The S&P 500 Index ($SPX) (SPY) today is down -0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.15%. June E-mini S&P futures (ESM25) are down -0.12%, and June E-mini Nasdaq futures (NQM25) are up +0.12%.
Stock indexes today gave up an early advance and turned mixed on caution ahead of weekend trade talks between the US and China. Comments on social media from President Trump weighed on stocks today when he said an 80% tariff on China “seems right” and that the right level of tariff on China would be up to Treasury Secretary Bessent. Also, comments from New York Fed President Williams undercut stocks when he said he expects economic growth in the US this year to be “considerably slower” than in 2024, and he anticipates higher inflation and unemployment.
