See All Market Updates LiveMajor Indexes Show Mixed Performance at Midday
The U.S. stock market displayed mixed performance during Monday’s midday trading session on June 9, 2025, as investors closely monitored critical trade talks between the United States and China taking place in London. The S&P 500 hovered near the 6,000 level, trading flat at 6,015.33, up just 0.25% after closing above this psychologically important threshold for the first time since February 21 last Friday.
The Dow Jones Industrial Average dipped 75 points or about 0.5% in early trading but recovered some ground to 42,804.29, up a modest 0.10% by midday.
US-China Trade Talks Take Center Stage
Today’s market movements are largely influenced by the highly anticipated trade discussions between Washington and Beijing. Senior officials from both countries are meeting in London following a phone conversation last week between President Trump and Chinese President Xi Jinping.
“Markets have moved higher on tariff postponement and the perception that they will be more moderate than initially announced,” said Richard Saperstein, chief investment officer at Treasury Partners. “We expect markets to remain headline sensitive, as trade deals take time to negotiate and unsettling tariff news is likely to cause noticeable volatility.”
The outcome of these talks could significantly impact global supply chains and potentially prevent an economic slowdown. Investors remain cautiously optimistic that progress might be made toward rolling back mutual tariffs that have been weighing on markets.
Apple’s WWDC Event Draws Attention
Apple’s (AAPL) 2025 Worldwide Developers Conference kicked off today in Cupertino, California, with CEO Tim Cook scheduled to deliver a keynote address at 1 p.m. ET. The event, which runs until June 13, is expected to showcase the next phase of Apple’s AI strategy with its Apple Intelligence features.
Apple shares were up 0.7% at midday as investors await announcements that could help the company regain momentum. The stock has struggled this year, down more than 18% year-to-date, significantly underperforming compared to other tech giants that have benefited from the AI boom.
Wedbush Securities managing director Dan Ives commented, “What we expect to hear is laying out the framework and the guardrails and the vision for developers for the AI strategy… The consumer AI revolution goes to Cupertino in my opinion.”
Notable Stock Movers
Several stocks made significant moves during Monday’s session:
– Warner Bros Discovery (WBD) surged 7-9% following news of a company split.
– Nvidia (NVDA) gained between 1.3% and 2.3%, continuing to ride the wave of AI enthusiasm despite recent earnings that included guidance below expectations.
– Qualcomm (QCOM) jumped 4.4% on completion of its Alphawave IP purchase.
– Tesla (TSLA) slipped between 0.3% and 2% following a downgrade from Baird, which changed its rating from outperform to neutral.
– Robinhood (HOOD) dropped 7.4% after being excluded from the S&P 500 index.
– IonQ (IONQ) rose about 3% after announcing an acquisition of Oxford Ionics.
Upcoming Market Events to Watch
Investors are looking ahead to several key economic reports this week that could influence market direction:
– U.S. Consumer Price Index (CPI) data for May will be released on Wednesday, June 11. Economists are forecasting a 0.2% monthly increase, with the year-over-year rate expected at 2.3%.
– Producer Price Index (PPI) figures are scheduled for Thursday, June 12, with forecasts pointing to a -0.5% change for May.
– The preliminary University of Michigan Consumer Sentiment report for June will be published on Friday, June 13.
These inflation readings will be particularly significant as they may provide insights into whether recent price pressures reported in PMI surveys are translating into actual higher consumer prices, which could influence Federal Reserve policy decisions.
Market Outlook
The S&P 500’s approach toward its all-time high comes after a year of significant volatility driven by uncertainty around tariffs. After slumping to its lowest level of the year on April 8, the market has steadily regained ground as President Trump has softened his approach to tariffs and paused most of the initially announced measures.
Chris Verrone, chief market strategist at Strategas, noted that the recent rally indicates easing concerns about tariffs and the U.S. economy among traders and investors. “The message of the market is still one that is largely pretty constructive here,” Verrone said, adding that cyclicals making new highs versus defensives suggests “the economy’s largely OK here.”
As markets today live through another session of headline-driven trading, investors remain focused on the potential for a breakthrough in trade negotiations that could further fuel the market’s recent upward momentum and push major indexes to new record highs in the coming weeks.