• US stock index futures trade marginally higher following Monday's choppy action.
• January Durable Goods Orders data will be featured in the US economic docket.
• Stock markets could react to US PCE inflation figures later in the week.

S&P 500 futures rise 0.10%, Dow Jones futures are unchanged, and Nasdaq futures gain 0.19% ahead of the opening bell on Tuesday.

S&P 500 (SPX), Dow Jones (DJIA), and Nasdaq (IXIC) indexes closed on Monday with a 0.38% loss, a 0.16% drop, and a 0.13% fall, respectively.

What to know before stock market opens

The Energy Sector rose 0.32% on Monday as the best-performing major S&P sector for the day. On the other hand, the Utilities Sector fell 2.1%.

Palo Alto Networks Inc. (PANW) and Domino’s Pizza Inc. (DPZ) shares were the top S&P 500 gainers on Monday, rising 7.33% and 5.84%, respectively. Insulet Corp. (PODD) lost nearly 8.4% on the day as the biggest decline, closely followed by Alphabet Class C and Class A shares, shedding 4.5% and 4.4% apiece.

Reviewing Monday’s action in global equity markets, “as we started a new week equities struggled to maintain their spectacular recent momentum, with the S&P 500 -0.38% lower on Monday,” said Jim Reid, global head of economics and thematic research at Deutsche Bank, and continued:

“The NASDAQ declined a marginal -0.13%, while the Magnificent 7 were down -0.39%, dragged lower by a -4.44% decline for Alphabet amid concerns over recent missteps with its AI model. Small-cap stocks were the strongest performers, with the Russell 2000 up 0.61%. Over in Europe the picture was more negative though, with the STOXX 600 down -0.37% as it fell back from its all-time high on Friday. Even so, it wasn’t all bad news there, as the DAX ( 0.02%) eked out a new record, and Euro HY spreads reaching their tightest level in over two years