After months of cooling U.S. inflation easing investor concerns, the trend could reverse when the May report drops Wednesday, as rising tariff-driven costs threaten to push <a href="https://www.benzinga.com/news/econ-s">consumer prices</a> higher.



The annual rate of gains in the Consumer Price Index has been on a steady retreat this year, falling from 3% in January to 2.3% in April — the lowest reading in over four years. The trend has so far been fortuitous for President Donald Trump, who has repeatedly cited falling inflation to push for lower interest rates.



Yet, economists now expect that beautiful streak to break.



<h3 class="wp-block-heading">May Inflation Report: What Do Economists Expect?</h3>



The median forecast sees headline inflation ticking up from 2.3% to 2.5% in May, while core CPI, which strips out food and energy, is expected to rise from 2.8% to 2.9% year-over-year. Month-over-month, CPI is projected to remain steady at 0.2%, with core inflation accelerating to 0.3%, marking the fastest monthly gain since January.



This uptick comes on the heels of Trump's tariff rollercoaster. On April 2, what he dubbed as &#8216;Liberation Day,&#8217; he announced sweeping duties on all trade partners, later dialing them back to a 10% universal tariff with a 90-day negotiation period.



China, however, saw tariffs spike as high as 145% before both sides agreed to slash them by 115 percentage points, pending ongoing negotiations.



These abrupt policy shifts are now making their way through the supply chain. In recent business surveys, both the services and manufacturing sectors reported steep input cost increases in April and May — reminiscent of <a href="https://www.benzinga.com/25/05/45201308/services-activity-barely-expands-in-april-as-price-pressures-spike-to-over-2-year-highs-a-worrying-backstory-is-developing">pandemic-era bottlenecks.</a>



<h3 class="wp-block-heading">Experts Warn Of Tariff Effects</h3>



Bank of America economist Stephen Juneau said May's data should reflect a wider range of tariff effects compared to April, when the clearest sign was an 8.8% surge in audio equipment prices. 



Yet, he expects that &#8220;favorable seasonal factors for autos and declines in certain services categories will keep a lid on the top line inflation numbers.&#8221;



Goldman Sachs economist Jessica Rindels sees tariffs providing "a somewhat larger boost" to monthly inflation than markets expect, but not just yet. 



Goldman forecasts core CPI inflation to average 0.35% monthly in the coming months, citing a &#8220;sharp acceleration in most core goods categories&#8221; but a still-muted impact on services inflation.



Looking ahead, Goldman sees core CPI reaching 3.5% year-over-year by December, with core PCE — the Federal Reserve&#8217;s preferred metric — climbing to 3.6%.



Barclays Private Bank strategist Julien Lafargue said, "This CPI report could show the first signs of a tariff-induced pickup in inflation. The good news though is that lower energy prices should keep the headline figures in check."



Lafargue added the report is unlikely to shift the Federal Reserve's strategy significantly, as investors remain focused on the timing — not the likelihood — of rate cuts, expected in either September or October.



<h3 class="wp-block-heading">Could Trade Progress Ease Inflation Fears?</h3>



Wall Street is not too far from retesting record highs. As of Tuesday, the S&amp;P 500 – tracked by the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) – traded at 6,025 points, less than two percentage points below its February&#8217;s all-time highs. 



While a rising inflation outcome – or even worse an upside surprise – could dent risk sentiment and cast doubt on the current outlook for two Fed rate cuts in 2025, there&#8217;s a potential silver lining. 



High-level US-China trade talks are underway in London this week, with negotiators reportedly working toward further tariff rollbacks and business-friendly measures.



The outcome of these talks could be critical. A breakthrough would not only ease inflationary pressure from tariffs but also restore some confidence in global trade flows, which have been a source of volatility in recent months.



Investors will be closely watching both Wednesday's CPI release and developments in London, with both carrying significant weight for the trajectory of the U.S. economy and markets in the second half of 2025.



Read now:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45848820/stock-buybacks-are-quietly-powering-wall-streets-2025-rally">Stock Buybacks Are Quietly Powering Wall Street&#8217;s 2025 Rally </a></li>
</ul>



Photo: Shutterstock

Analyst Color

Macro Economic Events

Broad U.S. Equity ETFs

Economics

Analyst Ratings

ETFs

Trump's Inflation Honeymoon May Be Over

Goldman Sachs remains bullish on Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) even after the stock slipped following its WWDC 2025 <a href="https://www.benzinga.com/markets/tech/25/06/45844424/apple-wwdc-2025-ios-26-announced-with-liquid-glass-design-new-apple-intelligence-features-and-more">keynote on Monday.</a>



The stock reaction was broadly in line with last year's 2% drop after WWDC 2024 as muted artificial intelligence updates and a delayed Siri overhaul disappointed investors hoping for a generative AI leap. 



Siri was mentioned just a handful of times in the keynote, a stark contrast to the 54 mentions during WWDC 2024. This omission fueled investor concerns over Apple's position in the generative AI race against Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). 



Still, Goldman Sachs remains bullish, with analyst&nbsp;Michael Ng&nbsp;reiterating a Buy rating and a $253 price target, implying a 25.6% upside from Monday's close.



<h3 class="wp-block-heading">Goldman: Apple Ecosystem Still Delivers Value</h3>



While the lack of AI breakthroughs was widely noted, Apple focused WWDC25 on refining its operating systems across all platforms, introducing a new visual standard known as Liquid Glass. The UI overhaul brings translucent, adaptive elements to iOS 26, iPadOS 26, macOS 26, watchOS 26, and visionOS 26.



Apple Intelligence updates were also rolled out. These included real-time translation for Messages, FaceTime, and calls, enhanced image creation tools through Genmoji and Image Playground, and new Visual Intelligence features that allow on-screen content to trigger contextual actions like creating calendar events or tracking purchases.



Ng said the updates were "in line with low investor expectations" and emphasized Apple's ability to retain user engagement across its ecosystem even in the absence of headline-grabbing innovations.



&#8220;Though we recognize that design-centric OS updates may have been underwhelming amidst concerns about perceived lack of competitive AI feature innovation, we believe that Apple's focus on improving user experience across the Apple product ecosystem should continue to drive installed base stickiness,&#8221; the analyst noted.



He added that the company's incremental software upgrades and design unification should position it well ahead of expected hardware refreshes, including foldable and ultra-thin iPhone models arriving between 2025 and 2027.



