12:39 PM EDT, 06/11/2025 (MT Newswires) -- US stocks traded mixed as investors evaluated the London trade talks with China that led to a framework agreement and a soft inflation print.

The Nasdaq Composite slightly fell to 19,707.4, the S&P 500 was unchanged at 6,038.5, and the Dow Jones Industrial Average was up 0.2% to 42,967.7. Healthcare and financials led the gainers, while materials and consumer discretionary were the biggest decliners.

US and Chinese officials have agreed on a framework for implementing the pact the two countries reached in Switzerland last month, CNBC reported after two days of talks in London between teams led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.

President Donald Trump said Wednesday that China will supply rare earths upfront as part of a trade pact subject to his approval and that of his Chinese counterpart, Xi Jinping. Proclaiming that the deal with China is "done," Trump said the US will provide to China "what was agreed to, including Chinese students using our colleges and universities."

The ICE US Dollar Index fell 0.5% to 98.64.

Inflation unexpectedly decelerated in May amid lower energy prices, data from the Bureau of Labor Statistics showed Wednesday, prompting Trump to reiterate his call to cut interest rates. The consumer price index grew 0.1% in May, lagging the Bloomberg-compiled consensus of 0.2%, which was also the pace of growth in April. Annually, inflation accelerated to 2.4% last month, matching the Street's view but up from 2.3% in April.

Most US Treasury yields fell intraday, with the 10-year down four basis points to 4.43% and the two-year 5.2 basis points lower at 3.96%.