US stock futures drifted higher on Monday as investors looked to renewed US-China trade talks for signs either side is willing to dial down tensions and reach a tariff deal.

S&P 500 futures (ES=F) inched up 0.1%, after the broad benchmark edged above 6,000 to notch its highest close since February. Contracts on the Dow Jones Industrial Average (YM=F) and on the tech-heavy Nasdaq 100 (NQ=F) also nudged 0.1% higher.

The focus is on high-level US-China trade talks that began in London on Monday, after a phone call between President Trump and Chinese President Xi last week.

Read more: The latest on Trump’s tariffs

The stakes are high amid warnings that tariff barriers will harm economies worldwide — the US in particular. Investors are looking for a revival of the momentum shown in the Geneva pact in mid-May. Relations have soured since then, with the US and China accusing each other of not keeping to the trade truce and ratcheting up pressures in other areas.

For now, markets appear to have shaken off the volatility that has plagued markets following Trump’s early-April tariff hikes. Stocks ended last week on a high note, as encouraging jobs data helped ease fears of a recession fueled by his policy overhaul.

The economic highlight this week is May US consumer inflation print due on Friday, with the wholesale inflation report leading the way on Thursday.

On the corporate front, Apple (AAPL) kicks off its big annual WWDC developers conference on Monday. Wall Street is watching for more insight into the company’s AI plans, though not on the lines of last year’s splashy announcements.

Meanwhile, investors are keeping a wary eye on escalating tensions in Los Angeles after Trump sent in the National Guard to deal with anti-deportation protests.

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6 updates

US stock market future today show Wall Street futures trading cautiously ahead of key US-China trade talks in London and important inflation data due later this week. Dow futures are up 40 points, while S&P 500 and Nasdaq futures are slightly down. Investors are watching closely as President Trump expresses optimism about the resumed talks, which follow a pause after the Geneva round. Friday’s strong jobs report lifted the S&P 500 past 6,000 and pushed the Dow up over 400 points. Meanwhile, gold prices have dipped and the US dollar is strengthening. Stay tuned for all the latest stock market updates.

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U.S. Stock Futures (Pre-Market)

Dow Jones futures : Down 70 points (~–0.18%)

: Down 70 points (~–0.18%) S&P 500 futures : Slightly below flatline (~–0.05%)

: Slightly below flatline (~–0.05%) Nasdaq futures: Down 65 points (~–0.30%)

Friday Market Close (June 6, 2025)

S&P 500 : +1.03% to 6,000.36 (first close above 6,000 since February)

: +1.03% to (first close above 6,000 since February) Dow Jones : +443 points (+1.1%)

: +443 points (+1.1%) Nasdaq Composite: +1.2% (just 3% below all-time high)

What’s moving the US stock market today?

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Dow Jones rose more than 400 points

S&P 500 closed above 6,000, a level not seen since February 2025

Nasdaq Composite is currently just 3% away from its all-time high

Top Premarket Gainers

Circle Internet Group : +29.4% on NYSE debut

: +29.4% on NYSE debut Palantir Technologies (PLTR) : +8% on government AI contracts

: +8% on government AI contracts Tesla (TSLA) : +3.7% bounce after prior drop

: +3.7% bounce after prior drop Joby Aviation, Archer Aviation, Cameco : All up over 7%

: All up over 7% Warner Bros Discovery (WBD): +8% on restructuring news

Top Premarket Losers

EchoStar (SATS) : –9.6% amid bankruptcy speculation

: –9.6% amid bankruptcy speculation Robinhood (HOOD) : –4.8% after being excluded from S&P 500

: –4.8% after being excluded from S&P 500 AppLovin (APP): –4.2% for the same reason

Commodities & Bonds

Brent crude oil : +0.3%

: +0.3% Gold : –0.22%

: –0.22% 10-Year U.S. Treasury yield : 4.5%

: 4.5% U.S. Dollar Index : Rebounding

: Rebounding Bitcoin: ~–1% at ~$106,000

Are the US-China trade talks influencing investor sentiment?

What economic data should investors be watching this week?

How is global data, especially from China, shaping market trends?

Global Markets Today

Japan (Nikkei 225) : +0.9%

: +0.9% Hong Kong (Hang Seng) : +0.8%

: +0.8% Shanghai Composite : +0.5%

: +0.5% France (CAC 40) : Slightly lower

: Slightly lower Germany (DAX): Slightly lower

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What’s happening with gold and the US dollar this week?