"We believe Apple continues to demonstrate best-in-class consumer hardware innovation with a growing foundation in Apple Intelligence," Ng said in his post-keynote report.



Ng highlighted the durability of Apple&#8217;s installed base and its ability to monetize users through services. 



He said these factors should &#8220;support Apple&#8217;s premium multiple&#8221; and mark an inflection point in the company&#8217;s Services business, which is expected to drive the majority of gross profit growth over the next five years.



Goldman forecasts fiscal 2025 revenue of $409 billion, up from $391 billion in 2024, and sees earnings per share rising from $7.16 in 2025 to $8.80 by 2027. The firm expects Apple&#8217;s free cash flow yield to reach 4.8% by 2027, with valuation compression bringing its price-to-earnings ratio down to 22.9x.



Read now: <a href="https://www.benzinga.com/general/education/25/05/45675595/apple-eyes-worst-month-vs-sp-500-since-2018-but-history-says-buy-the-dip-now">Apple Eyes Worst Month Vs. S&amp;P 500 Since 2018 — But History Says Buy The Dip Now</a>



Photo: Shutterstock<span class="author" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246/0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;">

Large Cap

Tech

AAPL

MSFT

Goldman Calls Apple's WWDC 'Underwhelming' But Still Sees Stock Jumping 25%

U.S. Commerce Secretary Howard Lutnick reported positive momentum in second-day trade negotiations with China in London, as both superpowers work to resolve export control disputes that have strained bilateral relations since their Geneva agreement.



What Happened: The talks, led by U.S. Treasury Secretary Scott Bessent, Lutnick, and Trade Representative Jamieson Greer, resumed Tuesday with Chinese Vice Premier He Lifeng&#8216;s delegation following nearly seven hours of <a href="https://www.benzinga.com/news/politics/25/06/45832550/us-and-china-resume-trade-talks-in-london-after-trumps-call-with-xi-jinping">Monday discussions. </a>&#8220;They&#8217;re going well, and we&#8217;re spending lots of time together,&#8221; Lutnick told reporters, according to Reuters.



The negotiations focus on <a href="https://www.benzinga.com/markets/tech/25/06/45833037/auto-industry-struggles-as-supply-chain-issues-threaten-production-amid-chinas-export-curbs-on-rare-earth-minerals-report">rare earth mineral export restrictions</a> that China imposed in April, disrupting global supply chains. China holds a near-monopoly on rare earth magnets crucial for electric vehicle motors used by General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>). White House economic adviser Kevin Hassett indicated the U.S. would lift semiconductor export controls in exchange for accelerated rare earth deliveries.



See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45855868/tesla-stock-climbs-2-3-in-tuesday-pre-market-whats-going-on">Tesla Stock Climbs 2.3% In Tuesday Pre-Market: What&#8217;s Going On?</a>



Why It Matters: China&#8217;s May customs data showed exports to the U.S. plunged 34.5%, while overall exports rose 4.8% year-over-year, missing analyst expectations. However, exports to other jurisdictions increased 11.4%, suggesting <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45834705/mohamed-el-erian-warns-of-worrisome-chinese-trade-data-looming-over-us-negotiations-but-bob-elliott-sees-little-urgency-for-china-to-sign-a-disadvantageous-deal">China has redirected trade capacity away from the U.S. market.</a>



The talks follow a phone call between President Donald Trump and Chinese President Xi Jinping last week, which Trump described as reaching<a href="https://www.benzinga.com/news/politics/25/06/45832550/us-and-china-resume-trade-talks-in-london-after-trumps-call-with-xi-jinping"> &#8220;a very positive conclusion for both countries.&#8221;</a>



The negotiations occur as Trump&#8217;s shifting tariff policies have cost companies billions in lost sales while creating global market volatility. Current U.S. tariffs on Chinese goods remain at 30%, down from peak rates of 145%.



The talks include Lutnick, whose agency oversees export controls, indicating how central rare earth minerals have become to the negotiations. Both sides are expected to issue updates later Tuesday following the resumed discussions.



Image via Shutterstock



Read Next: <a href="https://www.benzinga.com/markets/tech/25/06/45855866/hyundai-secures-one-year-rare-earth-minerals-supply-avoids-supply-chain-disruption-report">Hyundai Secures One-Year Rare Earth Minerals Supply, Avoids Supply Chain Disruption: Report</a> Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

STLA

US-China Trade Talks In London Enter Second Day Amid Rare Earths Dispute And Export Control Tensions

No one likes a flip-flopper, whether in politics or stocks. When a stock can't make up its mind on a direction or trend, it can drive investors to abandon their positions in search of greener pastures.&nbsp;



This can create headaches in other areas, such as tax bills, trading fees, and overtrading, which can all be very costly. If you believe in a company&#8217;s long-term prospects but think in the short term that the stock will keep going sideways, there&#8217;s a better strategy than selling.



There&#8217;s a trading strategy that can let you collect income while you wait for the stock to grow to its full potential.



The strategy in question &#8211; covered calls &#8211; is used to earn income from a range-bound asset by selling a call option on a stock you already own. In this trade, you would sell a call option with a strike price slightly above the stock's current market price and collect the upfront premium. Your obligation to the option buyer is "covered" by the 100 shares you already own. If the strike price is reached and the call is exercised, you deliver 100 shares to the buyer and retain the premium.



However, if the call expires without hitting the strike, you keep the stock and pocket the premium as a profit. The upside is limited, but your downside risk is protected by collecting the premium and owning the stock.



A covered call is a neutral strategy, so your max profit is limited to the option premium. If the stock price increases too much, the option buyer will exercise the contract and claim the shares you hold at the strike price. And if the stock declines, the income from the option premium offsets some of your losses.



Today, we'll examine five stocks exhibiting range-bound behavior that could be suitable candidates for covered calls over the next few months. If you own any of the companies listed below, consider whether a covered call strategy aligns with your investment goals and risk tolerance.



