07:00 AM EDT, 03/25/2025 (MT Newswires) -- US equity markets were nudged mostly lower before the open Tuesday as investors wait for further updates on President Donald Trump's proposed tariffs on key trading countries.

Standard & Poor's 500 was slightly in the red while the Dow Jones Industrial Average and the Nasdaq edged down 0.1% each in premarket activity. Most Asian exchanges were trending higher, while European bourses were tracking in the green.

Trump on Monday said he may give "a lot of countries" breaks on planned reciprocal tariffs, which are expected to go into effect April 2, according to multiple media outlets. The White House will "soon announce" duties targeting automobiles, pharmaceuticals and other industries, Trump reportedly said.

Shares of KB Home ( KBH ) dropped 8% pre-bell after the homebuilder lowered its fiscal 2025 housing revenue outlook on the back of weaker-than-expected first-quarter results. Oklo ( OKLO ) fell 6.7% following the company's full-year 2024 results.

McCormick ( MKC ) , Core & Main ( CNM ) , Smithfield Foods (SFD) and Rumble (RUM) report their latest financial results before the bell, among others. GameStop ( GME ) and Worthington Enterprises ( WOR ) post earnings after the markets close.

On the economic calendar, the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for January, are due at 9 am ET. The Conference Board's consumer confidence report and the Richmond Fed Manufacturing Index, both for March, and the new home sales report for February are all out at 10 am.

Federal Reserve Governor Adriana Kugler is scheduled to speak at 8:40 am, while New York Fed President John Williams speaks at 9:05 am.

Before the opening bell, bitcoin decreased 1.2% to $87,215, West Texas Intermediate crude oil inclined 0.6% to $69.52 a barrel, yields on 10-year Treasuries gained 3.3 basis points to 4.36% and gold moved 0.4% higher to $3,029 an ounce.