What to Watch This Week

US–China trade negotiations in London

in London U.S. CPI (consumer inflation) and PPI (producer inflation) reports midweek

and reports midweek Apple WWDC event begins Monday

begins Monday Fed meeting scheduled for June 17–18

scheduled for June 17–18 Key earnings: Oracle, GameStop, RH, Victoria’s Secret

FAQs:

The US stock market is seeing cautious movement this morning as investors await the outcome of fresh US-China trade talks and a set of inflation reports expected later this week. Dow futures are showing a modest rise of 40 points, while S&P 500 futures remain slightly in the red. Nasdaq futures are also down by 65 points. These mixed signals come just days after Friday’s strong close, where the Dow Jones Industrial Average jumped over 400 points and the S&P 500 hit the 6,000 mark again for the first time since February.Meanwhile, President Donald Trump has expressed hope for a positive outcome as trade discussions with China resume in London. These talks had previously stalled following the Geneva negotiations. Market watchers are closely monitoring how this development could shape near-term sentiment.The early hours of trading show modest activity across the Wall Street futures board. While Dow futures are up by 40 points, S&P 500 futures are hovering just below the flat line, and Nasdaq futures have slipped 65 points. The movement follows a strong finish last Friday, where the jobs data came in better than expected, triggering a rally across major indices.These gains were largely driven by stronger-than-expected US employment data, which gave investors more confidence in the strength of the economy, even as inflation risks linger.Absolutely. The renewed US-China trade talks, happening in London today, are grabbing investor attention. These negotiations had been on pause since the Geneva round, and today’s meeting could pave the way for a broader agreement.President Trump told reporters he’s optimistic about the outcome, which suggests the administration is aiming for progress rather than further delays. A positive result could help reduce tensions and support trade flows between the two largest global economies—something Wall Street would certainly welcome.Investors will have their eyes on a key set of inflation figures coming out this week. Both Consumer Price Index (CPI) and Producer Price Index (PPI) data are due, and these will play a major role in shaping the Federal Reserve’s next steps on interest rates.The market is expecting a slight uptick in both consumer and wholesale inflation numbers, which could keep the Fed cautious on any plans to cut rates in the near term. Any surprise in the inflation numbers could spark significant market volatility.While the US saw some upbeat economic news last week, data out of China has been disappointing. Recent reports show signs of a slowdown in manufacturing and exports, raising concerns about demand recovery in Asia’s biggest economy.This weak performance from China may be adding pressure on the trade talks, especially since the country may be looking to ease tensions with the US to stabilize its own economic path.In commodities and currencies, we’re seeing gold prices decline, while the US dollar has bounced back slightly. The dip in gold could be a result of improving investor confidence in equities following the jobs report and optimism surrounding the trade talks.The stronger dollar, meanwhile, reflects rising expectations that the Federal Reserve might keep interest rates higher for longer if inflation doesn’t ease. This could affect not just US markets but also emerging markets and global trade dynamics.Dow futures are up 40 points ahead of trade talks and inflation data.These talks could ease tensions and boost investor confidence in global trade.

US stock futures drifted higher on Monday as investors looked to renewed US-China trade talks for signs either side is willing to dial down tensions and reach a tariff deal.

S&P 500 futures (ES=F) inched up 0.1%, after the broad benchmark edged above 6,000 to notch its highest close since February. Contracts on the Dow Jones Industrial Average (YM=F) and on the tech-heavy Nasdaq 100 (NQ=F) also nudged 0.1% higher.

The focus is on high-level US-China trade talks that began in London on Monday, after a phone call between President Trump and Chinese President Xi last week.

Read more: The latest on Trump’s tariffs

The stakes are high amid warnings that tariff barriers will harm economies worldwide — the US in particular. Investors are looking for a revival of the momentum shown in the Geneva pact in mid-May. Relations have soured since then, with the US and China accusing each other of not keeping to the trade truce and ratcheting up pressures in other areas.

CME – Delayed Quote • USD (ES=F) View Quote Details 6,012.50 – +(0.10%) As of 9:17:17 AM EDT. Market Open. ES=F YM=F NQ=F Advanced Chart

For now, markets appear to have shaken off the volatility that has plagued markets following Trump’s early-April tariff hikes. Stocks ended last week on a high note, as encouraging jobs data helped ease fears of a recession fueled by his policy overhaul.

The economic highlight this week is May US consumer inflation print due on Friday, with the wholesale inflation report leading the way on Thursday.

On the corporate front, Apple (AAPL) kicks off its big annual WWDC developers conference on Monday. Wall Street is watching for more insight into the company’s AI plans, though not on the lines of last year’s splashy announcements.

Meanwhile, investors are keeping a wary eye on escalating tensions in Los Angeles after Trump sent in the National Guard to deal with anti-deportation protests.

LIVE

6 updates

Avishek Das / SOPA Images / LightRocket via Getty Images Apple’s WWDC 2025 conference kicks off Monday.