<h2 class="wp-block-heading">JM Smucker Co. </h2>



JM Smucker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) makes popular snack treats and coffee, such as Uncrustables, Folgers, Carnation, and JIF, along with pet food brands like Meow Mix and Milk-Bone. The company has had uneven revenue over the last few years, and profit margins have sagged from the consistent 7-9% figures produced from 2021 to 2023.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdOLILELt0easPJVO3FPlgkXTVdp87VMIYzaJFJF9u-qW7TwyKSBxEC56eE0xgruqTv_xEpxJz2ZHrYcHR9jdqwlsv4F7qRPe8Rfdf4gOKePiGVISfwQxXNLkoDVQq_wXgr9qrg7g?key=Vna2qS5bZFcM3OU-gqusIA" alt=""/></figure>



The stock has struggled as well, trading in a downtrending range for the better part of the last 18 months. While revenue growth has been spotty, the company appeals to income investment thanks to a 3.8% yield and 27 years of consecutive payout increases. On the daily chart, the RSI shows that the range-bound trading is likely to continue, making SJM a strong covered call candidate. The call option strike price should be set above the upper trendline on the chart, and investors can collect both dividend income and option premium. 



<h2 class="wp-block-heading">The Fed's About To Move The Market—Here's How Chris Capre Is Trading It</h2>



On June 11 at 6 PM ET, Chris Capre is going live to break down how he's preparing for the next Fed decision—before it hits and after the market reacts. You'll get his full options strategy, including pre-FOMC setups, post-reaction frameworks, and the tickers he's targeting for fast-moving trades. Secure your spot for free right <a href="https://events2.benzinga.com/chris-capre-webinar-wed-june11-2025/?utm_campaign=webinar061125&amp;utm_adType=RD051025&amp;utm_ad=061125">HERE</a>.



<h2 class="wp-block-heading">Ford Motor Co. </h2>



It's been a rough few years for Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>). The stock made new all-time highs during the 2021 bull market but lagged behind during the recovery from the 2022 bear market. The stock has been range-bound since mid-2022, trading between $9 and $15 for the better part of three years.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXePqqBCpRXN0Y7hol45T9gqw7XXm8KACWYRLlW0CH-cS_hn7tqu8nrNhXAr4vK7tfqVD4OrjgFJTTTgVvcL6znjpHTdQMJ3zHPbpKPTgcHzUMLQiMyxMsLnhG0ES4cUu3vif0AO8A?key=Vna2qS5bZFcM3OU-gqusIA" alt=""/></figure>



Ford shares could continue trading in this range even longer as the company's electrification goals will take years. Tariffs could also hit the Big Three automakers hard, although Ford has more domestic production than competitors like GM. With a Price-to-Earnings ratio under nine and a dividend yield over 7%, the stock is attractive to value investors, but it&#8217;s hard to get overly bullish on a stock facing so many potential headwinds. Ford is currently trading near the lower bound of its range, which means less premium collected on the call option, but also a slimmer chance of the stock reaching the strike price (which should be set around the $15 resistance level). 



<h2 class="wp-block-heading">Colgate-Palmolive Co. </h2>



Consumer staples companies like Colgate-Palmolive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) make decent covered call candidates since they often have thin margins, steady demand, and low beta stocks. In other words, they don&#8217;t move much. However, CL shares make a different type of candidate as the stock's range has been narrowing in a wedge pattern, which could signal a consolidation of capital preparing to alter the current trend.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcieA8vY92exaX52Nb2uad0_5EgocO70FInhRxzV0KJ0rw9xtSkfiqxuuADK5dtgMn18SaXGbhjc6zW4bJe8NBOx1DVS9OEinfNl2Zo1713WoAYJC0jAbUE0orMznT72lx3lKJz1w?key=Vna2qS5bZFcM3OU-gqusIA" alt=""/></figure>



However, CL's wedge still has a wide range, and the stock is currently bumping up against the upper bound. Here's why CL is a good covered call candidate: if the stock fails to break above the trendline, it indicates the trend breakout isn't imminent, and the premium collected from selling a call at this level will be hefty. If the stock does break through the trendline, the trade idea can (and should) be aborted.



<h2 class="wp-block-heading">Walt Disney Co. </h2>



Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) has seen its own share of highs and lows over the last few years. Like Ford, the company has failed to recapture its all-time highs from 2021 and lagged the S&amp;P 500 as stocks recovered in 2023 and 2024. However, the company is seeing a revival of its theme park businesses and profit margins have expanded for four consecutive quarters. 



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfpLcfj-v5EFnOWJvyaEEQ5aNKnyEvirt8IlccF_nQdoDnAJ9EdSFYGKSa9g0VEe5tb8g-rqeXFF6WHvq19OUl2dnovK8t3RpyxGsHcWxH5HahnqQ6zgr2sK0qjMVVa3YKS-yU7?key=Vna2qS5bZFcM3OU-gqusIA" alt=""/></figure>



So why is Disney stuck in this long-term range? Despite revenue expansion, Disney+ subscriber growth is actually starting to decline, and the company continues to struggle to find direction for sports properties like ESPN. The stock hasn't traded above $123 per share since August 2022, and the current market price is right at the resistance level of the range. Despite gains of more than 20% this month, Disney could be tapped out, making it ideal for a covered call if you own it.



<h2 class="wp-block-heading">Allstate Corp. </h2>



Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) reached a new all-time high as recently as March, and placing a resistance trendline at an all-time high can be risky when trading. But this is the third time ALL shares have approached this level; the first two attempts failed to continue the momentum. The more attempts a stock makes to break a resistance level, the stronger that level becomes. A third failure could be bad news for shareholders.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcNOFR_urReKPRZbHDQTKSWlvvgPZF1ZItZ-wkaUsGvmm75gQ1zG5uaN-JyINkWUhiNwUHmiQieGeA474tsCbqu7k2TU-xexByziafPa-uECQablzgqQrLl17S1QHrlfIHc6hZcdw?key=Vna2qS5bZFcM3OU-gqusIA" alt=""/></figure>



A covered call can protect your investment should the stock fail to breach the $213 level again. If the stock does make a new all-time high, don't write the call; enjoy the profits you earn from owning it. But if it looks like the stock has once again failed to break through and trends lower, the premium collected from selling the call can help offset the retreat back to support.



Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.



Photo: Shutterstock

Personal Finance

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5 Best Stocks To Trade For Income

U.S. stock futures were trading lower on Tuesday after a mixed close on Monday. Futures of major benchmark indices were largely flat in premarket.



