The S&P 500 rose due to optimism about US-China trade talks, with Commerce Secretary Howard Lutnick stating negotiations were going well. This drove up stocks, particularly in megacaps like Tesla Inc. JM Smucker Co., however, saw its shares decline after announcing increased tariffs would harm its coffee business profits. Meanwhile, bonds remained relatively stable ahead of a key inflation report and a trio of upcoming bond sales.
Source: https://www.bloomberg.com/news/articles/2025-06-09/stock-market-today-dow-s-p-live-updates