US stock futures drifted up after the S&P 500 reached a fresh record in a dramatic rally just 10 minutes before market close. Trump on Tuesday said to expect new tariffs on automobiles starting as soon as April 2.

The S&P 500 flirts with a record as U.S. stock-market investors return from a three-day weekend, awaiting minutes from the Federal Reserve's January meeting and data due later this week.

Wall Street is flirting with a record again as U.S. stock indexes drift in mixed trading on Tuesday. The S&P 500 was virtually unchanged in late trading and sitting just below its all-time closing high set last month,