1. Stock market overview: The second quarter of 2017 is starting on a cautious footing.
U.S. stock futures are holding steady after the main indexes posted eye-popping rallies over the first three months.
The Dow Jones industrial average pushed up by 4.6%, while the S&P 500 gained 5.5% and the Nasdaq surged by 9.8%.
European markets are looking lackluster in early trading. There are small gains and losses on the key indexes.
Most Asian markets ended the day with gains.
2. Tanking tech stocks: Shares in Imagination Technologies are getting pummeled in London — down 67% — after the British company said Apple plans to stop using its technology.
Apple is the company’s biggest customer and paid more than £60 million ($75 million) in the previous fiscal year to use Imagination Technologies’ intellectual property.
Toshiba shares also got slammed — down 5.5% in Japan — as investors worry the company may not be ready to report its earnings after earlier delays and massive write-downs on its Westinghouse nuclear business.
3. Auto reports: Watch auto stocks Monday as major U.S. auto manufacturers report their March sales results.
Sales for 2016 set a record of 17.6 million cars and trucks, a slight increase over the 17.5 million vehicles sold the previous year, according to figures from sales tracker Autodata.
4. Coming this week:
Monday – Auto manufacturers report monthly sales; H-1B visa applications open up for new fiscal year
Tuesday – Equal Pay Day; Senate votes on whether to confirm President Trump’s nominee Jay Clayton to become a member of the Securities and Exchange Commission
Wednesday – Earnings from Monsanto, Walgreens Boots Alliance and Bed Bath & Beyond; World Economic Forum on Latin America begins in Buenos Aires, Argentina
Thursday – Chinese President Xi Jinping visits President Trump at his Mar-a-Lago golf club
Friday – U.S. Bureau of Labor Statistics releases monthly jobs report for March
