"This year reminds us of the classic Charles Dickens quote, 'It was the best of times, it was the worst of times.'"

Trump's trade deals with the EU and Japan pave the way for the stock market to end with it's third straight annual gain of more than 20%, Oppenheimer said.

Sarepta soars after being notified by the FDA the company may lift its voluntary pause on shipments of Elevidys for ambulatory patients with Duchenne muscular dystrophy, while Whirlpool sinks after reducing full-year earnings guidance.

The stock market closed mostly higher Monday, after President Donald Trump announced on Sunday a trade deal with the European Union.

Defense stocks such as RTX (RTX) and Kratos Defense (KTOS) are under pressure after an early rally faded, despite President Trump touting hundreds of billions in EU military purchases. Cisco (CSCO) stock is slipping after Evercore ISI downgraded the company to In Line from Outperform,

The FTSE 100 is set to bounce a little after falling with other European stocks yesterday. Futures are up 0.2%. The pound is nearly flat for the session but has slipped well below $1.34 again following a rally for the dollar on Monday afternoon.

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