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Dow Jones yawns as U.S.-China trade talks kick off again

Dow Jones yawns as U.S.-China trade talks kick off again

Date: 2025-06-09 21:45:29 | By Gwendolyn Pierce

U.S. Markets Hold Steady Amid U.S.-China Trade Talks

The U.S. stock market barely budged today as investors kept a close eye on the latest round of trade talks between American and Chinese officials. It's like watching a high-stakes poker game, and everyone's holding their breath!

Despite hopes that tensions might ease and tariffs could be rolled back, the big indexes didn't budge much. The Dow Jones Industrial Average dipped by just one point, while the S&P 500 and Nasdaq edged up by 5.52 and 61.28 points respectively. Talk about a nail-biter!

The high-level U.S.-China trade talks went down in London, with Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick leading the charge. These guys are in the thick of it, trying to hash out a deal that could shake up global markets.

US-China Talks Progress

National Economic Council Director Kevin Hassett spilled the beans to CNBC, saying the U.S. is gunning for solid commitments from China on critical mineral exports. He's hoping that if talks keep moving forward, rare earth shipments will start flowing again. It's all about keeping those supply chains humming!

The semiconductor sector went wild today. Qualcomm shot up over 4% after dropping $2.4 billion on chipmaker Alphawave. Meanwhile, Advanced Micro Devices and Texas Instruments each jumped more than 4%, and Nvidia also edged higher. These stocks are on fire!

Over in China, tech giant Alibaba climbed 2%, showing just how much optimism is swirling around improved bilateral relations. It's like a breath of fresh air for investors!

“Investors are going all in on China's big players and U.S. semiconductor stocks today. They're the ones who stand to gain big from these U.S./China trade talks,” said Larry Tentarelli from Blue Chip Daily Trend Report. He's got his finger on the pulse of the market!

But not everyone's feeling the love. Apple shares took a hit, falling 1.5% during its 2025 Worldwide Developers Conference. They unveiled their first major iPhone OS redesign since 2013, but it wasn't enough to keep investors on board. Tough break for the tech giant!

And hold onto your hats, folks – key inflation data is coming up later this week. We've got the consumer price index on Wednesday and the producer price index on Thursday. These numbers could tell us a lot about how tariffs are messing with prices.

Analysts are chomping at the bit to see these figures. They're hoping for some real insight into the impact of these tariffs.

Today's gains come on the heels of two straight weeks of growth for all three major indexes. It's a sign that investors are starting to feel more confident about a stable global trade environment. Let's see if this momentum keeps rolling!

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