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Futures up: Dow 0.14%, S&P 500 0.2%, Nasdaq 0.17%

June 4 (Reuters) - U.S. stock index futures edged higher

on Wednesday as Hewlett Packard Enterprise's ( HPE ) results fanned AI

optimism and tech shares gained, while investors awaited fresh

data to better gauge the economic impact of President Donald

Trump's tariffs.

Shares of HPE rose nearly 6% in premarket

trading as demand for the company's artificial-intelligence

servers and hybrid cloud segment helped it beat estimates for

second-quarter revenue and profit.

AI chip leader Nvidia ( NVDA ) rose 1%, extending gains from

early this week. Other chipmakers including Broadcom ( AVGO )

and Advanced Micro Devices ( AMD ) also climbed.

A gauge of global stocks touched record

highs despite uncertainty around U.S. trade policies.

Washington doubled its tariffs on steel and aluminum imports

on Wednesday, which is also the target Trump had set for trading

partners to make their best offers to avoid other punishing

import levies from taking effect in early July.

The tariffs on imported steel and aluminum will jump to 50%

from the 25% rate introduced in March.

Investor focus is squarely on tariff negotiations between

Washington and its trading partners, with Trump and Chinese

leader Xi Jinping expected to speak sometime this week as

tensions between the world's top two economies simmer.

"All eyes are on China given it is currently the biggest

loser from Trump's new trade policy, and it looks like we're

still some way off from a deal between the two countries," said

Russ Mould, investment director at AJ Bell.

At 06:03 a.m. ET, Dow E-minis were up 60 points, or

0.14%, S&P 500 E-minis were up 12 points, or 0.2%, and

Nasdaq 100 E-minis were up 37.75 points, or 0.17%

May was the best month for the S&P 500 index and the

tech-heavy Nasdaq since November 2023, thanks to a

softening of Trump's harsh trade stance.

With fresh tariff announcements in place, the S&P 500

remains about 3% away from its record highs touched in February.

Barclays joined a slew of other brokerages in raising its

year-end price target for the S&P 500, pointing to easing trade

uncertainty and expectations of normalized earnings growth in

2026.

Data scheduled for Wednesday includes ADP National

Employment data for May as well as S&P Global and ISM's services

sector activity readings for May.

Ahead of a U.S. central bank meeting next week, monthly jobs

data due on Friday will likely offer more signs on how trade

uncertainty is affecting the U.S. economy.

Among other early movers, Wells Fargo ( WFC ) shares rose

3.6% after the U.S. Federal Reserve removed a $1.95 trillion

asset cap imposed in 2018 following years of missteps.

Shares of cybersecurity firm CrowdStrike ( CRWD ) fell 6.9%

after it forecast quarterly revenue below estimates.