Stocks rose on Monday as traders looked for details on the latest U.S.-China trade talks.
The S&P 500 added 0.3%, while the Nasdaq Composite climbed nearly 0.5%.The Dow Jones Industrial Average gained 33 points, or 0.1%.
Officials from the U.S. and China are holding trade talks on Monday in London in an effort to resolve ongoing trade disagreements. The talks come after President Donald Trump and Chinese President Xi Jinping held a lengthy phone call last week, with both nations trying to avoid a large-scale trade war. Last month, the two countries agreed to temporarily cut tariffs while trade negotiations proceeded.
This week will bring plenty of opportunities to either reinforce or undermine the market’s confidence.
In the U.S., Apple’s 2025 Worldwide Developers Conference kicks off on Monday. The tech giant’s stock has been an area of weakness this year, sinking more than 18%.
Inflation data is expected to be a key topic later in the week. The latest consumer price index is due out on Wednesday, followed by the producer price index on Friday. Traders will be looking for clues as to how the current tariff rates are flowing through the economy. A new consumer sentiment reading from the University of Michigan — which includes data around inflation expectations — is due out on Friday.
Monday’s moves come after all three of the major indexes notched their second-straight winning week. The S&P 500 on Friday closed above the 6,000 level for the first time since Feb. 21, and is now less than 3% away from its record closing high.
“With the S&P 500 closing above 6,000 for the first time since February, stocks are effectively looking through the current tariff uncertainty into a more stimulative economic climate,” said Richard Saperstein, chief investment officer of investment advisor practice Treasury Partners. He added that although the stock market is signaling reduced economic impact from tariffs, uncertainty from ongoing tariff-related headlines will likely be seen in upcoming earnings results.
Stocks moving midday include Topgolf Callaway, Quaker Chemical and more
Kent Nishimura | Bloomberg | Getty ImagesA Topgolf location in Oxon Hill, Maryland, US, on Wednesday, March 20, 2024.Check out the companies making the biggest moves midday:
Universal Health Services — The hospital operator fell more than 6% after Chief Financial Officer Steve Filton said at a conference that procedural volumes “have been slower to recover back to historical levels than we might have imagined.” He also raised concerns over how President Donald Trump’s spending bill could evolve as it goes through the Senate, and what that would mean for the hospital industry, according to a FactSet transcript.Topgolf Callaway Brands — The golf equipment stock rallied 8% following director Adebayo Ogunlesi’s disclosure on Friday that he had bought 383,700 shares. Following the transaction, Ogunlesi owns 512,600 shares.Quaker Chemical — The metal processing fluid company, which does business as Quaker Houghton, jumped 10%. On Monday, Jefferies upgraded the stock to buy from hold, seeing more than 33% upside on the back of improving steel demand conditions and increasing infrastructure spending.For the full list, read here.
— Pia Singh
IonQ shares rise on news of $1 billion quantum computing startup acquisition
Shares of IonQ jumped 2.8% after the company said it is acquiring United Kingdom-based quantum computing startup Oxford Ionics in a deal worth nearly $1.1 billion.
“We believe the advantages of our combined technologies will set a new standard within quantum computing and deliver superior value for our customers through market-leading enterprise applications,” IonQ CEO Niccolo De Masi in a Monday release.
— Pia Singh
ARK Fintech ETF hits multiyear high
The ARK Fintech ETF (ARKF) rose slightly Monday to hit its highest level since December 2021. The rally is led by the newly public Circle, which jumped about 16% and has skyrocketed 300% from the IPO price of $31.
The ETF’s top holdings include Shopify, Robinhood, Coinbase and Circle. The fund is up 20% this year.
— Yun Li
Aerospace and defense ETF closing in on record winning streak
The iShares U.S. Aerospace & Defense ETF (ITA) rose 0.2% in morning trading, putting the fund on track for its 11th consecutive positive session. That would tie the longest winning streak on record for the fund, which was launched in 2006. The previous streak came in 2009.
ITA is now up 25% year to date, led by Howmet Aerospace, GE Aerospace and Kratos Defense.
— Jesse Pound, Nick Wells
Stocks open little changed on Monday
The Dow Jones Industrial Average was trading 42 points, or 0.1%, lower shortly after the opening bell. The S&P 500 rose by less than 0.1%, while the Nasdaq Composite added about 0.15%.
— Pia Singh
Robinhood drops after not getting the nod to join the S&P 500
Andrew Kelly | ReutersRobinhood CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s initial public offering in New York City on July 29, 2021.Shares of Robinhood dropped more than 3% in premarket trading as the online brokerage was snubbed in the latest quarterly rebalance of the S&P 500 after months of speculation that it could earn a coveted spot in the benchmark. The stock has rallied 3.3% Friday to bring last week’s gain to over 13% before the S&P Dow Jones Indices said after the bell that the S&P 500 would remain unchanged.
