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U.S. stock futures experienced a decline on Monday as investors geared up for another week filled with updates regarding President Trump’s dynamic tariff policies and the start of earnings reports from major technology companies.
Futures associated with the S&P 500 (ES=F) were down by 0.8%, the tech-centric Nasdaq (NQ=F) decreased by 0.9%, and Dow Jones Industrial Average futures (YM=F) fell by 0.7%.
As of 3:17:57 AM EDT, trading was underway.
ES=F YM=F NQ=F
According to insights shared by Yahoo Finance’s Josh Schafer in his preview for the upcoming week, market fluctuations are still heavily influenced by Trump’s tariff initiatives. Recent headlines have contributed to dramatic shifts in market conditions, shifting from Trump’s optimistic “Liberation Day” to a more complicated narrative involving a continually escalating conflict with China.
Last week saw the S&P 500 (^GSPC) drop approximately 1.5% during a shortened trading period, while the Nasdaq Composite (^IXIC) and the Dow (^DJI) each lost around 2.6%. Collectively, all three indexes have declined over 5% since Trump’s tariff announcement on April 2 at the White House.
For further information: Updates on Trump’s tariffs
Large financial institutions and selected consumer-facing companies have begun to disclose their first-quarter earnings, shedding light on their strategies in anticipation of the tariffs. Notably, a smaller proportion of these firms are surpassing analyst forecasts, and those that do are beating expectations by lesser amounts compared to previous reporting periods.
This week, two companies from the so-called “Magnificent 7″—Elon Musk’s Tesla (TSLA) and Alphabet (GOOG, GOOGL)—are poised to take center stage as approximately 120 S&P 500 companies report their earnings. Both companies signify the ongoing shift away from the previously dominant tech stocks of recent years. Alphabet has seen its shares plummet nearly 20% in 2025, while Tesla has suffered an even steeper decline of around 40%.
In terms of economic indicators, the week is expected to be relatively quiet, although significant data regarding the housing market and a gauge of consumer sentiment will be released later on.
Stay tuned for stock market updates on Monday, April 21, 2025.
Source
finance.yahoo.com