From Nasdaq:

Investors were cautious ahead of key economic data, including an inflation report, that would influence expectations for interest rate cuts by the Federal Reserve. Wall Street was poised for a quiet opening on Tuesday, with traders closely monitoring market developments.

In other news, The International Monetary Fund (IMF) warned that escalating trade tensions could significantly harm global economic growth. The IMF noted that the uncertainty surrounding trade policies was leading to reduced investment and disrupted supply chains, posing a threat to the world economy.

Meanwhile, Tesla announced plans to raise up to $2.3 billion in capital through a combination of common stock and convertible senior notes. The electric carmaker aims to strengthen its balance sheet and increase liquidity as it continues to face challenges in manufacturing and delivering vehicles at scale.



Read more at Nasdaq: Wall Street set for muted open ahead of economic data