Trade discussions between the <a href="https://www.benzinga.com/news/politics/25/06/45854131/trump-says-hes-getting-good-reports-as-scott-bessent-led-delegation-expects-beijing-to-remove-rare-earth-export-curbs">U.S. and China delegations</a> are set to continue on Tuesday in London. &#8211;



Following these initial talks on Monday, U.S. President Donald Trump addressed reporters from the White House, stating: &#8220;We are doing well with China. China&#8217;s not easy. I&#8217;m only getting good reports.&#8221;



Meanwhile, officials from the Trump administration expect China to lift restrictions on exports of rare earth alloys, minerals, and magnets, as trade negotiations between Washington and Beijing continue



The 10-year Treasury bond yielded 4.45% and the two-year bond was at 3.98%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 99.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>-0.12%</td></tr><tr><td>S&amp;P 500</td><td>-0.03%</td></tr><tr><td>Nasdaq 100</td><td>-0.04%</td></tr><tr><td>Russell 2000</td><td>0.10%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were mixed in premarket on Tuesday. The SPY was down 0.0017% at $599.67, while the QQQ advanced 0.026% to $530.84, according to Benzinga Pro data.



Cues From Last Session:



Most sectors on the S&amp;P 500 <a href="https://www.benzinga.com/markets/equities/25/06/45853536/sp-500-settles-higher-amid-us-china-trade-talks-investor-sentiment-improves-fear-index-remains-in-greed-zone">closed on a negative note</a> Monday, with utilities, financials, and consumer staples stocks recording the biggest losses.



However, consumer discretionary and materials stocks bucked the overall market trend, closing the session higher.



Meanwhile, U.S. stocks settled mixed, though the Nasdaq Composite gained more than 50 points during the session as trade talks between U.S. and Chinese officials stoked investor optimism.



Shares of Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) gained more than 4% after the company announced its agreement to acquire Alphawave for $2.4 billion.



Children&#8217;s Place Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) shares dipped 32% as the company posted weaker-than-expected first-quarter results.



On the economic data front, U.S. wholesale inventories rose 0.2% month-over-month to $908.7 billion for April. U.S. consumer inflation expectations for the year ahead eased to 3.2% in May compared to 3.6% in the previous month.



The Dow Jones index ended 1 point or 0.002% lower at 42,761.76, whereas the S&amp;P 500 index rose 0.092% to 6,005.88. Nasdaq Composite advanced 0.31% to 19,591.24, and the small-cap gauge, Russell 2000, gained 0.57% to end at 2,144.45.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>0.31%</td><td>19,591.24</td></tr><tr><td>S&amp;P 500</td><td>0.092%</td><td>6,005.88</td></tr><tr><td>Dow Jones</td><td>-0.002%</td><td>42,761.76</td></tr><tr><td>Russell 2000</td><td>0.57%</td><td>2,144.45</td></tr></tbody></table></figure>



Insights From Analysts:



The U.S. economy and stock market face a &#8220;confluence of challenges&#8221; in the second half of the year, noted Charles Schwab &amp; Co. Inc. in its mid-year outlook.



&#8220;Tariff-induced inflation, fiscal imbalances, and signs of labor market cooling contribute to an environment of heightened uncertainty and instability,&#8221; stated the note.



However, with stocks nearing all-time highs, &#8220;the bar is relatively high for the market in the second half of the year.&#8221;



The note also explained that there were &#8220;possibilities&#8221; for things to right with &#8220;tariff rates edging lower, the labor market stabilizing, and inflation remaining under control,&#8221; however, the firm had &#8220;low conviction&#8221; in understanding and predicting where the day-to-day news flow could head.



&#8220;For now, investor sentiment and positive earnings growth are supports, whereas stretched valuations and growth-negative tariff policy are hindrances,&#8221; it added.



The note also highlighted that &#8220;Investors should continue to embrace diversification across and within asset classes, especially given the dominance (this year) of markets outside the United States.&#8221;



Meanwhile, senior economist Jeremy Siegel said in his WisdomTree note that the investor sentiment was benefiting from signals of &#8220;progress or at least a pause&#8221; in U.S.-China trade tensions.



&#8220;I continue to believe the market can digest tariffs of 10% across the board and 30% for China with limited sector-specific increases like aluminum at 50%,&#8221; he stated.



Siegel added that &#8220;Looking ahead, the S&amp;P 500 all-time highs are likely in the absence of major trade shocks. Risks remain, but the economy continues to show resilience.&#8221;



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on Tuesday:



<ul class="wp-block-list">
<li>May&#8217;s NFIB optimism index data will be out by 6:00 a.m. ET.</li>
</ul>



Stocks In Focus:



<ul class="wp-block-list">
<li>Core &amp; Main Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) fell 0.32% in premarket on Tuesday as analysts expect it to report quarterly earnings of 53 cents per share on revenue of $1.85 billion, before the opening bell.</li>



<li>J M Smucker Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) was 0.14% lower ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of $2.24 per share on revenue of $2.18 billion.</li>



<li>United Natural Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) rose 2.54% as analysts expect it to report quarterly earnings of 21 cents per share on revenue of $7.78 billion, before the opening bell.</li>



<li>Designer Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) was up 2.41% ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect a quarterly loss of 6 cents per share on revenue of $732.82 million.</li>



<li>Calavo Growers Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) plunged 13.48% after posting downbeat results for its second quarter. The company reported quarterly earnings of 40 cents per share, which missed the analyst consensus estimate of 53 cents per share.</li>



<li>Casey&#8217;s General Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) jumped 10.41% after posting better-than-expected earnings for its fourth quarter on Monday. The company reported quarterly earnings of $2.63 per share, which beat the analyst consensus estimate of $2.01 per share.</li>



<li>Marin Software Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) surged 64.71% after it entered into a non-binding letter of intent with a private equity firm to explore a potential transaction.</li>



<li>Klotho Neurosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLTO#NASDAQ">KLTO</a>) zoomed 52.20% after announcing promising new study findings. Its licensed therapy showed potential to reduce age-related degeneration and significantly increase healthy lifespan.</li>



<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) advanced 23.92% after closing its registered direct offering, raising $1.15 million through the sale of 434,720 shares at $2.65 per share.</li>



<li>Baiya International Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIYA#NASDAQ">BIYA</a>) dropped 35.77% after announcing a partial waiver of IPO lock-up last week. The waiver allows the sale of 2,950,000 shares.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 0.21% to hover around $65.43 per barrel.



Gold Spot US Dollar rose 0.09% to hover around $3,328.82 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.24% at the 99.1790 level.



