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Futures off: Dow 0.1%, S&P 500 0.08%, Nasdaq 0.15%

March 25 (Reuters) - U.S. stock index futures dipped on

Tuesday, a day after Wall Street indexes surged to two-week

highs on hints that the Trump administration might adopt a

softer approach to tariffs.

U.S. President Donald Trump said on Monday that not all of his

threatened levies would be imposed on April 2 and some countries

may get breaks, a move Wall Street took as a sign of flexibility

on a matter that has roiled markets for weeks.

The benchmark S&P 500 and the tech-heavy Nasdaq

closed at their highest level in over two weeks,

propelled by a rally in megacap stocks including Nvidia ( NVDA )

and Tesla.

However, futures lost some ground on Tuesday as uncertainty

over the scope of Trump's tariffs weighed on sentiment.

"Just because the bite isn't going to be as bad doesn't mean

it's not going to hurt. This is a classic 'buy the rumor, sell

the fact' we're seeing," said Daniela Hathorn, senior market

analyst at Capital.com.

"There's still a lot of weakness in the equity market.

Eventually, it's going to turn lower and buyers don't want to be

caught out on the wrong side of the trade."

Tesla slipped 0.4% in premarket trade following a near 12%

surge a day earlier.

The company's market share in Europe continued to shrink

year-on-year in February, data showed, as sales of the

all-electric car maker dropped for a second month despite rising

EV registrations overall on the continent.

KB Home's ( KBH ) shares fell 8% as the homebuilder cut its

full-year 2025 revenue forecast.

At 5:55 a.m. ET, S&P 500 E-minis were down 4.75

points, or 0.08%, Nasdaq 100 E-minis were down 31.25

points, or 0.15%, Dow E-minis were down 42 points, or

0.1%.

Speeches from Federal Reserve Board Governor Adriana Kugler

and Federal Reserve Bank of New York President John Williams are

due later in the day.

A slew of economic indicators is set to be released this

week, including consumer confidence for March, which is due at

10:00 a.m ET on Tuesday.

Forecasts point to a further deterioration in consumer

sentiment, following an eight-month low in February.

The most eagerly anticipated release is Friday's personal

consumption expenditures price index, the Fed's preferred

inflation indicator, which consensus forecasts suggest will hold

steady but remain above the Fed's 2% target.