04:27 PM EDT, 06/09/2025 (MT Newswires) -- US benchmark equity indexes closed mixed on Monday, as the US and China initiated the latest round of trade negotiations.

The Nasdaq was up 0.3% to 19,591.24, while the S&P 500 increased 0.1% to 6,005.88. The Dow Jones Industrial Average remained flat at 42,761.76. Among sectors, consumer discretionary headed the gainers rally, while utilities paced the decliners.

US Treasury yields were lower, with the 10-year rate decreasing 2.3 basis points to 4.49% and the two-year rate dropping 3.1 basis points to 4.01%.

July West Texas Intermediate crude oil increased 1.2% to $65.35 a barrel on Monday.

Officials from the Trump administration are holding trade talks with representatives from China in London. US President Donald Trump said last week that he held a phone call with his Chinese counterpart, Xi Jinping.

In economic news, consumer expectations for one-year US inflation growth eased to 3.2% in May from 3.6% in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday.

Total inventories of merchant wholesalers in the US were $908.7 billion at the end of April, up 0.2% from March. On a year-over-year basis, inventories increased by 2.3%.

In company news, Edison International's ( EIX ) shares fell 8.1%, the worst performer on the S&P 500. Wolfe Research downgraded its rating on the company's stock to peer perform from outperform.

Universal Health Services ( UHS ) fell 6.2% following last week's reports that Senate Republicans are mulling a reduction in Medicare spending. Intuitive Surgical ( ISRG ) was down 5.6%, and HCA Healthcare ( HCA ) declined 2.9%.

ON Semiconductor (ON) shares jumped 4.4% after BofA Securities raised the price target on the company's stock to $60 from $55.

Gold increased 0.2% to $3,354.60 per troy ounce, while silver was up 2.3% to $36.96 per troy ounce.