Asian markets were mixed on Tuesday as China&#8217;s CSI 300 and Hong Kong's Hang Seng indices fell. Australia's ASX 200, Japan's Nikkei 225, India's S&amp;P BSE Sensex, and South Korea's Kospi indices rose. European markets were also mixed in early trade.



Read Next:



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<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45834705/mohamed-el-erian-warns-of-worrisome-chinese-trade-data-looming-over-us-negotiations">Mohamed El Erian Warns Of &#8216;Worrisome&#8217; Chinese Trade Data Looming Over US Negotiations, But Bob Elliott Sees &#8216;Little Urgency&#8217; For China To Sign A &#8216;Disadvantageous Deal&#8217; </a></li>
</ul>



Photo courtesy: Shutterstock

Equities

BIYA

CASY

CVGW

KLTO

MRIN

PLCE

QCOM

UNFI

VERO

US Stocks Likely To Open Lower: Equities Face 'High Bar' Amid Tariff-Fueled Volatility In The Second Half Of 2025, Says Analyst

Tesla stock climbs 2.27% during the pre-market trading session on Tuesday amid escalating tensions between CEO Elon Musk and President Donald Trump.



What Happened:&nbsp;During a White House press conference on Monday, Trump confirmed he <a href="https://www.benzinga.com/markets/tech/25/06/45852837/trump-says-he-wont-ditch-tesla-model-s-or-starlink-as-feud-with-elon-musk-cools-i-wish-him-well">would retain</a> his Tesla Model S and Starlink. When asked about his plans for the Tesla, Trump said,&nbsp;&#8220;I may move the Tesla&nbsp;around a little bit,&#8221; and confirmed&nbsp;that the White House would&nbsp;continue to utilize Starlink, describing it as &#8220;a good service."



Trump also addressed the recent controversy between Musk and the U.S. government, stating, &#8220;I wish him well, you&nbsp;understand. We had a good&nbsp;relationship, I just wish him&nbsp;well, very well, actually.&#8221;



The reconciliation between Trump and Musk comes after a period of tension, sparked by Musk&#8217;s criticism of the government&#8217;s proposed legislation to eliminate subsidies for electric vehicles and solar power.



SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45831309/why-jeff-bezos-might-emerge-as-the-biggest-winner-in-the-trump-musk-feud" target="_blank" rel="noreferrer noopener">Why Jeff Bezos Might Emerge As The Biggest Winner In The Trump-Musk Feud</a>



Why It Matters:&nbsp;This news also comes amid Tesla&#8217;s recent successes.&nbsp;Tesla&#8217;s Model Y topped the SUV sales chart in China in May, selling over 24,770 units. Tesla found a bright spot in China&#8217;s domestic market as the company faced overall declining sales. In May, Tesla&#8217;s sales in the region surged more than 34%, boosted by the inaugural export of the updated Model Y.



Additionally, Tesla&#8217;s highly anticipated&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45854273/elon-musks-tesla-officially-named-av-operator-in-austin-ahead-of-robotaxi-launch">Robotaxi launch in Austin</a>&nbsp;on June 12 has received a major boost, with the company officially named as an Autonomous Vehicle operator by the city.



<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45853888/bill-gates-quietly-visits-white-house-amid-trump-musk-feud-urges-marco-rubio-to-reverse-usaid-cuts-" target="_blank" rel="noreferrer noopener">Bill Gates Quietly Visits White House Amid Trump-Musk Feud, Urges Marco Rubio To Reverse USAID Cuts: Report</a></li>
</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Markets

Tesla Stock Climbs 2.3% In Tuesday Pre-Market: What's Going On?

In March, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang praised Huanwei Technologies as China's "<a href="https://www.benzinga.com/media/25/03/44488569/chinas-huawei-reportedly-doubles-ai-chip-yields-to-40-now-nvidia-ceo-jensen-huang-warns-that-the-chinese-tech-giant-is-the-most-formidable-competitor-despite-us-sanctions">most formidable technology company</a>." On Tuesday,  Huawei's founder and CEO, Ren Zhengfei, downplayed the hype, stating that the company's chip technology still trails that of the U.S.



What Happened: In an interview with China's state-run People's Daily, Zhengfei said that the company's chips remain "one generation behind" those of U.S. competitors, reported Reuters.



&#8220;The United States has exaggerated Huawei&#8217;s achievements. Huawei is not that great. We have to work hard to reach their evaluation,&#8221; he stated, adding, &#8220;Our single chip is still behind the U.S. by a generation.&#8221;



See Also: <a href="https://www.benzinga.com/news/entertainment/25/06/45853877/disney-will-pay-comcast-439-million-to-seal-hulu-deal-ending-years-long-streaming-power-struggle">Disney Will Pay Comcast $439 Million To Seal Hulu Deal, Ending Years-Long Streaming Power Struggle</a>



&#8220;We use mathematics to supplement physics, non-Moore&#8217;s law to supplement Moore&#8217;s law and cluster computing to supplement single chips and the results can also achieve practical conditions. Software is not a bottleneck for us,&#8221; the CEO continued.



Huawei is investing 180 billion yuan (approximately $25 billion) annually in research and development, with one-third allocated to theoretical research, Ren said during the interview.



Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.



Why It's Important: Huawei's Ascend line of AI chips <a href="https://www.benzinga.com/markets/equities/25/04/45033025/nvidia-faces-new-challenge-as-huawei-tests-powerful-ascend-910d-ai-chip-amid-us-sanctions-aiming-to-disrupt-high-end-market-report">directly rivals Nvidia's</a> in the Chinese market.



While Nvidia remains the global leader in AI chip technology, <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">U.S. export restrictions</a> have prohibited it from selling its most advanced chips to China, allowing Huawei to gain ground.



In May, the U.S. Commerce Department stated that deploying Ascend chips could breach export control regulations.



In April, <a href="https://www.benzinga.com/government/regulations/25/04/45113788/huaweis-new-ai-cluster-takes-on-nvidia-but-at-a-higher-cost-following-sanctions">Huawei introduced the</a> &#8220;AI CloudMatrix 384&#8221; — a cluster integrating 384 Ascend 910C chips designed for training AI models. Analysts suggest this system may surpass Nvidia's GB200 NVL72 in certain performance metrics.



Last month, it was reported that Huang cautioned that restricting access to China&#8217;s rapidly growing AI market <a href="https://www.benzinga.com/markets/25/05/45243129/nvidia-ceo-jensen-huang-says-losing-access-to-chinas-potential-50-billion-ai-market-would-be-a-tremendous-loss">could negatively impact not only Nvidia</a> but also U.S. jobs and technological innovation.



