* Futures down: Dow 35 pts, S&P 5 pts, Nasdaq 13.25 pts
By Yashaswini Swamynathan
April 4 U.S. stock index futures fell on Tuesday
as investors fretted over the ability of President Donald Trump
to deliver on his policy plans, and the outcome of his
potentially tense meeting with Chinese President Xi Jinping
later this week.
* Trump, known to have a protectionist stance on trade, has
held out the possibility of using trade as a lever to secure
China's cooperation against North Korea when he meets Jinping on
Thursday and Friday.
* U.S. equities have hit record highs on Trump's promises of
tax cuts, looser regulations and higher infrastructure spending.
* However, his administration's recent struggles to push
legislation through Congress, particularly a healthcare reform
bill, has raised questions whether they could deliver its
pro-business economic stimulus.
* Those questions came back to the forefront on Monday after
some U.S. states accused Trump's administration of illegally
suspending energy efficiency standards, while Democrats amassed
enough support to block a confirmation vote for Trump's Supreme
* Wall Street's major stock indexes dropped on the news, but
later pared losses to close slightly lower.
* Shares of Bank of America fell 1.6 percent to
$23.21 in premarket trading on Tuesday after Citigroup
downgraded the stock to "neutral" from "buy".
* Paratek Pharmaceuticals surged 41 percent to
$26.15 after its lead antibiotic drug succeeded in a study.
* Economic data due includes a report by the Commerce
Department that is likely to show U.S. trade deficit narrowed in
February. The report is due at 8:30 a.m. ET (1230 GMT).
* Factory orders rose 1 percent in February, slightly lower
than the 1.2 percent recorded in January, a report due at 10:00
a.m. ET is expected to show.
Futures snapshot at 6:56 a.m. ET:
* Dow e-minis were down 35 points, or 0.17 percent,
with 18,022 contracts changing hands.
* S&P 500 e-minis were down 5 points, or 0.21
percent, with 103,023 contracts traded.
* Nasdaq 100 e-minis were down 13.25 points, or 0.24
percent, on volume of 21,156 contracts.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by