Complete Market OverviewMajor Indexes Hold Steady as Trade Negotiations Begin
US stocks finished mixed at today’s market close on Monday, June 9, 2025, as investors carefully monitored the start of trade talks between the United States and China in London. The S&P 500 edged up 0.09% to close at 6,005.88, while the Dow Jones Industrial Average slipped marginally by 0.00% to 42,761.76. The tech-heavy Nasdaq Composite showed more strength, gaining 0.31% to end the session at 19,591.24.
“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.”
Today’s trading session comes after a strong performance last week, when all three major indexes posted notable gains following a better-than-expected jobs report. The S&P 500 gained 1.5% last week, while the Dow advanced 1.2% and the Nasdaq jumped 2.2%.
US-China Trade Talks Take Center Stage
The meeting between representatives from Washington and Beijing follows a phone conversation between President Donald Trump and Chinese President Xi Jinping last Thursday, sparking optimism about a potential thaw in trade tensions.
“Absent major policy surprises, the path of least resistance is to new highs,” analysts at JPMorgan Chase noted in a recent report. The S&P 500 is currently trading just 2.4% below its all-time record high of 6,144.15 set on February 19, having rallied more than 20% since early April.
The market’s recovery comes after Trump has softened his initial plan for sweeping tariffs. After the S&P 500 tumbled to the precipice of a bear market in early April, falling as low as 4,982.77 (about 18.9% below its high), the index has staged a remarkable comeback as trade tensions have eased.
Tech Stocks Lead Today’s Gains
Technology stocks helped drive today’s market gains, with Tesla (TSLA) rising 4.55% to $308.58, continuing its recovery after last week’s tumble when CEO Elon Musk sparred with President Trump on social media. Other tech giants also performed well, with Nvidia (NVDA) adding 0.64% to $142.63 and International Business Machines (IBM) gaining 1.19% to $272.04.
However, some notable declines included Apple (AAPL), which fell 1.21% to $201.45, and Warner Bros. Discovery (WBD), which dropped 2.95% to $9.53.
GameStop Earnings in Focus After the Bell
Investors are closely watching GameStop (GME), which is set to report its quarterly earnings after today’s market close. Analysts expect the video game retailer to report revenue of approximately $761.8 million and earnings of $0.04 per share. The stock closed at $29.63, up slightly by 0.17% in anticipation of the results.
GameStop has shown mixed performance in recent quarters, with the company beating earnings expectations last quarter, which led to an 11.65% increase in share price the following day. Investors will be watching closely for both the company’s financial results and any forward guidance that could impact the stock’s trajectory.
Economic Data and Market Outlook
Market participants are now turning their attention to upcoming inflation data for May, which will provide insights into how the economy is holding up during the early stages of Trump’s tariff regime.
“The inflation outlook has been sensitive to policy decisions to an unprecedented degree, specifically on tariffs,” analysts at Deutsche Bank said in a recent note. “We now see the tariff drag at only about one-third of what we previously penciled in.”
Wall Street banks have been adjusting their year-end projections for the S&P 500 as shifts in trade policy and surprisingly strong economic data have changed the outlook for markets. Goldman Sachs recently raised its year-end target for the S&P 500 to 6,100, while UBS raised its target to 6,000 and Deutsche Bank set an ambitious target of 6,550.
As the market navigates through trade negotiations and corporate earnings, investors remain cautiously optimistic about the path forward for stock market performance in 2025.