Nvidia is showing a strong upward price trend across short, medium and long-term periods, according to Benzinga&#8217;s Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional metrics can be found here</a>.



<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10052117/Screenshot-2025-06-10-at-2.49.23%E2%80%AFPM.png" alt="" class="wp-image-944369"/></a></figure>



Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.



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<li><a href="https://www.benzinga.com/markets/large-cap/25/06/45770679/alibaba-jd-see-sales-soar-in-618-festival-apple-and-xiaomi-emerge-as-top-selling-brands" target="_blank" rel="noreferrer noopener">Alibaba, JD See Sales Soar In 618 Festival, Apple And Xiaomi Emerge As Top Selling Brands</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: jamesonwu1972 / Shutterstock.com

NVDA

Nvidia's Jensen Huang Once Called Huawei China's Most Formidable Tech Company, But CEO Ren Zhengfei Says Its Chips Still Lag Behind US Rivals

The Trump administration has expressed its readiness to contemplate alterations to the Medicare program, contingent on the Senate&#8217;s discovery of any fraudulent activities or misuse.



What Happened: White House National Economic Council director Kevin Hassett clarified the administration&#8217;s position on Medicare in a CBS&#8217;s &#8220;Face the Nation&#8221; <a href="https://www.cbsnews.com/news/kevin-hassett-medicare-trump-big-beautiful-bill-face-the-nation/?ref=biztoc.com">interview</a> on Sunday. Hassett stated that while Medicare is not a target in the budget proposal, the administration would consider changes if the Senate uncovers any program abuse.



Dismissing rumors of Medicare cuts as &#8220;a big fake news story,&#8221; Hassett emphasized that any identified abuse in the Medicare provision by the Senate would be reviewed.



Hassett also noted that he has observed substantial waste, fraud, and abuse in Medicaid and if similar issues are detected in Medicare, they would be promptly addressed.



&#8220;If somebody finds waste, fraud and abuse in Medicare, then of course we would look at it,&#8221; Hassett said. &#8220;But there have been a lot of false stories about Medicare being on the table, and it&#8217;s totally not on the table.&#8221;



SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/06/45853487/border-czar-tom-homan-says-no-intention-to-arrest-gavin-newsom-despite-trumps-remarks-they-havent-crossed-a-" target="_blank" rel="noreferrer noopener">Border Czar Tom Homan Says &#8216;No Intention&#8217; To Arrest Gavin Newsom Despite Trump&#8217;s Remarks: &#8216;They Haven&#8217;t Crossed A Line Yet&#8217;</a>



Why It Matters: This statement comes as Senate Republicans examine the House-approved budget bill—referred to by President Donald Trump as the &#8220;One Big Beautiful Bill&#8221;—which includes significant tax cuts, border security provisions, and changes to Medicaid and food assistance programs.



The Trump administration&#8217;s budget proposal has been a topic of intense debate. The bill, which includes&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/45717492/medicaid-cut-concerns-are-totally-ridiculous-says-trumps-budget-chief-russell-vought-quips-i-love-elon-while-countering-musks-criticism">Medicaid cuts</a>&nbsp;and other significant changes, has sparked concerns about the future of healthcare for millions of Americans. The clarification from Hassett provides some insight into the administration&#8217;s stance on Medicare and the potential for adjustments based on Senate findings.



For more context, House Speaker&nbsp;Mike Johnson&nbsp;has defended the bill, arguing that those who lose Medicaid will do so by personal choice. His comments came amid projections that 4.8 million people could lose Medicaid coverage under the new spending bill. Meanwhile, Office of Management and Budget Director&nbsp;Russell Vought&nbsp;dismissed fears about Medicaid cuts as &#8220;ridiculous,&#8221; stating that the Senate would likely vote in favor of a substantially similar bill.



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</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

White House's Kevin Hassett Says Trump Administration Will 'Look At' Medicare Changes If Senate Finds Abuse, Calls Cuts Report 'Fake'

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Monday.



U.S. stocks settled mixed on Monday, with the Nasdaq Composite gaining more than 50 points during the session as trade talks between the U.S. and Chinese officials stoked investor optimism.



Shares of Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) gained more than 4% on Monday after the company announced it reached an agreement to acquire Alphawave for $2.4 billion. Children's Place Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) shares dipped 32% as the company posted weaker-than-expected results for its first quarter.



On the economic data front, U.S. wholesale inventories rose 0.2% month-over-month to $908.7 billion for April. U.S. consumer inflation expectations for the year ahead eased to 3.2% in May compared to 3.6% in the previous month.



Most sectors on the S&amp;P 500 closed on a negative note, with utilities, financials and consumer staples stocks recording the biggest losses on Monday. However, consumer discretionary and materials stocks bucked the overall market trend, closing the session higher.



The Dow Jones closed lower by around 1 point to 42,761.76 on Monday. The S&amp;P 500 rose 0.09% to 6,005.88, while the Nasdaq Composite climbed 0.31% at 19,591.24 during Monday's session.



Investors are awaiting earnings results from Core &amp; Main Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>), The J. M. Smucker Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) and United Natural Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 62.1, the index remained in the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 60.9.



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/06/45835438/top-3-financial-stocks-that-may-collapse-in-june">Top 3 Financial Stocks That May Collapse In June</a> </li>
</ul>



Photo courtesy: Shutterstock

Pre-Market Outlook

S&P 500 Settles Higher Amid US-China Trade Talks: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

Leading cryptocurrencies rallied Monday as trade talks between the U.S. and Chinese officials stoked investor optimism.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 8:45 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+4.17%</td><td>$110,093.96</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+8.15%</td><td>$2,704.22</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+5.66%</td><td>$0.1946</td></tr></tbody></table></figure>



What Happened: Bitcoin spiked above $110,000 after a two-week gap, with trading volumes jumping 55% to $58.45 billion.&nbsp;



Ethereum recorded a steeper rise, rising more than 8% to surpass $2,700. Trading volume nearly doubled to $22.32 billion in the last 24 hours.



As of this writing, Bitcoin held a 63.6% market share, while Ethereum&#8217;s dominance increased to 9.5%.



