U.S. stock index futures surged on Tuesday, after President Donald Trump dialed back his threat of steep tariffs against the EU and tensions between the United States and the European bloc cooled, as traders returned after the Memorial Day break.

Wall Street appears poised to surge when markets open Tuesday, after two days of rallies by U.S. stock futures, spurred by President Donald Trump delaying his latest threat of 50% tariffs against European Union imports until July 9,

U.S. stock index futures spiked as President Trump eased his tariff threat against the EU, setting a new negotiation deadline. Dow E-minis, S&P 500, and Nasdaq 100 saw notable premarket gains. Trump's social media firm seeks crypto investment,