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.
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(Tech30) 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
Wednesday – Earnings from Monsanto(, )Walgreens Boots Alliance( and )Bed Bath & Beyond(; World Economic Forum on Latin America begins in Buenos Aires, Argentina )
Friday – U.S. Bureau of Labor Statistics releases monthly jobs report for March