Over $182 million was liquidated from the cryptocurrency market in the last 4 hours and nearly $438 million in the 24-hour period. About $380 million in short positions were erased&nbsp;



Derivatives traders gave a thumbs up to the rally. Bitcoin's Open Interest popped 7.04% in the last 24 hours, while Ethereum's Open Interest jumped over 12% in the last 24 hours.



The "Greed" sentiment surged from 62 to 71 in the last 24 hours, according to the Crypto Fear &amp; Greed Index, indicating strong buying pressure.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 8:45 p.m. ET)</th></tr></thead><tbody><tr><td>Kaia (KAIA)</td><td>+35.51%</td><td>$0.1447</td></tr><tr><td>Fartcoin (FARTCOIN) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+17.62%</td><td>$1.22</td></tr><tr><td>dogwifhat (WIF)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+15.34%</td><td>$1.03 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization surged 4.10% to $3.44 trillion in the last 24 hours.



Major stock indexes edged higher Monday. The S&amp;P 500 &nbsp;eked out a modest gain of 0.09% to close at 6,005.88. The tech-heavy Nasdaq Composite rose 0.31% to finish at 19,591.24. The Dow Jones Industrial Average was mostly flat, losing 1.11 points to close at 42,761.76.&nbsp;



The movement comes as the U.S. and China <a href="https://www.benzinga.com/news/politics/25/06/45832550/us-and-china-resume-trade-talks-in-london-after-trumps-call-with-xi-jinping">resumed trade talks in London</a>, which will likely also focus on rare earth minerals. The talks aim to address the mounting tensions that have arisen since the 90-day tariff truce was agreed upon in Geneva in May.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: On-chain analytics firm Santiment noted a sharp surge in FOMO among retail traders as Bitcoin rallied.



"Now, they are showing signs of flooding back in with the 2nd largest spike in FOMO in the past 2 weeks. Historically, markets will move in the opposite direction of the retail crowd&#8217;s expectations," Santiment warned.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f973; Monday has kicked off with a bang for crypto traders, as Bitcoin has quickly returned to $108K. After threatening to fall below $100K just 4 days ago, retail traders panic sold. Now, they are showing signs of flooding back in with the 2nd largest spike in FOMO in the past 2… <a href="https://t.co/ZlPvHy8CGg">pic.twitter.com/ZlPvHy8CGg</a>&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1932116013476204605?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Widely followed cryptocurrency analyst Michaël van de Poppe identified $2,700-2,750 as a "strong" resistance area, and if ETH manages to break through, the next &#8220;big surge&#8221; may be imminent.



"It&#8217;s pretty normal to have a correction/consolidation after a 50% upwards move on the price, the longer this consolidation takes, the heavier the breakout upwards will be," the analyst added.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is building up for the next big breakout. Buyers are stepping in sub $2,400 indicating a new floor. The resistance at $2,700-2,750 is strong and once that breaks, we&#39;re likely going to see the next big surge (comparable with Bitcoin at $106,500). It&#39;s pretty normal to… <a href="https://t.co/BONS62Sbqe">pic.twitter.com/BONS62Sbqe</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1932069671731425421?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Paopano on Shutterstock.com



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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45845098/what-is-dogecoins-next-move-watch-these-2-liquidation-levels-trader-warns">What Is Dogecoin&#8217;s Next Move? Watch These 2 Liquidation Levels, Trader Warns</a></li>
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Cryptocurrency

Movers

$BTC

$DOGE

$ETH

Bitcoin Crosses $110,000, Ethereum And Dogecoin Also Surge Amid US-China Trade Optimism: Analyst Says ETH Building Up 'Next Big Breakout'

Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) bold new Liquid Glass design in iOS 26 drew praises from Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, but many fans — including investor Ross Gerber — think it's a <a href="https://www.benzinga.com/markets/tech/25/06/45852236/steve-jobs-would-have-fired-everyone-apples-liquid-glass-in-ios-26-gets-roasted-online-dan-ives-call">step in the wrong direction</a>.



What Happened: On Monday, during <a href="https://www.benzinga.com/markets/tech/25/06/45844424/apple-wwdc-2025-ios-26-announced-with-liquid-glass-design-new-apple-intelligence-features-and-more">Apple's WWDC 2025 keynote</a>, Apple introduced Liquid Glass, the company's new design language for iOS 26.



In a post on X, Apple CEO Tim Cook shared a video of the interface, calling it "Expressive. Delightful. But still instantly familiar."



The design features translucent elements that respond to motion and context, extending across system interfaces like the lock screen, Control Center and home screen.



Musk reposted the video on the platform, saying, "Cool."



See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand" target="_blank" rel="noreferrer noopener">Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: ‘Has Its Head In The Sand'</a>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cool <a href="https://t.co/LVkIjUR6I3">https://t.co/LVkIjUR6I3</a>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1932178538226168280?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



However, not everyone shared Musk's enthusiasm.



Apple's design decisions have long reflected the legacy of legendary Apple co-founder Steve Jobs, who championed clarity and simplicity.



A user on X, @Greggertruck, criticized the design, posting, "Steve Jobs would have fired everyone," alongside a screenshot of the new Control Center. The comment drew agreement from Gerber, who replied with a Hundred Points emoji.



Other users called the update "a smeary mess of colors" and compared it to a beginner's overuse of Photoshop effects.



Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.



Why It's Important: Apple also announced automated Call Screening, which answers calls from unknown numbers, asks for the caller's name and reason for calling and then forwards the call to the user — a long-requested privacy tool.



A major <a href="https://www.benzinga.com/markets/tech/25/06/45846510/apple-wwdc-2025-from-live-translation-to-genmoji-visual-ai-and-chatgpt-integration-here-are-the-new-apple-intelligence-features">practical addition with iOS 26</a> is Live Translation, powered by on-device Apple Intelligence. It enables real-time conversation translation in Messages, FaceTime and phone calls, and is also available for app developers via a new API.



CarPlay also saw improvements. With iOS 26, widgets designed for iPhone now work seamlessly on CarPlay and CarPlay Ultra — the latter debuting on select Aston Martin vehicles and offering car control integration.



The iOS 26 Developer Beta rolled out on Monday, with a public release scheduled for this fall.



Price Action: Apple shares declined 1.21% on Monday to close at $201.45, but saw a slight after-hours gain of 0.15%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.



