Home/Articles/Weekly Market Brief: U.S.-China Hold Inaugural Trade Talks, S&P 500 Reaches 6,000 Points

Weekly Market Brief: U.S.-China Hold Inaugural Trade Talks, S&P 500 Reaches 6,000 Points

02:41 July 8, 2025 EDT

Stock Market

U.S. Stock Market

As of the close on June 6, the S&P 500 index rose by 1.03%, closing at 6,000.36 points; the Nasdaq gained 1.20%, closing at 19,529.95

points; and the Dow Jones Industrial Average rose by 1.05%, closing at 42,762.87 points.

The S&P 500 index closed above 6,000 for the first time since February, still over 2% below its historical peak reached in February.

Source: TradingView

The best-performing sectors were technology and communication services, which gained 3.13% and 2.84%, respectively. The worst-

performing sectors were defensive consumer stocks and cyclical consumer stocks, both falling 1.36%.

In the week ending June 6, all three major indices recorded gains: the S&P 500 rose 1.5%, the Dow increased by 1.2%, and the Nasdaq

jumped 2.2%. Thanks to the recent rebound, all three indices have turned positive for the year.

Source: TradingView

The 10-year U.S. Treasury yield rose from 4.29% to 4.51%.The 30-year U.S. Treasury yield increased from 4.88% to 4.96%.

Source: TradingView

WTI crude oil price rose 2.4% to $64.67 per barrel.

Source: TradingView

Spot gold prices fell slightly by 1.20%, closing at $3,312.

Source: TradingView

Monday (June 9): U.S.-China hold the inaugural meeting of the U.S.-China Trade Dialogue Mechanism; May New York Fed 1-year inflation

expectations; U.S. court to rule on the legality of Trump's tariff policy.

Tuesday (June 10): U.S. May NFIB Small Business Confidence Index; Apple’s Worldwide Developers Conference (WWDC25) online.

Wednesday (June 11): U.S. May CPI, core CPI; U.S. weekly EIA crude oil inventories; EIA Monthly Short-Term Energy Outlook Report. U.S.

Treasury Secretary Janet Yellen testifies before the House Committee.

Thursday (June 12): U.S. May PPI, core PPI, weekly initial jobless claims, 10-year Treasury auction; Tesla’s Robotaxi service may launch in

Austin.

Friday (June 13): U.S. 1-year inflation expectations preliminary; Michigan University Consumer Confidence Index; Federal Reserve to release

the Quarterly Financial Accounts of the United States.

Disclaimer: The content of this article does not constitute a recommendation or investment advice for any financial products.