Today’s Market ActionMarket Indexes Poised for Cautious Start After Strong Friday Rally
U.S. stock futures are indicating a cautious start to the trading week on Monday, June 9, 2025, as investors await the resumption of critical US-China trade talks in London. This comes after a strong performance last Friday that saw the S&P 500 reclaim the 6,000 level for the first time since February.
As of early premarket trading, Dow Jones futures are down about 70 points, while S&P 500 and Nasdaq futures are also trading slightly below the flat line.
Premarket Movers to Watch
Several stocks are making significant moves in premarket trading today:
– VinFast Auto Ltd. (VFS) is drawing attention ahead of its Q1 2025 earnings release before market open. Analysts expect the electric vehicle maker to report earnings per share of -$0.26, unchanged from the same quarter last year.
– Graham Corporation (GHM) is also reporting Q1 results before the bell, with analysts forecasting earnings of $0.26 per share, representing a 116.67% increase compared to the same period last year.
– Caseys General Stores Inc. (CASY) will release its fourth-quarter results after market close today. Wall Street expects quarterly earnings of $1.95 per share, down from $2.34 per share in the year-ago period, with projected revenue of $3.95 billion compared to $3.6 billion a year earlier.
– Calavo Growers Inc. (CVGW), a fresh produce company, will announce earnings after market hours today, with investors closely watching for signs of growth in the agricultural sector.
US-China Trade Talks Take Center Stage
The resumption of US-China trade talks in London today is capturing market attention after negotiations had previously stalled following the Geneva settlement. U.S. President Donald Trump expressed optimism about the talks, which could significantly impact market sentiment throughout the week.
Friday’s better-than-expected jobs report helped ease concerns about an imminent economic slowdown, with U.S. payrolls climbing 139,000 in May, above the Dow Jones forecast of 125,000.
Key Economic Data and Events This Week
Investors are preparing for several important economic releases this week that could move markets:
– Consumer Price Index (CPI) data will be released on Wednesday, June 11, with economists expecting a monthly increase of 0.2% and a year-over-year rate of 2.3%.
– Producer Price Index (PPI) figures are scheduled for Thursday, June 12, following last month’s surprising 0.5% decline.
– Consumer Sentiment (preliminary) data for June will be published on Friday, June 13, providing insights into consumer confidence levels.
Notable Earnings Reports This Week
Beyond today’s reports, several high-profile companies are scheduled to release earnings throughout the week:
– GameStop (GME) reports on Tuesday after market close, with analysts expecting earnings of 8 cents per share versus a loss of 12 cents a year ago. Investors will be looking for commentary on the company’s recent bitcoin purchases and store closure plans.
– Oracle (ORCL) will announce results on Wednesday after the bell, with Wall Street projecting EPS of $1.64 on revenue of $15.58 billion. Analysts will be watching for updates on Oracle’s AI initiatives, particularly its reported “AI factory” project in Abilene, Texas.
– Adobe (ADBE) closes out the week’s major earnings reports on Thursday after market close, with expectations for EPS of $4.97 on revenue of $5.8 billion, representing year-over-year growth of 10.9% and 9.2%, respectively.
Market Outlook and Analyst Perspectives
Despite Friday’s rally, market strategists remain cautious about potential headwinds. Anthony Saglimbene, chief market strategist at Ameriprise, noted that while the labor market is holding up well, “there’s still some uncertainty about what the inflation impacts are going to be from the tariffs,” adding that tariff effects may become more apparent in economic data during the summer months.
The S&P 500 currently sits about 2% below its February high, with year-to-date gains of approximately 12.22%.
As markets today navigate this crucial week of economic data and corporate earnings, investors should remain vigilant for any shifts in trade negotiations or inflation trends that could impact the Federal Reserve’s next policy decision, scheduled for June 17-18.