07:44 AM EDT, 04/14/2025 (MT Newswires) -- The benchmark US stock measures were tracking in the green before Monday's opening bell amid tariff exemptions announced by the US government on certain electronic goods imports, while traders brace for major corporate earnings due in the week.

The S&P 500 increased 1.1%, the Dow Jones Industrial Average rose 0.8% and the Nasdaq added 1.3% in premarket activity. The indexes closed Friday's trading session higher.

The White House excluded smartphones, semiconductors and other electronic and technology components from President Donald Trump's recent reciprocal duties on Friday. However, Trump reportedly said on Sunday that he would announce tariffs on imported semiconductors this week.

US Commerce Secretary Howard Lutnick on Sunday said critical technology products from China would face separate new duties, Reuters reported.

China on Friday raised its tariffs on US imports to 125%, in response to Trump's move to hike duties on Beijing to 145%. Last week, the Trump administration announced a 90-day pause for certain tariffs for non-retaliating countries.

"Including various ripple effects, world trade could fall by around 5%, which would be comparable to the drops in 2020 during the pandemic and the global recession of 1975," Oxford Economics Lead Economist Adam Slater said in remarks emailed to MT Newswires, in an analysis on the impact of tariffs on global trade.

Shares of Apple ( AAPL ) , Nvidia ( NVDA ), (NVDA), Advanced Micro Devices ( AMD ) , Intel ( INTC ) , Tesla (TSLA) and Dell (DELL) were trending higher before the bell.

With no economic reports scheduled for Monday, investors will be awaiting the latest earnings results of several major banks and corporations, beginning with Goldman Sachs ( GS ) and M&T Bank ( MTB ) before the bell. UnitedHealth ( UNH ) , Johnson & Johnson ( JNJ ) , Netflix ( NFLX ) , Bank of America ( BAC ) , Citigroup ( C ) , Abbott Laboratories (ABT), American Express ( AXP ) and United Airlines (UAL) are among the companies reporting quarterly earnings later in the week.

US markets will be closed on Friday for the Good Friday holiday.

Last week, government data showed that consumer inflation unexpectedly turned negative in March in what was its first monthly decline since May 2020. Consumer sentiment soured in April as year-ahead inflation expectations reached the highest point since 1981, preliminary results from the University of Michigan's Surveys of Consumers showed Friday.

US Treasury yields moved down in premarket action with the two-year rate retreating 5.3 basis points to 3.9%, while the 10-year rate slid 5.9 basis points to 4.43%.

Federal Reserve Bank of Richmond President Thomas Barkin is scheduled to speak at 12 pm ET, while Atlanta Fed President Raphael Bostic's remarks are due at 7:40 pm.

West Texas Intermediate crude oil gained 0.8% to $62.01 a barrel before the open. Bitcoin inclined 0.9% to $84,743, while gold slipped 0.7% to $3,222 per troy ounce.

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