S&P 500 above 6,000, US-China trade talks, Apple WWDC: 3 Things
In This Article:
Here are some of the things Wall Street is watching on Monday, June 9.
The S&P 500 (^GSPC) is starting to close in on a new record higher, trading above 6,000.
Trade talks between the US and China are resuming in London.
Apple (AAPL) kicks off its annual WWDC event in California.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
Let's get to the three things you need to know today.
First up, US stock futures in the green this morning is the S&P 500 nears an all-time high. The benchmark stock index closing above the key 6,000 level in Friday's trading session, just 2% away from a new record. Investors seeking catalysts to continue to drive stock gains and Wall Street seeming hopeful. Morgan Stanley's Mike Wilson sees strong earnings supporting stocks, while Goldman Sachs points to a resilient economy to help drive equity gains.
Plus the other big catalyst for investors, US trade talks with China here. Representatives from the world's two largest economies meeting today in London, following a call between President Trump and President Xi Jinping. The talks aim to resolve issues such as rare earth exports, tariffs, and restrictions on advanced technology. The talks come after both China and the US accused each other of violating a temporary trade truce.
And we have Apple's worldwide developers conference kicking off today in Cupertino, California. Investors will closely watch for Apple's artificial intelligence strategy. Wall Street skeptical of the company's advances. Kicking off at 1:00 p.m. Eastern time, the keynote address is expected to introduce redesigned software interfaces for the iPhone, iPad, Mac, Apple TV, and Apple Watch, in addition to more minor tweaks to the Vision Pro headset. According to Bloomberg's Mark Gurman.