Wall Street Indexes Approach Record Levels Ahead of Two Inflation Reports

Barry Adams
09 Jun, 2025
New York City

Stock market indexes were little changed in early trading on Monday, and investors look forward to U.S.-China trade talks and inflation reports later in the week. 

The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite advanced 0.2%, as benchmarks approached record highs reached earlier in the year. 

The S&P 500 index and the tech-heavy Nasdaq Composite rebounded for the second consecutive week, and the broader index is only 3% from its record high. 

Last week, global stock markets rebounded amid growing conviction that the unilateral tariffs imposed by the U.S. president will eventually be rolled back sooner or later.

Trump tariffs, which are import taxes paid by U.S. consumers, may resurface in different forms if courts reject the Trump administration’s use of emergency laws later this week. 

For now, stock market investors are bidding up stock in the belief that the TACO—Trump Always Chickens Out—stance is the way to go.

In the week ahead, investors in the U.S. are looking forward to the release of monthly wholesale inventories and inflation reports.

On Wednesday, investors are looking forward to the release of the consumer price inflation report, and on Friday, the producer price update. 

Consumer price inflation is expected to show a slight weakening, largely reflecting weak energy prices. 

On the earnings front, investors anticipate results from Oracle, Chewy, Adobe, GameStop, United Natural Foods, Dave & Buster’s Entertainment, and Oxford Industries.

 

Commodities, Currencies, Indexes, Yields

The S&P 500 index increased 0.03% to 6,002.02, the Nasdaq Composite edged up 0.2% to 19,573.28, and the Russell 2000 index advanced 0.5% to 2,142.00.

The yield on 2-year Treasury notes edged lower to 4.03%, 10-year Treasury notes increased to 4.52%, and 30-year Treasury bonds advanced to 4.99%.

WTI crude oil increased $0.04 to $64.62 a barrel, and natural gas prices edged lower by $0.17 to $3.61 a thermal unit.

Gold increased by $0.46 to 3,312.02 an ounce, and silver edged up by $0.32 to $36.30.

The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.01 to 99.18 and traded at the lowest level since April 2022.

 

U.S. Stock Movers 

Apple Inc. added 0.4% to $204.73, and the popular phone device maker is scheduled to launch its annual gathering of developers. 

Worldwide Developers Conference kicks off today and runs until June 13 at Apple Park, Cupertino, California. 

Warner Brothers Discovery increased 7.2% to $10.54, and the media company plans to separate into two companies—a movie production studio and a streaming company. 

The company plans to complete the split by the middle of 2026. 

China-linked stocks advanced after the U.S. and China resumed their talks in London, UK, and investors are hoping that an agreement may be announced as early as this week. 

Baidu Inc. jumped 1.4% to $204.73, Alibaba Group added 1.5% to $121.17, PDD Holding advanced 1.4% to $101.98, and BYD Company declined 2.2% to $101.98.