U.S. stocks open flat on Tuesday ahead of a set of economic data, with investors looking for any insights on policies of the incoming Trump administration. Tesla down 1%; Nvidia up 2%; Aurora up 50%.

Any signs of continued resilience in the economy from the data is likely to push back expectations on the pace of the Federal Reserve's monetary easing cycle this year.

Top on the investor radar is the Job Openings and Labor Turnover survey for November and the Institute for Supply Management's data on services activity for December, both due at 10 a.m. ET. The non-farm payrolls data is due later this week.

Monday’s advances for the broad-market index and the Nasdaq were propelled by a surge in chip stocks after Foxconn reported record fourth-quarter revenue. Another catalyst for stocks was a report by the Washington Post that said President-elect Donald Trump’s tariff plan would be narrower than previously expected. Trump later disputed the report in a Truth Social post.

Investors should expect further market volatility as the year progresses, according to Cameron Dawson, chief investment officer at NewEdge Wealth.

“That is our base case, this idea that you’re going into 2025 with such a higher bar that it sets up for some choppy price action when you consider the valuations that we’re starting the year with, where positioning is and where most expectations are,” she said on CNBC’s “Closing Bell” Monday afternoon.

Major economic reports that will shape the market’s action loom ahead this week. The ADP private payrolls report is slated for Wednesday. The main event awaits on Friday in the form of December’s nonfarm payrolls report.

It is a four-day trading week, with the New York Stock Exchange closed on Thursday in honor of the late former President Jimmy Carter.