The S&P 500 Index ($SPX) is up 0.21%, the Dow Jones Industrials Index ($DOWI) is up 0.01%, and the Nasdaq 100 Index ($IUXX) is up 0.15% as of today. June E-mini S&P futures and June E-mini Nasdaq futures are also showing gains of 0.29% and 0.25%, respectively. This rally is occurring against the backdrop of ongoing US-China trade talks, with President Trump reporting positive developments.
Today, trade negotiators from the US and China are meeting in London. The 10-year Treasury note yield has decreased by 3 basis points to 4.44%, contributing to stock market gains, alongside a rise in WTI crude oil prices to a 2-1/4 month high, boosting energy sector stocks. Notably, today’s market is focused on tariff news and the upcoming economic indicators, including a projected increase in May CPI from 2.3% to 2.5% year-over-year.
In overseas markets, the Euro Stoxx 50 is down 0.03%, while Japan’s Nikkei 225 is up 0.32%. The UK reported a decline of 109,000 payrolled employees in May, significantly worse than expectations. The Eurozone’s investor confidence index rose to a one-year high of 0.2, above forecasts.
