U.S. stock futures are slightly lower ahead of the Wall Street open following two consecutive days of gains for the S&P 500, driven by tech sector strength. Investors awaited new first-quarter earnings and key economic data, including March import/export price indexes and the Empire State Manufacturing Survey. Market optimism was supported by U.S. Customs and Border Protection’s Friday guidance exempting electronics like smartphones and semiconductors from reciprocal tariffs, though remarks from President Trump and Commerce Secretary Lutnick hinted these exemptions could be short-lived. Bank earnings are a focal point for the day with results due from Citigroup (C) and Bank of America (BAC) this morning.

•  Oil  (/CL) – Oil prices are slightly lower near $61 a barrel, amid new tariff exemptions floated by President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian supply.

• Gold  (/GC) – Gold futures are up 0.3% near $3240, just below its all-time high, amid continued uncertainty over U.S. President Donald Trump’s tariff plans and their impact on the global economy.

• Bitcoin (/BTC) – The Crypto Future is up about 0.7% near 85.8K in the premarket.

• VIX – The CBOE Volatility Index was down 17.8% on Monday and settled at 30.89 as stocks rose.

• BofA upgrades DuPont (DD) to Neutral from Underperform

• Barclays downgrades General Motors (GM) to Neutral from Outperform

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