US-China trade truce euphoria is giving way to worry over economic slowdown in the wait for the latest US consumer inflation report

U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. They agreed to take down most of their tariffs that economists warned could start a recession and create shortages on U.

Stock market futures fell early Tuesday ahead of the release of the April consumer price index (CPI) report, which is expected to show the first impact of President Donald Trump's tariffs on inflation. The Dow Jones Industrial Average (Dow) Futures fell 247 points, or 0.5%. The S&P 500 futures and Nasdaq-100 futures dipped 0.2% each.