On Tuesday, US stock futures were slightly lower after a strong uptrend on Monday.
Yesterday, the market had jumped earlier, with the Dow Jones index up 0.99% to hit a new record high.
The S&P 500 and Nasdaq were also positive, rising 0.3% and 0.27% respectively.
Investors were optimistic about President-elect Donald Trump's plans and leadership choices.
Stimulating trading in the Asian session this morning, Trump reportedly warned of imposing a 25% tariff on goods from Mexico and Canada entering the US, citing the need to crack down on drug trafficking and illegal immigration.
Despite the tariffs, investors remained positive about the economic outlook.
Trump's nomination of hedge fund manager Scott Bessent as US Treasury Secretary was another factor that lifted market sentiment, as many believe he will push for business-friendly changes.
Kohl's shares, however, fell more than 3% after revealing that its CEO will step down in January.
