled

for release on Wednesday, which will offer investors more

clarity on when the central bank might resume its policy easing

cycle.

Shares of solar stocks fell after Trump on Monday directed

federal agencies to strengthen provisions in the One Big

Beautiful Bill Act that repeal or modify tax credits for solar

and wind energy projects.

SunRun ( RUN ) fell 6.9% and SolarEdge Technologies ( SEDG )

dropped 7.4%.

Meanwhile, it's a quiet week on the economic front, with the

only notable data expected on Thursday on initial jobless

claims. The Fed calendar is equally sparse, featuring just two

district presidents slated to speak.