04:33 PM EDT, 06/10/2025 (MT Newswires) -- US benchmark equity indexes closed higher on Tuesday as the US-China trade negotiations extended into the second day with a possibility of running into Wednesday.

The Nasdaq gained 0.6% to 19,714.99, the S&P 500 increased 0.6% to 6,038.81, and the Dow Jones Industrial Average advanced 0.3% to 42,866.87. Among sectors, energy led the gainers with industrials posting the sole decline.

US Treasury yields were mixed with the 10-year rate decreasing 0.1 basis points to 4.48% and the two-year rate increasing 1.2 basis points to 4.02%.

July West Texas Intermediate crude oil fell 0.6% to $64.88 a barrel.

In economic news, the World Bank lowered its global and US economic growth outlooks for 2025 and 2026.

"Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions," the World Bank said. "The turmoil has resulted in growth forecasts being cut in nearly 70% of all economies -- across all regions and income groups."

Small business optimism in May rose by three points to 98.8 from April, a survey by the National Federation of Independent Business showed. The consensus was for no change in a survey compiled by Bloomberg.

"Although optimism recovered slightly in May, uncertainty is still high among small business owners," NFIB chief economist Bill Dunkelberg said. "While the economy will continue to stumble along until the major sources of uncertainty are resolved, owners reported more positive expectations on business conditions and sales growth."

In company news, Intel ( INTC ) shares jumped 8%, the top gainer on the S&P.

Warner Bros. Discovery ( WBD ) shares jumped 5%, a day after the company said it plans to split into two publicly traded companies with one focused on streaming and movie businesses and the other on television networks.

Insmed ( INSM ) shares surged 29% after the company's phase 2b trial of treprostinil palmitil inhalation powder in patients with pulmonary arterial hypertension met its primary endpoint and all secondary efficacy endpoints.

J.M. Smucker (SJM) shares fell 16%, the steepest decline on the S&P. The company's full-year earnings guidance trailed Wall Street's expectations after fiscal Q4 sales lagged behind estimates.

Gold eased 0.2% to $3,347.80 per troy ounce, while silver fell 0.3% to $36.69 per troy ounce.