From Nasdaq: 2025-06-11 04:04:00

U.S. stock markets closed higher on Tuesday as investors awaited U.S.-China trade deals. The Dow Jones Industrial Average (DJI) advanced 0.3%, Nasdaq Composite rose 0.6%, and S&P 500 increased 0.6%. Major sectors like Consumer Discretionary, Communication Services, Energy, and Health Care also saw gains.

Trade negotiations between the U.S. and China have resumed in London. Talks are progressing well, with both sides seeking to resolve tariff and trade disputes. The U.S. is focusing on restoring critical mineral exports, while China is working to address concerns about semiconductor usage.

In the AI sector, Meta Platforms is finalizing a $14 billion investment in AI startup Scale AI. Open AI has entered a surprising deal with Google Cloud to meet computing needs. Stock prices of Meta Platforms and Alphabet rose, with both companies currently carrying a Zacks Rank #3 (Hold).

Zacks Research Chief highlights a top stock set to potentially double in value. The selected stock is a satellite-based communications firm positioned in the trillion-dollar space industry. Analysts foresee substantial revenue growth by 2025. For more top stock recommendations, download Zacks Investment Research’s report.



Read more at Nasdaq: Stock Market News for Jun 11, 2025