Traders work on the floor of the New York Stock Exchange on June 2, 2025.
NYSE
Stock futures were slightly lower on Monday night after the major averages began June’s trading on a positive note.
S&P 500 futures slipped 0.2%, and Dow Jones Industrial Average futures lost 83 points, or 0.2%. Futures linked to the Nasdaq 100 ticked down nearly 0.2%.
In the regular session, the S&P 500 climbed 0.41%. The Nasdaq Composite advanced 0.67%, and the Dow added 35.41 points, or 0.08%.
Stocks ended the day higher despite rising tensions between China and the U.S., with Beijing countering President Donald Trump’s accusations that it had violated a temporary trade agreement. Investors had grown hopeful that the two countries could work out a trade deal, but this latest development points to negotiations taking a turn for the worse.
Meanwhile, the European Union criticized Trump’s intention to double steel tariffs to 50%, saying that such a move “undermines” its own negotiations with the U.S. An EU spokesperson said that the bloc was “prepared to impose countermeasures.”
But despite volatility continuing to persist at elevated levels, Jeff deGraaf, head of technical research at Renaissance Macro, is optimistic on the stock market’s short-term prospects.
“The next six weeks are some of the best six-week periods, historically, really rivaling only what we see in the fourth quarter,” he said on CNBC’s “Closing Bell.” “So this is not a time to lighten up on positions, just from the calendar’s perspective.”
Dollar General, Signet Jewelers and Nio are set to report earnings Tuesday before the bell. That morning, traders will also watch out for readings on April’s jobs openings, as well as durable goods and factory orders.
