Nasdaq, S&P 500 close higher on trade hopes
Both the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) closed slightly higher on Monday; the Dow Jones Industrial Average (^DJI) was flat. Trade talks between the US and China have investors hopeful that a deal could be struck between the two nations. Learn more about today's trading in the video above.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
And it looks like things are taken a little bit of a leg lower as we, uh, close out today's session, this Monday session, the Dow now down about a point, little changed on the day here. After starting the day in the red, it's kind of made a round trip here. Uh, not necessarily any specific headlines in the last hour that necessarily would have sent things in this direction, but we're seeing it for all three major averages. The S&P 500 also heading back to the unchanged line. The Nasdaq hanging on to a gain of a third of 1%. And it is the least sort of, even though we've seen some intraday volatility here, uh, sort of the most stable by comparison between positive and negative during the session. In terms of the trade headlines that we continue to watch out of the US-China talks happening in the UK, um, it looks like they have concluded for the evening. And Treasury Secretary Benson was quoted as saying that things are going relatively well so far. That said, not seeing any big enthusiasm today. Jared's got a closer look at the action here, Jared.
Yes, not a lot of big movement in the majors today. Although, I will pull up the S&P 600, which is the small caps. This is a two-day look. We've had decent pops both days and the result is up 2.17%. I'll show you the quick year-to-date and we are still trying to break out. We have just ever so slightly broken out, but, uh, not definitive just yet. And, uh, in the meantime, I've been tracking volatility. The VIX was up ever so slightly today. Let's put the two-day view on that as well. Uh, but not by very much. And then the bond market, I was watching the 30-year in particular. That's going to come into focus this week as we have about 120 billion plus in, uh, auctions from the Treasury here. And that has closed the day at 4.95%. So, those are going to be closely watched at 1:00 p.m., Tuesday, Wednesday, Thursday. And then, of course, Wednesday we got that big CPI announcement before the market opens. Here is the sector action. Let's dial that up. And we got consumer discretionary in the lead followed by materials and then tech, that's XLK, then XLE, which is energy. All four of these outperforming the S&P 500. Everything else in the red there, uh, led to the downside by utilities and then financials. And if we take a look inside the Nasdaq 100, mixed board. We got Tesla up 4.5% and I'll show you, let's take a look at the three-day. And that's going to show us still down 7% after that huge drop that we saw last Thursday. So, haven't quite, uh, clawed all that back, but we've been up two days in a row there. Apple down 1.21% after some news, uh, after the latest about its, uh, plans for the future, its devices, services, etc. Meta also down on the day. And let's close here with the Dow. Dow is looking pretty similar to the Nasdaq in terms of the mix between green and blue. Uh, an outlier here, Boeing to the upside in the lower right. That's up about 3.17%. As well as Caterpillar. So, two industrials. And for that matter, Boeing and defense stock. Defense has been on fire. Defense and aerospace.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Kia EV4
One of the many remarkable things about Tesla is that so much of its growth has been built on a bodystyle that had seemingly long since gone out of fashion. The success the Tesla Model 3 has had as a fairly traditional – perhaps even old-fashioned – low saloon defies logic when every other car maker is packing its range full of crossovers and SUVs, backfilled by evergreen hatchbacks. There have been other electric saloons, most notably the BMW i4, but among a sea of electric crossovers and hatchbacks flooding the market, the number of true Model 3 rivals barely makes a puddle. The Kia EV4 is the brand's first electric saloon and, as a global model from a car maker with one of the industry's better electric car ranges in its breadth and quality, its big range and attractive price allow it to be considered a true Model 3 rival. Even so, given Kia's global footprint and the need to tailor models to different markets, the company hasn't gone all in on the EV4 as a saloon and is also offering it as a hatchback. This will be built in Europe, the first Kia electric car to do so at its Slovakia plant. Kia UK recognises that the Model 3 is very much onto something, so this saloon version of the EV4 will be offered in the UK as well to make sure Tesla doesn't have the electric saloon segment all to itself. It's the saloon we're testing in Kia's native Korea, where the EV4 has gone on sale first. Even Kia design boss Karim Habib admits the design of the EV4 saloon is 'polarising' although he loves what his team has created and has set out to 'redefine what a saloon can be'. It certainly beats the Model 3 for visual interest. The EV4 has echoes of a Lamborghini at the front end in how the angles of the windscreen and bonnet are almost parallel. Then, at the rear, there is more of a long-tail design, which helps give a super-slippery drag coefficient of just 0.23, a best-in-class figure. Despite how atypical it is from a normal saloon, it is still recognisable as a Kia and fits within the wider range. Habib says the EV4 was originally planned to be only a hatch and the idea for the saloon came later. I like the boldness of it. After a while, the shock factor subsides and you are left to admire so many little exterior design details; it's the kind of car you want to touch and run your hand over to follow the shapes and lines. It's certainly not a Toyota Camry. The EV4 saloon is marginally longer than a Model 3, at 4730mm, and 30cm longer than the EV4 hatchback. The boot of