Investing.com-- U.S. stock futures dipped Sunday evening after weekly losses on Wall Street, as ongoing trade tariff concerns continued to pressure market sentiment, while investors braced for a packed earnings week with key reports from Tesla (NASDAQ:TSLA), Boeing (NYSE:BA), and Alphabet (NASDAQ:GOOGL) on the horizon.
The Easter holiday across many markets on Monday, following a shortened trading week due to Good Friday, led to muted trading volumes.
S&P 500 Futures dropped 0.4% to 5,293.25 points, while Nasdaq 100 Futures declined 0.4% to 18,316.25 points by 20:08 ET (00:08 GMT). Dow Jones Futures also lost 0.4% to 36,169.0 points.
Wall St suffers weekly loss amid tariff uncertainty, earnings jitters
Major Wall Street indexes suffered weekly declines on Thursday, driven by hefty losses in Unitedhealth Group (NYSE:UNH), the largest U.S. health insurance company. Its stock dropped 22% after the health insurer cut its annual profit forecast in anticipation of higher-than-expected medical costs.
In the prior week, investors also witnessed market darling Nvidia (NASDAQ:NVDA) warning of a $5.5 billion charge in the first quarter due to U.S. chip sanctions on China. This dented market sentiment across the tech sector.
The Dow Jones Industrial Average closed 1.3% lower on Thursday, while the S&P 500 index inched up 0.1%, and the NASDAQ Composite fell 0.1%. Markets were closed on Friday to observe the Good Friday holiday.
All three indices closed lower for the week, with more than 2% pullback in Dow and Nasdaq.
Investors mulled over President Donald Trump’s tariff moves.
Last week, Trump declared “big progress” in talks with Japan during discussions in Washington, boosting hopes for negotiations between the U.S. and its key trading partners regarding tariffs.
European Commission President Ursula von der Leyen also expressed support for negotiations, while Bloomberg reported China is open to trade talks with the Trump administration—if it shows more respect and stops critical remarks about its officials.
Earnings ahead: Tesla, Alphabet, Boeing
Investors are eyeing first-quarter earnings from Tesla, Alphabet, and Boeing this week for clues on how tariffs are impacting major companies.
Tesla will report its financial results on Tuesday. It faces global supply chain issues and backlash amid Elon Musk’s role in Trump’s administration.
Google parent Alphabet’s (NASDAQ:GOOGL) results will be released on Thursday, highlighting digital advertising and global tech operations amid the AI surge, while Boeing’s results on Wednesday could reflect broader trade pressures.
These reports are key to gauging corporate resilience amid ongoing tensions.