Ahead of the market open, the U.S. Bureau of Labor Statistics reported import prices fell 0.5% last month and export prices decreased 0.7%.
As earnings wind down, a few big names are still on deck this week, including Macy's(M), Wal-Mart(WMT), J.C. Penney(JCP) and Cisco(CSCO).
Shares of Take-Two Interactive(TTWO) jumped in premarket trading after the maker of Grand Theft Auto easily beat profit forecasts.
SolarCity(SCTY) -- chaired by Tesla Motors(TSLA) head Elon Musk -- reported a wider-than-expected loss and offered weak guidance, sending shares plunging. The sell-off spilled into rival First Solar(FSLR).
Sony's(SNE) stock rose after hedge fund titan Dan Loeb said his firm, Third Point, had amassed a 6% stake, making it the largest shareholder. Loeb wants to spin off the Japanese company's movie and music division.
Of the 453 S&P 500 companies that have reported earnings results for the first quarter, 301 have beat analysts' estimates, 115 have missed, and 37 have met, according to S&P Capital IQ.
Theme parks immune to sluggish economy
U.S. stocks finished mixed Monday, although the S&P 500 managed to nudge up to a new record.