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S&P 500 Ekes Out Gain As Investors Await US-China Trade News: Closing Bell
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June 9, 2025
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6:10
10:08Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
Wall Street traders glued to their screens amid commercial talks between the US and China drove stocks mildly higher, with officials hinting at progress in negotiations that are set to resume Tuesday. Bonds bounced after Friday’s selloff as inflation expectations eased. The dollar fell.
The S&P 500 eked out a gain, remaining nearly 2% away from its February peak. Tesla Inc. jumped about 4.5% as President Donald Trump reiterated the desire to end his spat with Elon Musk, saying he’d retain Starlink internet service at the White House and wished his billionaire backer “very well.” Apple Inc. slipped over 1% as it didn’t feature any noticeable artificial-intelligence advancements during a developers conference.
US Commerce Secretary Howard Lutnick said discussions between Washington and Beijing were “fruitful” and Treasury Secretary Scott Bessent cited a “good meeting.” “We are doing well with China. China’s not easy,” Trump told reporters at the White House on Monday. “I’m only getting good reports.”
Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. The advisers will meet again Tuesday at 10 a.m. in London, the official said.
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