Market Snapshot for Monday 6/9/2025
- S&P 500 – 6,005.88 (+0.09%)
- Dow Jones – 42,761.76 (+1.05%)
- NASDAQ – 19,591.24 (+0.31%)
Market Performance
On Monday, U.S. equities edged higher as optimism grew over renewed trade talks between the U.S. and China. The first day of negotiations concluded on a positive note, lifting market sentiment. The S&P 500 (^GSPC) rose 0.1%, remaining just over 2% below its all-time closing high. The Dow Jones Industrial Average (^DJI) was unchanged, while the Nasdaq Composite (^IXIC) added about 0.3%.
Equities gained as U.S. and Chinese officials met in London, focusing on reducing tensions related to technology and rare earth minerals. More talks are expected to follow. Consumer discretionary and materials stocks led the gains, while utilities and financials underperformed.
In global markets, Asian stocks mostly rose despite China’s May exports falling short of expectations. A sharp 34% drop in shipments to the U.S.—the steepest monthly decline since the COVID-19 outbreak—was partly offset by increased exports to other regions. European markets, however, finished broadly lower. Meanwhile, the U.S. dollar weakened against major currencies, and WTI crude oil extended its recent rally.
Economic Takeaways –
- High-level trade talks between the U.S. and China kicked off in London on Monday and were scheduled to resume Tuesday, following a phone call last week between President Trump and Chinese President Xi. Speaking from the White House on Monday, Trump said, “We are doing well with China,” while noting that “China’s not easy.” He added, “I’m only getting good reports.”
- The key economic event this week is the release of May’s U.S. consumer inflation data on Friday, preceded by the wholesale inflation report on Thursday.
- On the corporate side, Apple (AAPL) unveiled a major overhaul of its iOS operating system during its annual Worldwide Developers Conference. The redesigned interface, dubbed Liquid Glass, aims to deliver a more responsive user experience across Apple’s range of devices.
- Bond yields fell, with the 10-year Treasury yield at 4.48%.
Gold –
- Gold futures opened at $3,333.40 per ounce Monday, up 0.3% from Friday’s close of $3,322.70.
Oil –
- WTI crude held above $64.00 per barrel on Monday, marking a seven-week high.
- Oil markets are gaining on expectations that summer travel and easing U.S.-China trade tensions will support demand.
- While OPEC’s recent production hike hasn’t yet impacted global supply, it’s expected to soon—potentially setting the stage for a pullback in WTI prices.
Bitcoin –
- Bitcoin rose above $108,000 per token.
- The cryptocurrency is up 16% year-to-date.
- Crypto-related stocks climbed as well. MicroStrategy (MSTR), the largest publicly traded holder of bitcoin, jumped more than 4%. Marathon Digital Holdings (MARA) and Galaxy Digital (GLXY-TO) also advanced, boosted by bitcoin’s latest rally.
Trump Says Fed Chair Decision Coming Soon
President Donald Trump said last Friday that a decision on the next Federal Reserve chair will be announced “very soon,” and emphasized that a strong pick would be one inclined to lower interest rates.
“It’s coming out very soon,” Trump told reporters aboard Air Force One.
When asked specifically about former Fed governor Kevin Warsh, Trump responded, “He’s very highly thought of.” Warsh is widely viewed as a leading contender for the role.
Trump recently reiterated his call for the Federal Reserve to slash interest rates by a full percentage point and criticized current Chair Jerome Powell for being too slow to act. The president, who has repeatedly pressured Powell to cut rates, met with him face-to-face last week and reportedly told him he was making a “mistake” by not easing policy.
Disney Finalizes Hulu Deal with Additional $438.7 Million Payment to NBCUniversal
Walt Disney announced on Monday that it has finalized its acquisition of Hulu, agreeing to pay NBCUniversal an additional $438.7 million for its remaining stake in the streaming platform.
The deal gives Disney full ownership of Hulu, paving the way for deeper integration with Disney+ and ESPN’s upcoming direct-to-consumer service, according to a statement from CEO Bob Iger. Comcast had agreed to sell its 33% stake back in 2019 after Disney secured majority control through its $71 billion acquisition of 21st Century Fox’s entertainment assets. That agreement set Hulu’s minimum valuation at $27.5 billion, with the final price determined through a third-party appraisal.
