Dow Jones Today: Stock Futures Inch Higher With US-China Trade Talks in Focus as Market Looks to Extend Rally

Stock futures are pointing to a slightly higher open for major indexes on Monday as investors await news from trade talks taking place between the U.S. and China.

Futures tied to the S&P 500 were up 0.2% recently, while futures linked to the Dow Jones Industrial Average and tech-heavy Nasdaq each added 0.1%. Stocks are coming off a winning week, with the benchmark S&P 500 index surpassing 6,000 points on Friday for the first time since February as investors responded to a better-than-expected May jobs report.

Stocks have rallied in recent weeks as investor concerns about tariffs have subsided, while corporate earnings reports have been generally strong and various indicators have shown that the economy remains on sound footing. However, trade developments still have the potential to roil markets, and today’s meeting of U.S. and Chinese officials in London is being closely watched as investors seek confirmation that the two sides won’t reimpose massive tariffs on one another.

Shares of the world’s largest technology companies, which have paced the recent rally, were mostly higher this morning. Apple (AAPL) shares were up 0.5% ahead of the company’s highly anticipated Worldwide Developers Conference, with a keynote speech from CEO Tim Cook scheduled for this afternoon. Shares of Nvidia (NVDA), Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META) and Broadcom (AVGO) were also gaining ground. Tesla (TSLA) fell nearly 2%, extending its volatile run following last week’s very public feud between CEO Elon Musk and President Donald Trump, while Microsoft (MSFT) fell slightly, after closing last week at a record high.

Warner Bros. Discovery (WBD) shares jumped 9% in premarket trading after the entertainment giant announced it would split into two publicly traded companies, separating its cable business from its streaming and studio units.

Among other noteworthy movers, shares of trading platform Robinhood Markets (HOOD), which hit an all-time high on Friday, and adtech company Applovin (APP) each dropped about 4%. Both companies were seen as possible candidates for inclusion in the S&P 500 ahead of an expected rebalancing of the benchmark index, but no changes were made.

Shares of USDC stablecoin issuer Circle Internet Group (CRCL) jumped 18% in premarket trading, adding to the huge gains posted since the company’s IPO last week.

Crypto-related stocks also moved higher as bitcoin jumped to $107,800 this morning, up from an overnight low of $105,400. Major bitcoin buyer Strategy (MSTR) and crypto trading platform Coinbase Global (COIN) were each up more than 2%.

West Texas Intermediate futures, the U.S. crude oil benchmark, were up 0.5% at $64.95 per barrel, rising for the third straight day and trading at their highest level since mid-April. Gold futures were down 0.2% at $3,340 an ounce.

The yield on the 10-year Treasury note, which affects borrowing costs on a wide range of loans, notably mortgages, was holding steady at 4.51%, a two-week high. The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, slipped 0.1% to 99.06.