the saloon is 490 litres to the 435 litres of the hatchback. The interior is largely recognisable from the excellent cabin of the EV3 but with a few distinctive elements of its own. The nearly flat floor really comes into its own in the saloon to make it all feel so light and spacious, particularly in the rear. The GT Line trim of our test car also brought with it some nice ribbed seat materials that act as a further point of difference and they're super-comfortable. More broadly, Kia has found a nice balance between technology and screens and physical switches and buttons, with the EV4's switchgear and major controls all sited in intuitive places. There is a pleasing heft and quality to everything too and the materials look and feel modern. The EV4 is a platform twin of the Kia EV3 and the two have very similar specs. It uses a 400V version of the firm's E-GMP architecture for electric vehicles (the larger Kia EV6 and Kia EV9 models use an 800V version) and is offered with either a or 81.4kWh battery. A front-mounted electric motor with 201bhp and 209lb ft powers both options and the 0-62mph time is between 7.4sec and 7.7sec, depending on the battery and bodystyle combination. The EV3 has a lot of objective qualities but to drive it lacks some sparkle. It doesn't do anything wrong; you're just looking for a bit more character. And that's what the EV4 provides – a bit more character – which is mostly a result of you sitting lower. Given the vast majority of electric cars are crossovers of one shape or size, it is a novelty at first to sit much lower in the EV4. It comes across as a bit racier and you feel more connected to the road than in the EV3. You can nip and dart around the traffic more and find more pleasure even in suburban traffic. The power delivery is just right and the accelerator pedal has a happy knack of knowing how much 'go' you're looking for. There are different driving modes – Eco, Normal and Sport – and this is a rare mainstream EV where Sport mode does actually make it feel a bit sportier, rather than simply faster with more heft to the steering, sharper responses and more power from the motor. Our Korean test roads were flat and lacking in the kind of corners where you can really get to know the car. The ride was comfortable, more on the soft side than the firm, and the limits of grip were never reached. It still felt that it had more of an edge than the EV3, although not exactly transformative in character. The steering felt a bit springy and odd immediately off centre and it could have done with a more natural feel to it, yet it was precise enough and the EV4 proved an easy car to place. A different chassis tune will be given to European-spec EV4s so some of these impressions should be taken with a pinch of salt. The longest range on offer for the EV4 is from the saloon with the larger battery, which offers 391 miles. With the smaller battery, the EV4 saloon has a 267-mile range. In the hatchback, the small battery gives 255 miles and the larger battery 367 miles. These are all claimed figures. A DC fast charge from 10% to 80% takes around half an hour. The range is a real highlight of the EV4. We were getting an indicated 356 miles on a warm day over a route made up of largely of faster motorway driving. Its efficiency seems to be a notable improvement over the EV3's to that end. There's no pricing for the EV4 yet but it's expected to be priced and positioned alongside the EV3 and with the same trims, starting at around £36,000 for the Long Range model. The EV4 is a good electric car and a good car too. It has bold looks and an excellent interior – and it is some clever and more inspired chassis tuning away from being a car you'd recommend as much for the way it drives as the way it looks. The hatchback is inevitably going to be the stronger seller, but whatever that car ends up being, even on looks alone the saloon feels like a model in its own right rather than a derivative. However niche it may end up being, it is still one of the more notable and interesting additions to the electric car world. ]]>
Bloomberg
an hour ago
- Bloomberg
Japan PMI Pickup Points to Front-loading Ahead of US Tariff Jump
Japan's manufacturing activity expanded for the first time in more than a year in June in a likely sign of front-loading of output ahead of a scheduled increase in US tariffs next month. The au Jibun Bank purchasing managers' index of manufacturing activity rose to 50.4 from 49.4 in May, crossing the boom-or-bust 50 threshold for its highest reading since May 2024, according to data released Monday by S&P Global. The index for services also increased to 51.5 from 51.0.
Yahoo
an hour ago
- Yahoo
Elon Musk Announces Launch of New Business Venture
It's official: Tesla is in the robotaxi industry. After revealing that Tesla would begin rolling out autonomous cabs this year, Tesla co-founder and CEO Elon Musk announced the company is officially launching it's robotaxi service on Sunday, June 22. In a post on X, Musk revealed that the robotaxis will debut in Austin, Texas, and customers will pay a flat fee of $4.20. "The (Tesla AI) robotaxi launch begins in Austin this afternoon with customers paying a $4.20 flat fee!" Musk exclaimed. With the launch, Tesla will now look to make up ground on Waymo, which is the current king of the industry. Waymo claims to have taken 10 million paid rides in all and services several major cities, including Austin, where Tesla is debuting on Sunday. Meanwhile, Amazon is also expected to get into the industry this year. The mega corporation spent $1.2 billion to acquire Zoox about five years ago and it has since built a plant in Silicon Valley that is expected to produce 10,000 robotaxis per year. However, Amazon and Zoox are not as far along as Waymo and Tesla, with the duo set to begin its service in Las Vegas later this year, and then in San Francisco next Musk Announces Launch of New Business Venture first appeared on Men's Journal on Jun 22, 2025 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
