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Stocks Mostly Up Pre-Bell as Traders Await US-China Trade Talks, Key Inflation Data
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Stocks Mostly Up Pre-Bell as Traders Await US-China Trade Talks, Key Inflation Data
Jun 9, 2025 5:00 AM

07:32 AM EDT, 06/09/2025 (MT Newswires) -- The benchmark US stock measures were mostly pointing higher before the opening bell Monday as investors await renewed US-China trade talks and key inflation data scheduled to be released later in the week.

The S&P 500 and the Dow Jones Industrial Average edged up 0.1% each in premarket activity, while the Nasdaq was slightly in the red. The indexes finished Friday's trading session in the green.

US Treasury Secretary Scott Bessent and two other officials are expected to hold trade talks with representatives from China in London on Monday, President Donald Trump said in a social media post Friday. That came a day after Trump said that he held a phone call with his Chinese counterpart, Xi Jinping. Previously, the countries accused each other of violating their preliminary trade deal.

Investors will also focus on the consumer price index report for May on Wednesday, followed by the producer price index report for the same month on Thursday. Last week, government data showed that the US economy added more jobs than expected in May.

US Treasury yields were down in premarket action, with the two-year rate retreating 2.7 basis points to 4.02% and the 10-year rate falling 2 basis points to 4.49%.

Shares of Tesla (TSLA) fell 2.6% pre-bell as Trump said he had no desire to reconcile with the electric vehicle maker's chief executive, Elon Musk, following their recent feud on social media. "I have no intention of speaking to him," Trump reportedly told NBC News in an interview Saturday.

Qualcomm's ( QCOM ) stock ticked 0.9% higher as the chip supplier agreed to acquire Alphawave IP Group in a deal with an enterprise value of about $2.4 billion. IonQ ( IONQ ) advanced 4% after the quantum computing hardware and software firm announced a $1.08 billion cash-and-stock deal to purchase UK-based Oxford Ionics.

VinFast Auto ( VFS ) is scheduled to report its latest financial results before the bell, among others, while Caseys General Stores ( CASY ) posts earnings after the markets close.

West Texas Intermediate crude oil rose 0.3% to $64.79 a barrel before the open. Gold slipped 0.4% to $3,334 per troy ounce, while bitcoin inclined 0.8% to $107,166.

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