The S&P 500 Index ($SPX) (SPY) Monday closed up +0.06%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.03%. June E-mini S&P futures (ESM25) are up +0.03%, and June E-mini Nasdaq futures (NQM25) are down -0.18%.
Stock indexes on Monday settled mixed, with the S&P 500 posting a 3-1/2 week high and the Dow Jones Industrials climbing to a 1-1/2 week high. Hopes that the US will be close to trade deals with its trading partners is a positive factor for stocks. US Treasury Secretary Bessent said the Trump administration is working on bilateral trade deals with 17 key trading partners, not including China. Lower T-note yields on Monday also supported stocks after the 10-year T-note yield fell to a 2-1/2 week low of 4.204%. The markets await earnings from four Magnificent Seven technology stocks this week, including Microsoft, Meta Platforms, Amazon.com, and Apple.
