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Futures up: Dow 0.07%, S&P 500 0.11%, Nasdaq 0.09%

Jan 7 (Reuters) - U.S. stock index futures were flat to

marginally higher on Tuesday as caution set in ahead of a set of

economic data releases and as investors braced for any insights

into the incoming Trump administration's policies.

At 5:42 a.m. ET, Dow E-minis were up 32 points, or

0.07%, S&P 500 E-minis were up 6.5 points, or 0.11% and

Nasdaq 100 E-minis were up 20.25 points, or 0.09%.

Top on investors radar will be the Job Openings and Labor

Turnover survey for November and the Institute for Supply

Management's data on services activity for December, both of

which are due at 10 a.m. ET.

The key non-farm payrolls figure is also due later in the

week and any signs of continued resilience in the economy is

likely to push back expectations on 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, as per the CME Group's FedWatch

tool, after the Fed forecast 50 basis points worth of rate cuts

in 2025. Minutes from the central bank's December meeting are

due on Wednesday.

On Tuesday, comments from Richmond Fed President Thomas

Barkin are awaited. He and his colleagues have widely cautioned

against inflation risks and the need to keep borrowing costs

restrictive for longer as Trump takes charge of the Oval office

later this month.

In the previous session, the benchmark S&P 500 and

the Nasdaq closed short of one-week highs after

President-elect Donald Trump's denial of a report that his team

was exploring less aggressive tariff policies, spewed

uncertainty among market participants about his plans.

Analysts widely say Trump's campaign pledges such as tax

cuts, tariffs and loose regulation if implemented could

invigorate the economy, although it could increase upside risk

to inflation and slow down the pace of the Fed's easing cycle.

Further, his tariff plans if acted upon could also spark a trade

war among the country's top partners.

Among premarket movers, Nvidia ( NVDA ) rose 1.6% a day

after the second-largest listed U.S. company unveiled new

products and partnerships at a major annual tech conference in

Las Vegas.

Micron Technology ( MU ) rose 5.4% after Nvidia ( NVDA ) 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 ( AUR )

jumped 44.4% after announcing a long-term partnership with

Nvidia ( NVDA ) and Germany's Continental to deploy driverless

trucks at scale.