U.S. stock futures point to a lower open after rising Tuesday on hopes trade deals are getting done and Trump's tariff plan is getting pared down.

U.S. stock index futures were slightly higher on Tuesday as the Trump administration signaled easing tariffs on the auto sector and investors awaited key earnings and economic data for more direction.

Stock futures were falling early Wednesday after gaining in the previous session as the U.S. trade war started to hit economic data, an ominous sign that the real-world impact of President Donald Trump’s tariffs will soon be felt.