MW U.S. stock futures flat ahead of renewed trade talks with China

By Mike Murphy

U.S. stock futures were little changed on Sunday, following a positive week for Wall Street and ahead of renewed trade talks with China set for Monday.

Dow Jones Industrial Average futures (YM00) were down around 35 points, or 0.1%, late Sunday. S&P 500 futures (ES00) and Nasdaq-100 futures (NQ00) also slipped about 0.1%. Meanwhile, front-month crude oil prices (CL.1) ticked higher while gold (GC00)retreated. Bitcoin (BTCUSD) was last around $106,000.

President Donald Trump said Friday that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer will meet with Chinese officials in London on Monday, and that the talks "should go very well."

But investors may be unnerved by this weekend's clashes between law enforcement and protesters in Los Angeles, especially after Trump ordered the deployment of up to 2,000 National Guard troops over the objections of California Gov. Gavin Newsom. On Sunday, authorities again fired tear gas at crowds there demonstrating against the Trump administration's immigration sweeps.

On Friday, the S&P 500 closed above the 6,000 level for the first time since Feb. 21. The index is just 2.3% below its record close of 6,115.15, set on Feb. 19, and experts see 6,000 as a key psychological level that could set the stage for a new record rally.

The Dow Jones Industrial Average gained 1% on Friday, erasing its 2025 losses, and the Nasdaq Composite rallied 1.2%. All three indexes ended with weekly gains for a second consecutive time, as the Dow rose 1.2% for the week, while the S&P 500 gained 1.5% and the technology-heavy Nasdaq advanced 2.2%.

All three major benchmarks closed Friday in positive territory on a year-to-date basis for the first time since Feb. 21, according to Dow Jones Market Data.

Those gains were partially spurred by a stronger-than-expected jobs report for May.

Also on Friday, President Donald Trump again pressured Federal Reserve Chair Jerome Powell to cut interest rates. The Fed's rate-setting committee next meets June 17-18, and while experts believe two rate cuts are in the cards this year, they aren't expected to come until later in the year.

This week, investors will be looking at inflation numbers for May, with the release of the consumer price index and the producer price index, and quarterly earnings reports from companies such as luxury furniture chain RH $(RH)$, retailer Victoria's Secret $(VSCO)$, videogame retailer GameStop Corp. $(GME)$ and IT giant Oracle Inc. $(ORCL)$

-Mike Murphy

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June 08, 2025 18:35 ET (22:35 GMT)

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