US stock futures dip on lack of details from China trade talk, CPI in focus
From Yahoo Finance: 2025-06-11 06:33:00
U.S. stock index futures dipped as U.S.-China trade talks showed no clear resolution to trade tensions. Focus shifts to May consumer prices report, expected to rise 0.2% month-over-month and 2.5% annually due to potential tariff impacts on inflation.
Traders anticipate rate cuts with 44 basis points priced in by year-end, 50% chance of a 25 bps cut in September. U.S. and Chinese officials agree on a trade truce framework to resolve export restrictions, pending review by Presidents Trump and Xi.
Investors remain cautious despite trade talks progress. Stock market rallies, but S&P 500 and Nasdaq still below all-time highs. Dow E-minis down 0.21%, S&P 500 E-minis down 0.21%, Nasdaq 100 E-minis down 0.2%. Tesla rises after Musk’s comments, GitLab and GameStop stocks decline post-results.
Read more: US stock futures dip on lack of details from China trade talk, CPI in focus