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Questions about Trump's ability to prevail over Congress
surfaced after Republicans were forced to withdraw a bill to
reform the American healthcare system on Friday.
However, losses on Wall Street were kept in check on hopes that
Trump would be able to deliver on his pledge to lower taxes - a
proposition that has driven a record-breaking rally on Wall
Street.
The White House late Monday said it would take a lead role in
crafting legislation to reform the U.S. tax code, with an August
target date.
The dollar traded slightly higher on Tuesday, recovering from
the lowest level it hit since the November presidential election
on Monday, while gold prices came off their one-month high.
The Conference Board will issue a report, which is likely to
show consumer confidence at 114.0 in March, slightly below 114.8
in February. The data is due at 10:00 a.m. ET.
Federal Reserve Chair Janet Yellen speaks at a conference in
Washington at 12:50 p.m. ET and could provide some insight into
the timing of the central bank's next interest rate hike.
Other Fed officials scheduled to make appearances include Fed
Board Governor Jerome Powell, Dallas Fed President Robert Kaplan
and his Kansas City counterpart, Esther George.
Shares of Ford <F.N> rose 0.96 percent at $11.57 in premarket
trading after Trump tweeted that the U.S. automaker would make a
major announcement regarding three plants in Michigan.
Red Hat <RHT.N> was up 4.7 percent at $86.10 in light premarket
trading after the Linux operating system distributor reported
quarterly revenue that beat analysts' expectations.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
Anil D'Silva)
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