07:13 AM EST, 02/25/2025 (MT Newswires) -- US equity indexes were tracking in the red before Tuesday's opening bell as President Donald Trump reaffirmed his plan to impose tariffs on Canada and Mexico.

Standard & Poor's 500 declined 0.2%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was off 0.4% in premarket activity. Asian exchanges were pointing lower while most European bourses were trending upwards midday on the continent.

Trump reportedly said on Monday that planned tariffs on Canada and Mexico "will go forward" after an implementation deadline expires next week, according to several media publications. Earlier in the month, the Trump administration delayed plans for 25% tariffs on goods from Canada and Mexico as the countries engaged in negotiations.

Shares of Home Depot ( HD ) decreased 1.9% pre-bell as the home retailer announced its latest quarterly results. Hims & Hers Health ( HIMS ) dropped 17% as the company reported fourth-quarter results. Palantir Technologies ( PLTR ) moved down 1.1%.

American Tower ( AMT ) , Sempra ( SRE ) , Keurig Dr Pepper ( KDP ) , Public Service Enterprise ( PEG ) , Amer Sports ( AS ) , Henry Schein (HSIC) and Planet Fitness ( PLNT ) report their latest financial results before the bell, among others. Intuit (INTU), Workday (WDAY), Keysight Technologies ( KEYS ) , Lucid Group ( LCID ) and Masimo ( MASI ) post earnings after the markets close.

On the economic calendar, the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for December, are due at 9 am ET. The Conference Board's consumer confidence report and the Richmond Fed Manufacturing Index, both for February, are scheduled for a 10 am release.

Federal Reserve Vice Chair for Supervision Michael Barr is slated to speak at 11:45 am, while Richmond Fed President Thomas Barkin speaks at 1 pm.

Before the opening bell, bitcoin fell 5.8% to $88,832, West Texas Intermediate crude oil slipped 0.1% to $70.65 a barrel, yields on 10-year Treasuries retreated 4.9 basis points to 4.34% and gold nudged 0.3% lower to $2,954 an ounce.