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Futures up: Dow 0.7%, Nasdaq 1.1%, S&P 0.9%

March 24 (Reuters) - Wall Street futures jumped on

Monday, as investors held out hope for a more measured approach

to U.S. tariffs, and awaited economic data for signals on the

health of the U.S. economy and inflation.

U.S. President Donald Trump's administration is likely to

exclude a set of sector-specific tariffs while applying

reciprocal levies on April 2, according to media reports over

the weekend that helped sentiment in early trading.

The main U.S. stock indexes closed slightly higher on Friday and

marked weekly gains after Trump hinted at flexibility on a new

round of tariffs set to go into effect next month.

Financial markets have whipsawed over the past several weeks as

traders have been confronted by fears of a sharp U.S. economic

slowdown after Trump announced a series of tariffs last month on

some of its main trading partners including China, Mexico and

Canada.

However, U.S. stocks appear to have found a floor after

weeks-long selloff that pushed the benchmark S&P 500 and

the tech-heavy Nasdaq down by 10% from their record

highs - commonly known as correction.

By 6:10 a.m. ET, S&P 500 E-minis were up 53.75

points, or 0.94%. Nasdaq 100 E-minis climbed 228.5

points, or 1.14% and Dow E-minis added 306 points, or

0.72%.

Investors were also awaiting a slew of economic indicators

this week including business activity data for March, weekly

jobless claims and the Personal Consumption Expenditure (PCE)

price index - the Federal Reserve's preferred inflation gauge.

S&P Global's flash PMI readings later in the day are

expected to show U.S. manufacturing and services sector activity

slowed in March.

Technology stocks led the way higher in premarket trading.

Amazon.com ( AMZN ) rose 1.6%, Nvidia ( NVDA ) added 1.2% and

Apple ( AAPL ) gained 1%.

Super Micro Computer ( SMCI ) dipped 3% after a report said

Goldman Sachs downgraded the server maker to "sell."