Nasdaq Futures remain subdued as markets evaluate earnings reports and anticipate upcoming data. Futures linked to the S&P 500 and the Nasdaq experienced a modest decline on Tuesday as investors evaluated a range of corporate earnings while anticipating economic data for greater insight into the effects of U.S. tariffs. In alignment with futures associated with the blue-chip Dow, Honeywell experienced a notable increase of 5.3% following the announcement of a rise in adjusted profit for the first quarter. United Parcel Service, often seen as a barometer for economic health, experienced a 2.6% increase in premarket trading following the release of its quarterly results.

In the interim, U.S. officials indicated that President Donald Trump’s administration intends to mitigate the effects of his automotive tariffs by easing certain duties levied on foreign components in domestically produced vehicles, while also ensuring that tariffs on imported cars do not accumulate excessively alongside existing ones. General Motors slipped 2.8% after the automaker pulled its annual forecast due to tariff uncertainty. Shares of automakers Ford and Tesla experienced a slight decline, reversing earlier gains.

Further insight into the status of U.S.-China trade negotiations remained pending. On the agenda for the day are consumer confidence and JOLTs job openings, while the U.S. first-quarter GDP and nonfarm payrolls are anticipated later in the week.

Four of the “Magnificent Seven” group of megacap stocks – Meta Platforms, Microsoft, Apple, and Amazon – are set to announce their quarterly results this week. “It shouldn’t really be especially surprising that participants took something of a ‘wait-and-see’ approach to proceedings … with conviction lacking across the board, and markets largely meandering along in a relatively directionless fashion,” said Michael Brown, senior research strategist at Pepperstone.

At 06:45 a.m. ET, Dow Futures recorded an increase of 104.00 points, representing a rise of 0.26%. In contrast, S&P 500 Futures experienced a decline of 7 points, equivalent to 0.13%, while Nasdaq 100 Futures fell by 30.75 points, or 0.16%.

The S&P 500 closed Monday with marginal gains, marking a fifth consecutive session of increases, which represents its most impressive winning streak since November. Indexes have recovered some losses this month amid optimism for a reduction in trade tensions between the U.S. and China. Nevertheless, all three major indexes continue to show a decline for the year, with the S&P 500 poised to decrease approximately 1.5% this month.

First-quarter earnings for Nasdaq companies are anticipated to increase by 10.9% compared to the previous year. That figure surpasses an early-April estimate of a 7.8% increase; however, numerous companies have cautioned that the new tariffs could affect their projections.

NXP Semiconductors NV fell 8.5% after the company only slightly beat expectations for revenue, and announced CEO Kurt Sievers would retire by the end of the year and insider Rafael Sotomayor would succeed him. U.S.-listed shares of Spotify Technologies experienced a decline of 8% following the company’s forecast of current-quarter operating profit falling short of Wall Street estimates.