S&P 500 Inches Higher as U.S.-China Trade Talks Re…
From Financial Modeling Prep.: 2025-06-10 08:46:00
U.S. stocks rose on positive trade talks between U.S. and China in London. Market gains were fueled by strong labor data but overshadowed by civil unrest and trade policy uncertainty under President Trump.
Citigroup raised its S&P 500 year-end target to 6300 as the index closed above 6000 for the first time since February.
U.S. Commerce Secretary described U.S.-China talks as productive, with proposed reciprocal tariffs on hold until August 12 for further diplomacy.
China’s export growth slowed to a 3-month low in May due to existing U.S. tariffs, presenting ongoing challenges.
Monitor Sector P/E Ratios for insights on sector performance amid geopolitical and macroeconomic uncertainties.
Market focus shifts to upcoming U.S. Consumer Price Index report for potential impact on rate expectations and market direction.
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