01:38 PM EDT, 06/09/2025 (MT Newswires) -- US stocks rose in midday trading Monday as trade tariff talks began with China and after most government bond yields fell amid declining inflation expectations.

The Nasdaq rose 0.4% to 19,604.4, and the S&P 500 climbed 0.3% to 6,015.7. The Dow Jones Industrial Average was up 0.2% to 42,849.1 after trading lower earlier in the session. Energy and materials led the gainers, while financials and consumer staples were the only decliners intraday.

All eyes are on the delegations headed by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in London on Monday. The officials will try to get the "stalled" discussions back on track following a preliminary agreement in Geneva last month that helped ease bilateral tensions by setting the stage for Washington and Beijing to begin discussing tariffs and export controls.

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. The median inflation growth expectations were lowered to 3% from 3.2% for the three years ahead and narrowed to 2.6% from 2.7% in the five-year forward.

Wholesale inventories rose 0.2% in April, revised from flat in the advance estimate and following a 0.3% gain in March. Analysts in a Bloomberg-compiled survey expected April inventories to be unrevised.

Most US Treasury yields fell, with the 10-year down 3.2 basis points to 4.47% and the two-year rate 4.2 basis points lower at 4%.

In company news, Apple ( AAPL ) will likely present a range of features through Apple Intelligence, including a revamped operating system, at its Worldwide Developers Conference, Wedbush said in a note. The tech giant will probably not introduce any "groundbreaking" news, but the first rollout of Apple Intelligence is "just the beginning" of a "broader" AI roadmap.

Shares of Tesla (TSLA) were slightly higher in midday trading, recovering from a drop in premarket as President Donald 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.

Reuters cited flight tracking data from Flightradar24 in a report saying a new Boeing ( BA ) 737 Max aircraft landed in China Monday, signaling that the company is resuming deliveries in the country amid easing trade tensions with the US. Shares of the US aircraft manufacturer rose 2.8% intraday, the biggest gainer on the Dow.

West Texas Intermediate crude oil futures advanced 0.5% to $64.90 a barrel.

Gold futures rose 0.2% to $3,354.42 per ounce.