U.S. equity futures nudged lower in early Tuesday trading as investors hit pause on one of the strongest rallies of the year heading into a key inflation reading prior to the opening bell. Stocks ended firmly higher on Monday,

Stock market futures in the U.S. surged on Monday as the U.S. and China agreed to temporarily de-escalate their trade war.

US stock futures surged even higher on Monday after the US and China said they have agreed to slash most tariffs for 90 days while further trade talks take place. Stocks were already making gains over after the US said it had made "substantial progress" in weekend trade talks with China,