US pre-open: Futures point to early gains in shortened session
US futures were pointing to gains ahead of Tuesday's shortened session.
As of 1200 GMT, Dow futures were up 0.34%, while S&P 500 and Nasdaq-100 futures were 0.09% and 0.23% firmer, respectively.
The Dow closed 96.44 points higher on Monday as Wall Street stocks turned in another round of record closes ahead of the Christmas break.
Market participants will be largely focussed on developments on the US-China trade front on Tuesday as investors cheered news that Beijing will cut import tariffs on a wide range of US-made goods.
China's finance ministry announced that it would lower import tariffs on over 850 products from 1 January - ranging from frozen pork to semiconductors as it attempts to boost imports amid a slowing economy.
CMC Markets analyst David Madden said: "A lack of major geopolitical news has caused market volatility to be low. If markets are moving aggressively in one direction or the other, it often sparks interest from other dealers to get involved as the fear of missing out kicks in.
"Well, in today's case, the lack of movement more failed to entice other traders off the fence."
On the data front, the Philadelphia Federal Reserve's manufacturing survey will be posted at 1330 GMT, while the Richmond Fed survey will come at 1500 GMT.
While no major corporate results were slated for release on Tuesday, Boeing shares were likely to remain in focus on the back of yesterday's news that Dennis Muilenburg had departed as CEO.
Trading will halt at 1800 GMT and resume as per normal on Thursday.