Daily Updates

The S&P 500 and Nasdaq closed marginally higher last night after a choppy session, with market sentiment receiving some support from hopes about the US-China trade talks.

US stocks bounced on Friday, with the S&P 500 closing at 6,000 for the first time since February, while US Treasury yields rose sharply and the greenback picked up, supported by a headline nonfarm payrolls number that was not quite as weak as expected by the market. The mood on financial markets was also helped by news that US and Chinese officials will resume trade talks in London later today.

US equities closed in the red last night, despite an encouraging start sparked by a phone conversation between US President Donald Trump and his Chinese counterpart Xi Jinping. The losses on Wall Street were led by consumer discretionary, more specifically Tesla shares, as President Trump suggested ending Elon Musk’s government contracts and subsidies.

US stocks were mixed after a choppy session, while US Treasury yields dropped across the yield curve as fed funds rate expectations re-intensified following a set of disappointing US economic reports.

US stocks closed higher after a sluggish start overnight, supported by the upside surprise to JOLTS job openings. OECD has cut its global GDP forecasts to 2.9% in both 2025 and 2026, to reflect the impacts of a decline in confidence due to US trade policy; the forecasts assumed trade policies remaining unchanged from the mid-May settings.

The S&P 500 rose by 0.4% last night, following a flat result on Friday that concluded the best trading month since November 2023.