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US stock market today: S&P 500 flat, Dow Jones down, Nasdaq‑100 up— biggest gainers, losers as Wall Street eyes US-China trade talks and potential tariff deal

US stock market today: S&P 500 flat, Dow Jones down, Nasdaq‑100 up— biggest gainers, losers as Wall Street eyes US-China trade talks and potential tariff deal

Time of Indiaa day ago

US
stock market live
update: Dow Jones drops 185 points as investors await
US-China trade talks
progress-
The US stock market opened slightly weaker on Monday, June 9, as Wall Street turned its attention to critical trade talks between the United States and China. Early trading saw the Dow Jones Industrial Average fall by 185 points, or about 0.5%, marking a cautious start to the week. The S&P 500 dipped 0.1%, while the Nasdaq Composite edged up slightly by 0.1% around 9:35 a.m. Eastern Time.
Traders are closely watching the developments in London, where senior officials from both countries are meeting to ease long-standing trade tensions. The discussions aim to address a range of economic disputes and possibly roll back mutual tariffs that have been weighing on global supply chains for years.
How are the major indices performing?
S&P 500 (SPY):
Sitting steady at about 599.15, virtually unchanged from the previous close, remaining just under the 6,000 mark.
Dow Jones Industrial Average (DIA):
Dropping roughly 0.21% to 427.47, reflecting some investor caution.
Nasdaq-100 (QQQ):
Climbing around 0.16% to 530.77, fueled by strength in the tech sector.
Which stocks are making the biggest moves?
Top gainers today include:
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Bros Discovery:
Surging 7-9% following news of a company split.
IonQ:
Up about 3% after announcing an acquisition of Oxford Ionics.
Merck:
Rising 1.1%, boosted by positive trial results.
Nvidia:
Gaining between 1.3% and 2.3%, riding the wave of AI enthusiasm.
Qualcomm:
Jumping 4.4% on completion of its Alphawave IP purchase.
Apple:
Adding 0.7%, supported by new AI features unveiled at the WWDC event.
Biggest losers include:
Robinhood:
Dropping 7.4% after being excluded from the S&P 500 index.
Tesla:
Down between 0.3% and 2%, impacted by a recent downgrade and fallout from Musk-related news.
EchoStar:
Falling 8.2% amid bankruptcy rumors.
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Why are the US and China meeting now — and what's at stake for the stock market?
This week's US-China trade talks are seen as pivotal for the global economy. Tariffs imposed in past years have disrupted everything from electronics to heavy equipment. Though those tariffs are currently paused, no permanent deal has been reached.
Analysts believe that progress in these talks could help avoid a potential economic slowdown or even a recession, especially if they result in the reduction or removal of tariffs on both sides. A positive outcome could also reignite investor confidence and fuel another leg up in the US stock market rally.
These modest moves reflect investor hesitancy. Market players are clearly waiting for concrete news before making big decisions. The S&P 500 remains just 2.5% below its all-time high, buoyed by hopes that the US may reach trade agreements that roll back tariffs globally.
What's driving the stock market recovery in 2025?
One major factor behind the stock market's strong recovery has been the belief that President Donald Trump will reduce trade barriers as part of broader global deals. After plunging by nearly 20% from its peak two months ago, the S&P 500 has made a swift comeback.
That optimism is largely driven by expectations that smoother trade relations — particularly with major economies like China — will relieve pressure on multinational companies and bring stability back to supply chains.
Are tariffs still in effect, and why does it matter now?
Currently, both the US and China have put a pause on new tariffs, but existing ones remain. These tariffs have cost industries billions, increased consumer prices, and created uncertainty for global manufacturers.
What's important now is whether these paused tariffs are finally lifted. This could significantly improve the flow of goods, lower costs, and potentially lead to more business investments, especially in sectors like tech, agriculture, and manufacturing.
Could US-China trade deals shape the next market trend?
Absolutely. Any meaningful breakthrough in US-China trade negotiations could serve as a key catalyst for markets. Investors are looking for long-term clarity, not just temporary relief.
If Monday's talks in London show signs of real progress, we could see increased investor confidence, reduced market volatility, and fresh momentum across Dow Jones, S&P 500, and Nasdaq.
But without a deal, continued uncertainty could weigh on the markets in the coming weeks.
What's driving the market today?
Trade talks between the U.S. and China
in London continue to shape investor sentiment, contributing to the Dow's decline and a slight Nasdaq boost.
Inflation concerns remain front and center
, with traders awaiting this week's CPI and core PCE data releases. Expectations suggest the Federal Reserve may hold interest rates steady for now.
Sector trends
show technology stocks powering the gains, while healthcare lags behind.
What should investors watch next?
Investors should keep a close eye on the statements or outcomes from the US-China meetings. Any mention of progress on tariff rollbacks, trade agreements, or economic cooperation could trigger immediate market reactions.
It's also worth noting that the Federal Reserve's next move, broader economic indicators, and the 2024 US election climate remain in focus as secondary factors influencing the market direction.
FAQs:
Q1: Why did the Dow Jones fall 185 points today?
The Dow Jones dropped due to investor caution ahead of the US-China trade talks.
Q2: What are US-China trade talks about?
The talks aim to ease tariffs and settle long-running trade disputes affecting the global economy.

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