From Nasdaq: 2025-06-09 13:50:00

Stock indexes are mixed today with the S&P 500 up +0.07%, Dow Jones down -0.22%, and Nasdaq up +0.25%. Focus is on US-China talks on rare-earth minerals and technology. M&A activity sees Qualcomm buying Alphawave IP for $2.4 billion. Chinese trade data shows weaker-than-expected exports and imports. Market awaits fresh tariff news and US economic data.

Overseas markets vary, with Euro Stoxx 50 down -0.27%, Shanghai Composite up +0.43%, and Nikkei up +0.92%. US T-notes down slightly as yields rise. European bond yields also move higher. ECB member signals end of rate cut cycle. Swaps predict low chances of ECB rate cut in July.

Chip stocks rally, boosting the market. Warner Bros Discovery surges after announcing split. Goodyear Tire & Rubber gains on upgrade. Insurance stocks slide, dragging the market. Steven Madden Ltd and IonQ rise, while Intuitive Surgical falls. EchoStar considers bankruptcy. Cheniere Energy drops on insider selling. AppLovin dips on S&P 500 index news. Conagra Brands downgraded by Goldman Sachs.

Earnings reports for Borr Drilling, Calavo Growers, and more on 6/9. Market analysis by Rich Asplund, who has no positions in mentioned securities. Disclaimer: Author’s views may differ from Nasdaq, Inc.



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