S&P500 Today: Meta, Palantir Drive Tech Stocks as US Indices Firm on Trade

Tesla slipped 1% premarket as President Trump’s fiscal package advanced, adding pressure to renewables and clean energy credits that could impact EV momentum.

What is the Federal Reserve signaling on rates?

Atlanta Fed President Raphael Bostic said Monday the Fed is unlikely to cut rates in July, noting inflation data and tariff impacts on labor markets remain unclear. Traders will closely watch upcoming inflation and employment prints, with policy patience from the Fed suggesting any easing could be delayed unless data weakens.

What should traders watch at the open?

The S&P 500 enters the session up 4.4% for June, while the Nasdaq has climbed nearly 6.1%.

Traders will watch for continued rotation into large-cap tech if trade optimism holds while monitoring Senate developments on President Trump’s spending bill, which could impact clean energy, defense, and infrastructure names.

With futures firm and sentiment constructive, the market is set to open with a positive bias unless early data or geopolitical headlines disrupt momentum.

More Information in our Economic Calendar.