U.S. stocks were headed for slight losses early on Wednesday after strong gains the previous day over easing trade tensions with the European Union. Earnings from chip maker Nvidia after the market close are set to take the spotlight.

U.S. stock index futures edged higher Tuesday evening, buoyed by optimism ahead of Nvidias earnings report and a combination of positive trade and economic developments. Futures gains followed a strong session on

Trump’s tariffs and the trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Investors are awaiting economic data on durable goods, housing, and consumer confidence, along with comments from Minneapolis Federal Reserve President Neel Kashkari and New York Fed President John Williams.

S&P 500, Dow Jones, and Nasdaq were closed on Monday due to Memorial day. The US stock market is set to open on the US Stock Market.

The broad market index ended Wednesday’s trading modestly higher, as traders extended the tariff relief rally for a third day.

US stocks rose on Friday, notching weekly wins across the major averages after an easing in US-China trade tensions. Investors also eyed President Trump's sweeping tax and spending bill, which failed to clear a key hurdle Friday,

The NYMEX June RBOB contract, which is set to expire on Friday, was off by 3.73cts to $2.0719/gal, up from a recent low of $2.0705/gal, the weakest price since May 8. More trading in the July RBOB contract has tightened backwardation in the gasoline market.