Futures tied to the Dow Jones Industrial Average (YM=F), S&P 500 (ES=F), and Nasdaq 100 (NQ=F) were mostly flat in early morning trading. This hesitant tone reflected the market’s uncertainty about whether this round of trade negotiations will lead to any breakthroughs — or just more delays.
Major U.S. Indices & Futures (Premarket – June 10, 2025)
| Index/Future | Status |
| Dow Jones Futures | Slightly lower (~–0.06 %) |
| S&P 500 Futures | Flat to marginally positive (+0.00 %) |
| Nasdaq Futures | Up around +0.07 % (tech‑led optimism) |
Premarket Top Gainers
- Insmed Inc. (INSM): +17.1 %
- Casey’s General Stores (CASY): +10.2 %
- Summit Therapeutics (SMMT), Circle Internet Group (CRCL), IDACORP (IDA): each up ≥3 %
- From broader premarket screen:
- Evogene (EVGN): +164 %
- Magic Empire Global (MEGL): +128 %
- Carisma Therapeutics (CARM): +77 %
Premarket Top Losers
- United Therapeutics (UTHR): –12.9 %
- J.M. Smucker Co. (SJM): –7.9 %
- Others from broader list:
- Unicycive Therapeutics (UNCY): –45 %
- Baiya International (BIYA): –40 %
- Calavo Growers (CVGW): –14 %
Yesterday’s Regular Session Highlights (June 9, 2025)
- S&P 500: +0.09 %, closing around 6,005.9
- Dow Jones: Flat, around 42,761.8
- Nasdaq Composite: +0.31 %, near 19,591.2
Top gainers (S&P 500):
- Helmerich & Payne: +5.43 %
- Vornado Realty Trust: +5.26 %
- Regeneron: +5.02 %
- AMD: +4.72 %
- Tesla: +4.36 %
Top losers (S&P 500):
- Edison International: –8.05 %
- PG&E: –6.60 %
- Universal Health Services: –6.18 %
- Intuitive Surgical: –5.58 %
- Mosaic: –5.01 %
Dow gainers: Boeing +3.07 %, Dow Inc +2.87 %, Intel +1.94 %, Amazon +1.51 %, Disney +1.49 %
Dow losers: Travelers –2.19 %, Nike –1.45 %, Apple –1.37 %, Visa –1.04 %, 3M –0.93 % Nasdaq gainers: Regeneron +5.02 %, AMD +4.72 %, Tesla +4.36 %, Qualcomm +4.12 %, Texas Instruments +3.49 %
Nasdaq losers: Intuitive Surgical –5.58 %, T‑Mobile –3.28 %, ADP –2.60 %, Netflix –1.46 %, Apple –1.37 %
Why are US-China trade talks causing market caution?
The latest round of US-China trade negotiations resumed in London on Tuesday morning. Following an encouraging first day, both sides are now grappling with more difficult issues — including the US push for better access to China’s rare earth mineral supply chain. These minerals are critical for technology, electric vehicles, and defense manufacturing.
While White House officials sounded optimistic on Monday, President Trump later warned that “China’s not easy” to deal with. That mixed messaging has left investors on edge. The last few years have shown how quickly tariffs and tensions between the US and China can send global markets swinging.
Market Overview
- Futures and ETFs are mostly subdued, with S&P‑500‑tracking SPY nearly flat, Dow‑tracking DIA dipping slightly, and QQQ (Nasdaq‑100) modestly positive.
- This calm premarket behavior reflects investor caution amid day‑two U.S.–China trade talks in London.
What happened to Chinese stocks amid the talks?
Ahead of Tuesday’s trade discussions, Chinese stocks saw a sharp decline, reflecting nervous sentiment among local investors. According to Bloomberg, Fu Shifeng, investment director at Cheng Zhou Investment, commented that “the market is too sensitive… people seem to be speculating that the talks didn’t go well.”
This sudden drop suggests that optimism about a deal is thin, and the lack of transparency around the talks is adding to the volatility. With no clear signals yet, traders are bracing for anything.
How are small businesses reacting in the US?
Amid all the trade uncertainty, a small glimmer of positivity came from the NFIB (National Federation of Independent Business). Their May survey showed a rise in small-business optimism, the first increase since September. The report cited the current trade truce with China as one reason behind the boost in confidence.
However, that optimism is also being tested. Concerns are growing over President Trump’s massive tax-and-spending proposals, which many business owners feel could raise the national debt and increase inflation.
Key Drivers
- U.S.–China Trade Negotiations: Futures show minimal movement, echoing mixed signs of progress as both sides look to ease export controls in return for rare-earth supply concessions.
- Precedence of U.S. Inflation Data: The market is eagerly awaiting the Consumer Price Index on Wednesday, which could significantly influence rate expectations.
- Sector-Specific Movers: Growth in semiconductor stocks like TSMC is propping up the tech-heavy Nasdaq futures. Apple fell slightly after its WWDC updates, while Meta’s AI announcement also captured investor attention
What are analysts watching next in the stock market?
The next big moment for investors is the release of the May Consumer Price Index (CPI) data, expected on Wednesday. This inflation report is crucial, especially as the Fed continues weighing future interest rate decisions.
Analysts predict that price pressures picked up in May, possibly fueled by trade uncertainty and higher import costs. A hotter-than-expected CPI reading could spook markets further, especially tech stocks which are more sensitive to interest rate shifts.
What’s the big takeaway for investors right now?
Markets are walking a tightrope. US-China trade talks have the potential to ease global tensions and lift investor sentiment — but only if they show meaningful progress. At the same time, inflation data, US fiscal policy concerns, and overseas market volatility are keeping things tense.
For now, investors are taking a wait-and-see approach. Futures are flat, volatility is rising in Asia, and every headline from London could move the needle. The next 24–48 hours could be critical in setting the tone for the markets this week.
FAQs:
Q1: What’s moving the stock market today during the US-China trade talks?
Ongoing US-China talks and inflation worries are keeping stock futures flat and investors cautious.
Q2: Why are investors watching the May CPI report closely?
The CPI report could reveal rising inflation, which may affect Fed rate decisions and stock market direction.
