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U.S. stock futures slipped Monday night after the posted back-to-back winning sessions.
Investors also awaited a fresh set of first-quarter earnings reports. fell 146 points, or 0.4%.
and dipped 0.5% and 0.6%, respectively.
The moves came after the major stock indexes ended Monday's session higher, buoyed by the tech sector after the Trump administration announced for electronic products such as smartphones, computers and semiconductors. Still, comments from President Donald Trump and Commerce Secretary Howard Lutnick on Sunday suggested these . During Monday's regular session, the gained 312.
08 points, or 0.78%. The S&P 500 climbed 0.
79% and the added 0.64%. This is a big week for the first-quarter earnings season, with names such as , , and set to report before Tuesday's opening bell.
However, this earnings season may not yet provide investors with the clarity they seek on how companies will be affected by Trump's new tariff policies, according to Brenda Vingiello, chief investment officer of Sand Hill Global Advisors. "I think when it comes to earnings season, we're just going to hear a lot of uncertainty with regard to some companies," she said on CNBC's " " on Monday afternoon. "I don't think we're going to have a lot of answers after this earning season other than that Q1 was probably pretty good.
" On Tuesday, investors will also watch out for the latest readings on March's import and export price indexes. The New York Federal Reserve's Empire State Manufacturing Survey will also be out. It is essential for investors to practice patience and not got swept up in trepidation amid this period of heightened uncertainty, according to Oppenheimer.
In a Monday note, Oppenheimer chief investment strategist John Stoltzfus reiterated his bullish stance on equities. "We remain positive on stocks and consider near-term volatility tied to the uncertainties surrounding the tariff regime structure — which for now remains in our view very much 'a work in progress' — as not atypical of a period in market history which is laden with watershed caliber developments in technological innovation and changes likely to the global trade landscape that seek to create a fairer and likely more competitive global venue," he wrote. Stoltzfus added: "Pullbacks earlier this year have mostly looked like 'trims' and 'haircuts' for the whenever bears, skeptics, and nervous investors have found a catalyst to take near-term profits without FOMO (fear of missing out) amid what appears to us in fundamentals that persist in showing resilience like a very much intact bull market.
" Specifically, Stoltzfus listed his favorite sectors as information technology, communications services, consumer discretionary, financials and industrials — sectors that have all sold off this year. Shares of added 3% in Monday's extended-hours trading after the company announced it had to acquire for $35.10 per share.
Shares of Allegro tumbled 12%. In a press release, ON Semiconductor said it had "determined there is no actionable path forward," but that the company would focus its efforts on other opportunities to enhance shareholder value. Stock futures slipped Monday night.
slid around 0.3% shortly after 6 p.m.
ET. and respectively shed 0.2% and 0.
3%..
