US stocks were little changed on Monday as investors looked to renewed US-China trade talks for signs either side is willing to dial down tensions and reach a tariff deal.
The S&P 500 (^GSPC) inched up almost 0.1% after the broad benchmark edged above 6,000 to notch its highest close since February. The Dow Jones Industrial Average (^DJI) fell 0.2% while the tech-heavy Nasdaq Composite (^IXIC) drifted up 0.2%.
The focus is on high-level US-China trade talks that began in London on Monday, after a phone call between President Trump and Chinese President Xi last week.
The stakes are high amid warnings that tariff barriers will harm economies worldwide — the US in particular. Investors are looking for a revival of the momentum shown in the Geneva pact in mid-May. Relations have soured since then, with the US and China accusing each other of not keeping to the trade truce and ratcheting up pressures in other areas.
The economic highlight this week is May US consumer inflation print due on Friday, with the wholesale inflation report ushering it in on Thursday.
On the corporate front, Apple (AAPL) kicks off its big annual WWDC developers conference on Monday. Wall Street is watching for more insight into the company’s AI plans, though not on the lines of last year’s splashy announcements.
Meanwhile, investors are keeping a wary eye on escalating tensions in Los Angeles after Trump sent in the National Guard to deal with anti-deportation protests.
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30 mins ago
Stocks rise amid China-US trade talks
Stocks edged higher on Monday amid hopes that US-China trade talks will ease tariff tensions and eventually lead to a permanent deal between the two leading economies.
The S&P 500 (GSPC) rose to just above the flat line, after the broad benchmark closed on Friday at its highest level since February. The Dow Jones Industrial Average (^DJI) gained 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) edged 0.2% higher.
High-level trade talks between Beijing and Washington began in London on Monday. This follows a phone call between President Trump and Chinese leader Xi Jinping last week.
SNP – Free Realtime Quote•USD
6,002.56
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+(0.04%)
As of 10:01:24 AM EDT. Market Open.
Today at 12:30 PM UTC
What to expect from Apple’s WWDC event as Wall Street looks for AI gains
Apple’s annual Worldwide Developers Conference (WWDC) kicks off in Cupertino, Calif., today.
While investors may get another taste of artificial intelligence features, including AI-powered Siri, Apple isn’t expected to deliver any big announcements.
The company will likely showcase new features and designs for iOS, iPadOS, macOS, and watchOS. There’s always a chance it will debut a new piece of hardware too.
Apple (AAPL) stock rose 0.5% in premarket trading ahead of the event.
Warner Bros. Discovery announces it will split into two companies, shares jump
Shares of Warner Bros. Discovery (WBD) rose more than 6% in premarket trading on Monday after the media company said it would split into two companies.
Warner Bros. will separate its studios and streaming business, which includes HBO Max, and its cable television networks, including CNN. The split is expected to be completed by mid-2026.
Here are some top stocks trending on Yahoo Finance in premarket trading:
Robinhood (HOOD) stock fell 5% before the bell on Monday after the S&P Dow Jones Indices made no changes to the S&P 500 in its quarterly rebalancing.
Tesla (TSLA) stock also dropped on Monday in premarket trading after CEO Elon Musk criticized President Trump’s tax bill.
Strategy (MSTR) stock rose on Monday by 2%. A SEC filing revealed the company had purchased 705 bitcoin during the period of May 26 to June 1 at an aggregate purchase price of $75.1M.
Today at 10:44 AM UTC
Goldman and MS join the Wall Street crowd upbeat on US stocks
Wall Street strategists are growing optimistic about US stocks, with forecasters at Morgan Stanley (MS) and Goldman Sachs Group (GS) the latest to suggest resilient economic growth would limit any pullback over the summer.