U.S. stock futures are ticking higher as investors watch for developments in trade talks between the U.S. and China; Apple (AAPL) is expected to announce updates to its Apple Intelligence AI platform as part of this week’s developers conference; Tesla (TSLA) shares are moving lower in premarket trading as President Donald Trump said his relationship with CEO Elon Musk was over; and Warner Bros. Discovery (WBD) says it will split into two companies, separating its streaming and studio operations from its cable programming. Here’s what investors need to know today.

1. US Stock Futures Edging Higher to Begin Week

U.S. stock futures are pointing slightly higher as investors look ahead this week to trade talks between the U.S. and China today and key inflation data and corporate updates. S&P 500 futures are 0.2% higher after the benchmark index hit the 6,000 level Friday for the first time since February. Dow Jones Industrial Average and Nasdaq futures are up 0.2% and 0.1%, respectively. Bitcoin (BTCUSD) is about 1% higher to trade at more than $107,000. The yield on the 10-year Treasury note is little changed. Oil futures are higher. Gold futures are pointing slightly lower.

2. Export Controls on Agenda as US, China Trade Officials Meet Today

U.S. and Chinese officials will meet in London on Monday to discuss trade issues amid escalating tariff and export restrictions. While the tariffs each side set on the other will be discussed, reports indicated that trade export restrictions would also be addressed, as President Donald Trump has raised issues with Chinese restrictions on exports of rare-earth minerals and magnets. China is likely to push the U.S. to loosen restrictions on the sale of jet engines and other technologies during the discussions, according to The Wall Street Journal. The talks follow a phone call last week between Trump and Chinese leader Xi Jinping after each side paused further tariff increases last month.

3. Apple Expected to Announce New AI Features at WWDC

Apple’s (AAPL) annual Worldwide Developers Conference kicks off today, with CEO Tim Cook set to deliver a keynote address at 1 p.m. ET. Cook is expected to focus on Apple Intelligence, the company’s hub of artificial intelligence (AI) features. Analysts at Goldman Sachs said that the tech titan could use the event to announce new partnerships and apps, including a potential deal with Google to integrate its Gemini large language model into Apple’s AI features. Apple shares, down nearly 20% this year entering Monday, are up about 0.6% in premarket trading.

S&P 500 futures edged up slightly this morning, reflecting cautious optimism among investors. Asian markets mostly rose while European markets were flat in early trading. Investor sentiment is being buoyed by U.S.-China trade talks in London and downward revisions to U.S. payroll estimates—suggesting the Fed may consider cutting interest rates later this year, a move typically supportive for stocks.

S&P 500 futures traded up marginally this morning after most Asian markets rose and Europe stayed flat in early trading. Investors appear to be focused on two things which are both good for stocks:

U.S.-China trade talks are happening in London today, offering some hope that tariff rates might eventually be lowered.

Early signs of weakening U.S. labor market data indicate that the U.S. Federal Reserve may be tempted to cut interest rates later this year—and low rates are generally good for stocks.

In the labor market data, analysts noted that there has been a series of downward revisions to initial payroll estimates, which indicates that the hard data is weakening even though the U.S. economy is still holding up well.

“Mr. Trump is right; the labor market will need substantial Fed easing soon,” Pantheon Macroeconomics’ Samuel Tombs and Oliver Allen told clients in a research note. “The pattern of downward revisions to initial estimates of payrolls has re-emerged with a vengeance.”

At Daiwa Capital Markets, Lawrence Werther and Brendan Stuart said something similar: The Fed will take note of “large downward revisions to recent payroll growth, disappointing data from the household survey obscured somewhat by a stable, low unemployment rate, and a pickup in layoffs, to name a few. Again, these are only a subset of the employment statistics – and in our view they do not portend an immediate collapse in hiring – but they do keep ajar the door to cuts later this year,” they said in a note seen by Fortune.

And then there is government spending. Growth in fiscal spending is likely to slow, according to JPMorgan. That could also tempt the Fed to lower interest rates in order to make money cheaper. “A less appreciated slowdown in US government spending and tightening in immigration policy are set to weigh on the expansion. … These policy shifts are largely a US story and are reflected in our forecast that a period of sustained above-potential US growth is over. However, this will also weigh on global growth,” Bruce Kasman and his team told clients.

Here’s a snapshot of the action prior to the opening in New York this morning:

S&P 500 futures traded up marginally this morning.

The index itself closed above 6,000 on Friday, re-achieving a level it last saw in February. It’s up 2% YTD.

The Stoxx Europe 600 and the UK’s FTSE 100 were both flat in early trading.

Hong Kong’s Hang Seng closed up 1.63% this morning.

South Korea’s Kospi was up 1.55%.

Japan’s Nikkei 225 was up 0.92%.

China’s SSE Composite was up 0.43%.

This story was originally featured on Fortune.com