Hulu, home to hit originals like The Bear and Only Murders in the Building, reported 54.7 million subscribers at the end of Disney’s second fiscal quarter.
“Hulu was a great start for us in streaming that generated nearly $10 billion in proceeds for Comcast and created an important audience for NBCUniversal’s world-class content,” Comcast said in a statement.
Apple Unveils ‘Liquid Glass’ Operating System Redesign
Apple (AAPL) introduced a major redesign of its operating system on Monday, dubbed “Liquid Glass.”
The new interface was revealed during the company’s annual Worldwide Developers Conference, where Apple showcases its latest technological innovations and software updates.
Top Gainers
Several stocks experienced significant gains. Some of the top gainers included:
- Newegg Commerce, Inc. (NEGG) moved higher 31.63%
- Joby Aviation, Inc. (JOBY) soared by 13.67%
- AST SpaceMobile, Inc. (ASTS) exploded 11.64%
- Cameco Corp. (CCJ) surged 10.74%
- The Goodyear Tire & Rubber Company (GT) rose 10.71%
- Archer Aviation (ACHR) moved up 10.50%
- Kingsoft Cloud Holding (KC) jumped 9.69%
- Quaker Chemical Corp. (KWR) spiked 9.60%
- Semtech Corporation (SMTC) moved up 9.25%
- Nebius Group N.V. (NBIS) surged 8.91%
Top Losers
The top US stock losers today, based on percentage change included:
- Argan, Inc. (AGX) moved lower 10.34%
- Oddity Tech, Ltd. (ODD) moved lower 10.20%
- Avidity Biosciences, Inc. (RNA) sank 9.88%
- EchoStar Corp. (SATS) fell 8.52%
- AppLovin Corp. (APP) down 8.21%
- Edison International (EIX) moved lower 8.07%
- Sarepta Therapeutics, Inc. (SRPT) sank 7.67%
- PG&E Corp. (PCG) dragged 6.78%
- Regencell Biosciences (RGC) moved down 6.55%
- Universal Health Services (UHS) slumped 6.14%
Notables
- Tesla (TSLA) dipped 1.7% in pre-market trading following a public feud between former President Donald Trump and CEO Elon Musk. If tensions escalate further this week, the fallout could impact not only Tesla but also competitors to Musk’s SpaceX. Tesla shares fell 14.8% last week. Attention now shifts to the potential unveiling of Tesla’s Robotaxi in Austin, Texas, and a downgrade from Baird, which lowered its rating on the stock to Neutral.
- AppLovin (APP) dropped 3.8% after Bloomberg reported investor disappointment over the company not being added to the S&P 500® index (SPX).
- Warner Bros. Discovery (WBD) surged 8.4% in pre-market trading after announcing plans to split into two publicly traded entities: Streaming & Studios and Global Networks. The company said the move would allow each segment to strengthen its respective brand.
- Omada Health (OMDA) edged higher following a more than 40% gain on Friday during its IPO debut. The company specializes in virtual care for chronic conditions.
- Qualcomm (QCOM) gained 1% after revealing it will acquire Alphawave Semi for $2.4 billion. Qualcomm said the deal will enhance its portfolio by combining Alphawave’s high-speed wired connectivity and compute solutions with its own processing technologies.
- Circle (CRCL) extended its post-IPO rally on Monday, climbing for a third consecutive session after last week’s blockbuster debut. The stablecoin issuer’s stock jumped over 15%, trading near $122 per share and pushing its market valuation to approximately $24 billion.
- Shares of International Business Machines (IBM) hit all-time highs, surpassing a market cap of $250 billion for the first time in the company’s history.
- Robinhood (HOOD) stock slipped 4% after it didn’t make it into the benchmark S&P 500 index as some speculated it might.
What to Watch Ahead
Consumer price index (CPI) inflation for May will be released on Wednesday, with forecasts calling for inflation to rise to 2.5% annualized, up from 2.3% through April. Investors can also look forward to GameStop (GME) and Stitch Fix (SFIX) earnings tomorrow.
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