United States stock futures eased during Monday's evening deals (Tuesday AEST) as investors shifted focus to a fresh round of corporate earnings.
By 8:50 am AEST (10:50 pm GMT), futures tied to the Dow Jones Industrial Average and the S&P 500 were down 0.3%, while Nasdaq 100 futures dropped 0.4%.
The losses in overnight trading followed a positive regular session on Monday, where major benchmarks climbed on the back of strength in the technology sector.
The gains were driven by the Trump administration’s announcement of tariff exemptions for a range of electronic products, including smartphones, computers, and semiconductors.
During Monday's session, the Dow Jones Industrial Average rose 312.1 points, or 0.8%, to finish at 40,524.8. The S&P 500 added 42.6 points, also up 0.8%, ending at 5,406.0. Meanwhile, the Nasdaq Composite climbed 107.0 points, or 0.6%, to close at 16,831.5.
Investors now turn their attention to what is expected to be a pivotal week in the first-quarter earnings season. Several major companies, including Bank of America, Citigroup, Johnson & Johnson, and PNC Financial, are scheduled to report their results in the coming days.
In addition to earnings, traders will be watching closely for new economic data. Upcoming releases include March’s import and export price indexes, along with the New York Federal Reserve’s Empire State manufacturing survey, both of which are expected to offer further insight into inflationary trends and business conditions.
