See All Market Updates LiveMajor Indexes End Previous Week on High Note
As investors prepare for the market open on Monday, June 9, 2025, Wall Street is coming off a strong performance that saw the S&P 500 close above the 6,000 mark for the first time since February. At the market open today, traders will be weighing Friday’s positive jobs report against upcoming economic data releases and continuing trade discussions between the U.S. and China.
The S&P 500 finished Friday’s session at 6,000.36, gaining 1.03% and crossing the psychologically important 6,000 threshold. The Dow Jones Industrial Average jumped 443.13 points, or 1.05%, to close at 42,762.87, while the Nasdaq Composite rallied 1.20%, ending at 19,529.95. All three major indexes posted notable weekly gains, with the S&P 500 up 1.5%, the Dow advancing 1.2%, and the Nasdaq jumping 2.2% for the week.
“Markets are kind of holding judgment about what all this means for growth and profitability over the next couple quarters,” said Anthony Saglimbene, chief market strategist at Ameriprise, referring to potential tariff impacts that could begin showing up in economic data during the summer months.
Tech Stocks Lead Market Rally
Technology stocks were among the strongest performers as the markets closed last week, a trend that could continue at today’s market open. Tesla (TSLA) shares gained nearly 4% on Friday, recovering partially after tumbling 14% on Thursday amid a public feud between CEO Elon Musk and President Donald Trump. The stock’s volatility has contributed to Tesla becoming the worst-performing large-cap stock in 2025, with its market capitalization falling 29.3% to $917 billion so far this year.
Other tech giants also performed well, with Alphabet (GOOG) and Amazon (AMZN) each climbing roughly 3%, while Apple (AAPL) and Meta Platforms (META) were each up nearly 2%. Nvidia (NVDA) gained 1%, and Microsoft (MSFT) rose slightly to a new all-time high.
Data analytics provider Palantir Technologies (PLTR) was the top performer in the S&P 500 on Friday, surging 6.5% amid positive sentiment around its expanding government business and benefiting from the broader AI enthusiasm following Broadcom’s earnings report showing strong AI demand.
Notable Stock Movements
Not all stocks participated in Friday’s rally. Lululemon Athletica (LULU) plunged nearly 20%, making it the worst performer in the S&P 500, after the athletic apparel maker trimmed its full-year outlook and noted cautious consumer spending in the U.S. The company also discussed plans to increase prices on some products to mitigate tariff impacts.
Broadcom (AVGO) shares fell 5% despite posting record quarterly revenue of $15 billion, as investors may have expected even stronger results following Nvidia’s recent blockbuster earnings. CEO Hock Tan did provide some optimism, noting that chip demand may accelerate during the second half of 2026 due to strong inference demand.
In the airline sector, United Airlines (UAL) announced a partnership with Spotify Technology (SPOT) that will allow passengers to access playlists, audiobooks, and video podcasts on their seatback screens. United shares increased 4.8% on the news, while rival Delta Air Lines (DAL) shares rose 4.3%.
Economic Data and Market Outlook
Friday’s jobs report showed the U.S. economy added 139,000 jobs in May, above the Dow Jones forecast of 125,000, while the unemployment rate remained steady at 4.2%. This better-than-expected report eased concerns about an imminent economic slowdown and suggested that the impact of tariffs on hiring has yet to materialize.
Looking ahead to this week’s market news, investors at the opening bell will be closely monitoring several key economic releases. Monday will see the release of wholesale inventory data, while Wednesday brings the highly anticipated Consumer Price Index (CPI) report. Thursday will feature the Producer Price Index (PPI) and weekly jobless claims, followed by the preliminary University of Michigan Consumer Sentiment report on Friday.
Additionally, market participants will be watching developments in U.S.-China trade relations, as President Trump announced that officials from both countries will meet on Monday to discuss trade issues. The president expressed optimism, stating he thought the meeting “should go very well.”
Fed Watch and Interest Rate Expectations
Despite the strong jobs report, speculation continues about potential Federal Reserve interest rate cuts. According to the CME FedWatch Tool, the chance of a July interest rate cut stands at just 16.5%, down from 31.4% before the jobs report. The odds of a September cut decreased to 60.6% from 74.3%.
The Federal Reserve’s next policy meeting is scheduled for June 17-18, and market participants will be looking for signals about the central bank’s thinking on inflation, economic growth, and the potential impact of tariffs on monetary policy decisions.
Global Market Considerations
As stock market news today unfolds, traders should note that several international markets will be closed on Monday due to holidays. Australia and Switzerland will observe bank holidays, as will France and Germany in the eurozone.
The S&P 500 has climbed 6.55% over the past month and is up 12.22% compared to the same time last year. According to Trading Economics forecasts, the United States Stock Market Index is expected to trade at 5,949.95 points by the end of this quarter.
As markets today prepare to open, investors will be weighing these factors against the backdrop of continued economic resilience and the potential for further gains in the major indexes, particularly if the positive momentum from last week carries forward into the new trading week.