empty
11.06.2025 02:06 PM
Update on US stock market on June 11

This image is no longer relevant

S&P500

Snapshot of major US stock indexes on Tuesday: Dow +0.3%, NASDAQ +0.6%, S&P 500 +0.6%, S&P 500 at 6,038, range 5,400–6,200.

The stock market rose on Tuesday, supported by persistent hopes for a positive outcome in trade negotiations between US and Chinese officials.

The S&P 500 (+0.6%) and the Nasdaq closed with a 0.6% gain each, while the Dow (+0.3%) continued to lag for the month.

The trading session was generally uneventful, although the market resisted two rounds of selling pressure that briefly pulled the major averages off their highs before rebounding to intraday highs again.

President Trump's acknowledgment that Iran is becoming "much more aggressive" in its nuclear talks with the US triggered a brief dip in mid-morning, but this quickly gave way to renewed gains.

Later in the day, Commerce Secretary Lutnick stated that negotiations with China are going very well and may continue tomorrow.

Ten sectors finished the day higher, led by energy (+1.8%), although crude oil failed to hold its morning gains and ended the session down 0.5% at $64.96 per barrel. Consumer discretionary (+1.2%) followed, supported by the continuation of yesterday's rebound in Tesla (TSLA 326.09, +17.51, +5.7%).

The heavyweight technology sector (+0.5%) kept pace with the broader market, bolstered by strength among semiconductor manufacturers. This helped the PHLX Semiconductor Index (+2.1%) extend its monthly gain to 10.2%, with Intel (INTC 22.11, +1.63, +8.0%) showing relative strength amid growing optimism about its new manufacturing technology.

The industrial sector (-0.4%) underperformed due to profit-taking in defense stocks following recent strength.

Transportation stocks performed well, with the Dow Jones Transportation Average (+1.3%) returning to its May high after Norfolk Southern (NSC 252.92, +2.35, +0.9%) reported a 5% quarter-to-date increase in rail volume.

Treasuries ended the day slightly higher at the longer end and modestly lower overall ahead of tomorrow's release of the May Consumer Price Index (consensus +0.2%). The Treasury auctioned $58 billion in 3-year notes in response to weak demand, while tomorrow's session will include a $39 billion reopening of 10-year notes.

The only report worthy of note in the economic calendar was the NFIB Small Business Optimism Index for May, which grew to 98.8 from 95.8 in April.

The economic calendar on Wednesday: At 7:00 AM ET, the market will get to know the MBA Weekly Mortgage Applications Index (previous -3.9%). At 8:30 AM ET, the CPI data for May will be released (consensus +0.2%; previous +0.2%), along with Core CPI (consensus +0.3%; previous +0.2%). At 2:00 PM ET, the Treasury Budget for May will be available (previous -$258.4 billion).

Year-to-date performance of benchmark stock indices

  • S&P 500 +2.7%
  • Nasdaq Composite +2.1%
  • Dow Jones Industrial Average +0.8%
  • S&P Midcap 400 -1.8%
  • Russell 2000 -3.4%

Energy market Brent crude is now trading at $67 a barrel.

Conclusion The stock market continues to creep higher, albeit very slowly. All eyes are on today's inflation reports. For now, we expect further growth.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
American markets
Summary
Buy
Urgency
1 month
Analytic
Mihail Makarov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Update on US stock market on July 3. SP500 and NASDAQ update their highs

The S&P 500 rose by 0.47%, while the Nasdaq 100 gained 0.94%. The industrial Dow Jones, however, slipped by 0.02%. Asian stock indices posted modest gains ahead of the upcoming

Jakub Novak 13:15 2025-07-03 UTC+2

US stock market: S&P 500 hits new record high

S&P500 Snapshot of major US stock indices on Wednesday: * Dow: +0.0% * NASDAQ: +0.9% * S&P 500: +0.5% * S&P 500 closed at 6,227, trading within a range

Jozef Kovach 13:15 2025-07-03 UTC+2

US equities: bulls steady, broader market leads

S&P 500 Overview on July 2 US market: bulls hold their ground, broader market leads The main US indices on Tuesday: Dow +0.9%, NASDAQ -0.8%, S&P 500 -0.1%. S&P

Jozef Kovach 13:04 2025-07-02 UTC+2

Update on US stock market on July 2. SP500 and NASDAQ enjoy buoyant demand

At the close of trading yesterday, US stock indices ended the day mixed. The S&P 500 declined by 0.11%, while the Nasdaq 100 fell by 0.82%. In contrast

Jakub Novak 12:48 2025-07-02 UTC+2

US market holds near highs

S&P 500 Overview on July 1 US market pauses at highs Major US indices on Monday: Dow +0.6%, NASDAQ +0.5%, S&P 500 +0.5%, S&P 500: 6,204, trading range: 5,700–6,300

Jozef Kovach 11:53 2025-07-01 UTC+2

Update on US stock market on July 2. SP500 and NASDAQ going on with steady growth

At the end of yesterday's trading, US stock indices closed higher. The S&P 500 rose by 0.52%, while the Nasdaq 100 gained 0.47%. The Dow Jones Industrial Average strengthened

Jakub Novak 09:52 2025-07-01 UTC+2

Update on US stock market on June 30. SP500 notches up new peak at 6,200. Inflation reports indicate stagflation

S&P500 The US stock market is ahead of a week of big news. The S&P 500 is eyeing 6,200 Snapshot of major US stock indices on Friday: Dow +1%, NASDAQ

Jozef Kovach 11:17 2025-06-30 UTC+2

Update on US stock market on June 27. SP500 and NASDAQ reach new highs

The S&P 500 rose by 0.80%, while the Nasdaq 100 added 0.97%. The Dow Jones Industrial Average climbed by 0.84%. Stocks gained amid talks that the US is getting closer

Jakub Novak 11:58 2025-06-27 UTC+2

Nvidia Shares Reach All-Time High

Yesterday, the NASDAQ technology index closed the day in positive territory, thanks largely to the rally in Nvidia Corp. shares, which reached a historic high. The leading producer

Jakub Novak 11:06 2025-06-26 UTC+2

The Stock Market Is Approaching Dangerous Levels

The wave pattern on the 24-hour chart for the #SPX instrument appears generally clear. At this point, the formation of an upward trend segment is presumably complete. In my view

Chin Zhao 12:35 2025-06-25 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.