Just last week, Bank of America called Robinhood a top candidate to join the S&P 500 during the big reshuffling in June. The S&P 500 rebalance, which typically comes on the third Friday of the last month in a quarter, is usually an impactful event as it can spark billions of dollars of trading and spur passive funds to snap up its shares.
— Yun Li
Warner Bros. Discovery, Tesla among the names making moves before the bell
Some stocks are making big moves in the premarket Monday:
Warner Bros. Discovery – Shares jumped nearly 9% after Warner said it will split into two publicly traded companies by next year. One company will host WBD’s streaming services and movie properties, while the other will include its cable networks such as CNN and TNT Sports.Tesla – Shares of the electric vehicle maker dropped about 2% after Baird downgraded the stock to neutral from buy. The firm said that CEO Elon Musk’s comments on robotaxi plans are “a bit too optimistic” and that Musk’s relationship to President Donald Trump adds “considerable uncertainty.”EchoStar – Shares tumbled 11% after the Wall Street Journal, citing people familiar, said the telecommunications company is considering filing for bankruptcy under chapter 11. The company is trying to protect its wireless spectrum licenses that are under review by the Federal Communications Commission, the report said.Read here for the full list of names.
— Sean Conlon
Warner Bros. Discovery to split into two public companies, shares halted in premarket trading
Alyssa Pointer | ReutersThe exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began its strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, on May 2, 2023.Warner Bros. Discovery announced Monday that it plans to split into two public companies by the middle of next year.
The company will split into Streaming and Studios, which will include its movie properties and streaming service HBO Max, and Global Networks, which will include CNN, TNT Sports and Discovery.
Shares of Warner Bros. Discovery were halted in premarket trading Monday morning. The stock is down roughly 7% year to date. For more on the split, read here.
— Jacob Pramuk, Pia Singh
Asia stocks rise as investors digest China data, await Beijing-Washington trade talks
Cfoto | Future Publishing | Getty ImagesA cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao Port, Shandong Province, China on June 9, 2025.Asian markets climbed Monday as investors awaited trade talks between Washington and Beijing later in the day, and digested China inflation and trade data.
China’s consumer price inflation fell by 0.1% year on year in May, smaller than the 0.2% decline forecast by economists polled by Reuters, while the producer price index declined 3.3%, compared to a 3.2% drop expected by analysts.
Mainland China’s CSI 300 index rose 0.29% to end the day at 3,885.25 while Hong Kong’s Hang Seng Index added 1.63% to 24,181.43, and the tech-heavy Hang Seng Tech index surged 2.78% to 5,433.23.
Japan’s benchmark Nikkei 225 added 0.92% to end the day at 38,088.57, while the broader Topix index rose 0.58% to 2,785.41.
The country’s GDP contraction for the January to March quarter narrowed to an annualized 0.2%, from the 0.7% print released previously, revised estimates showed.
In South Korea, the Kospi index climbed 1.55% to end the day at 2,855.77 while the small-cap Kosdaq rose 1.06% to 764.21.
India’s benchmark Nifty 50 was up 0.43%, while the BSE Sensex added 0.37% as at 1.45 p.m. Indian Standard Time.
Australian markets were closed for a public holiday.
— Amala Balakrishner
S&P 500 membership stays the same in June update
S&P Dow Jones Indices did not announce any changes to the S&P 500 lineup on Friday, which was rebalance announcement date for the second quarter.
Robinhood was widely speculated as a leading candidate for inclusion, and the stock rose 13% last week. Shares retreated in extended trading Friday.
S&P Dow Jones Indices had already made an intra-quarter change by adding Coinbase to the S&P 500 in May, replacing Discover Financial Services.
— Jesse Pound
Apple enters WWDC in slump
Carlos Barria | ReutersApple CEO Tim Cook attends the annual developer conference event at the company’s headquarters in Cupertino, California, U.S., June 10, 2024.Apple‘s developers conference this week is an opportunity for one of the market’s biggest stocks to find its footing again.
Shares of the iPhone maker are down more than 18% year to date and have not enjoyed the same bounce-back from the early April tariff sell-off as the broader market.
One issue for Apple is that it doesn’t seem to be benefitting from the AI boom in the same way as its Big Tech brethren. Investors will be looking for information about AI features for Apple products and how the company is navigating the evolving tariff landscape.
CEO Tim Cook is slated to give a keynote address at 1 p.m. ET on Monday.
— Jesse Pound
Stock futures open little changed
Futures were calm when trading resumed on Sunday evening, with the three main futures contracts drifting marginally higher.
— Jesse Pound
Communication Services led the way in last week’s rally
The communication services group was the top performing sector in the S&P 500 last week, gaining 3.19%. The sector’s three-biggest stocks — Alphabet, Meta Platforms and Netflix — all finished higher on the week.
Meanwhile, consumer staples was the worst performing sector, sinking 1.57%.
Small caps were another bright spot, as the Russell 2000 gained 3.19% for its eighth positive week in 9.
— Jesse Pound, Christopher Hayes
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