Benzinga&#8217;s Edge Stock Rankings indicate Apple is showing short-term bullish momentum, despite a downward trend over the medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed metrics can be found here</a>.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09224147/Screenshot-2025-06-10-at-7.11.14%E2%80%AFAM-1.png" alt="" class="wp-image-944032"/></a></figure>



Photo Courtesy: Wongsakorn 2468 on Shutterstock.com



Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/06/45770679/alibaba-jd-see-sales-soar-in-618-festival-apple-and-xiaomi-emerge-as-top-selling-brands" target="_blank" rel="noreferrer noopener">Alibaba, JD See Sales Soar In 618 Festival, Apple And Xiaomi Emerge As Top Selling Brands</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSLA

Tim Cook's Liquid Glass Reveal Is 'Cool,' Says Elon Musk — Apple's New Software Design A Hit Or A Miss With Everyone Else?

On Monday, Cathie Wood-led Ark Invest made a notable move by selling shares of Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) across its ETFs. This decision comes as Coinbase has been riding a wave of optimism in the cryptocurrency market, fueled by Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ascent and Coinbase&#8217;s <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45416971/coinbase-becomes-first-pure-play-crypto-stock-in-sp-500-analyst-sees-major-institutional-upside">recent inclusion</a> in the S&amp;P 500.



The Coinbase Trade



Ark Invest&#8217;s decision to sell Coinbase shares on Monday involved two of its ETFs: Ark Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>) and ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>). The ARKF fund offloaded 6,404 shares, while ARKW sold 730 shares. On Monday, COIN ended the day higher by 2.1% at $256.63. The Ark transactions were valued at $1.83 million.



This move comes in the wake of Coinbase&#8217;s <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45764843/coinbase-crushed-tesla-amazon-and-other-mag-7-peers-in-recent-rally-heres-what-drove-the-stunning-comeback">impressive performance</a>, which saw its stock soar nearly 30% in the past month. The surge was driven by the company&#8217;s historic inclusion in the S&amp;P 500 and renewed optimism in the cryptocurrency sector.



Coinbase&#8217;s recent rally has been fueled by Bitcoin&#8217;s impressive surge past the $100,000 mark. The cryptocurrency reached an all-time high of $111,970.17 on May 23. In the past 24 hours, BTC gained nearly 4% to trade at $109,908.99 — 1.9% below its record high.



This rally has sparked optimism among investors, leading to increased interest in companies like Coinbase, which have been riding the crypto wave. However, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45801402/bitcoins-moonshot-can-microstrategy-and-coinbase-keep-riding-the-crypto-wave">questions remain</a> about whether these companies can maintain their momentum in the face of potential market volatility.



Other Key Trades:



<ul class="wp-block-list">
<li>Sold 154,516 shares of UiPath Inc (PATH) in ARKQ.</li>



<li>Bought 8,222 shares of L3Harris Technologies Inc (LHX) in ARKQ and 2,522 shares in ARKX.</li>



<li>Bought 25,034 shares of Veracyte Inc (VCYT) in ARKK.</li>



<li>Sold 28,569 shares of 3D Printing ETF (PRNT) in ARKX.</li>
</ul>



Benzinga's Edge Stock Rankings indicate Coinbase checks out on Short, Medium and Long Price Trends. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how the stock fares</a> on other metrics.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="760" height="96" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09212922/Screenshot-2025-06-10-at-10.29.03.png" alt="" class="wp-image-943979" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09212922/Screenshot-2025-06-10-at-10.29.03.png 760w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09212922/Screenshot-2025-06-10-at-10.29.03-300x38.png 300w" sizes="(max-width: 760px) 100vw, 760px" /></a></figure>



Photo Courtesy: ChrisStock82 on Shutterstock.com



Read Next: 



<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/equities/25/06/45832827/elon-musks-father-says-trump-will-prevail-blames-sons-feud-mistake-on-stress-as-tesla-stock-slid" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Father Says &#8216;Trump Will Prevail,&#8217; Blames Son&#8217;s Feud &#8216;Mistake&#8217; On Stress As Tesla Stock Slides Nearly 2.5% In Monday Pre-Market</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ARKF

ARKW

COIN

Cathie Wood Dumps $1.8 Million In Coinbase Stock As Bitcoin Nears $110K All-Time High

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is back with its annual developer conference, where the company announced a major design overhaul and new Apple Intelligence features with the iOS 26, macOS Tahoe 26, iPadOS 26 and more.



What Happened: At the ongoing Worldwide Developers Conference (WWDC), Apple announced Liquid Glass, its new material design. The Cupertino giant also revealed a major overhaul to its applications, CarPlay and more.



Here&#8217;s What&#8217;s New With iOS 26



Liquid Glass



Liquid Glass is the Cupertino Giant's new design language, which dynamically reacts to movement and offers a translucent material effect. It refracts to its surroundings, aimed at offering better focus on content.



It combines the optical qualities of glass with a fluidity only Apple can achieve, as it transforms depending on your content or context. It lays the foundation for new experiences in the future and, ultimately, it makes even the simplest of interactions more fun and magical," said Alan Dye, Apple's vice president of Human Interface Design.



The Liquid Glass design extends from elements like the buttons, media controls, and sliders to larger functions such as the lock screen, home screen and the control centre.



Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.



App Design



Apple has also overhauled the app design, redesigning controls, toolbars and even navigation within the apps.



The new phone app offers a combined layout for recent and voicemails.



Apple also announced call screening, a much-awaited feature for iOS. Automated Screening will automatically answer calls from unknown numbers and ask for their name and the reason for calling, before passing the call to the user.



Messages has also received its share of updates, allowing you to add custom backgrounds to convos. Group Chats have received the ability to hold polls, with AI also stepping in and suggesting polls when needed.



Group Chats have also received features such as typing indicators and the ability to send and request Apple Cash.



You will be able to create new emojis by merging two emojis with Genmoji and Image Playground will let you make images with OpenAI's ChatGPT.



Live Translation



Apple is also adding live translation powered by Apple Intelligence with iOS 26. This can translate conversations on the go, using on-device models. It can translate conversations in FaceTime Calls, phone or messages.



Developers will be able to add Live Translation to their apps using an API.



CarPlay



iOS 26 brings widgets with Apple CarPlay. The widgets developed for the iPhone now also work with CarPlay and CarPlay Ultra. CarPlay Ultra, which is currently limited to select Aston Martin cars, brings car controls to the CarPlay experience.



Maps, Music And Wallet



In addition to Live Translate, iOS 26 also brings Lyrics Translation and Lyrics Pronunciation.



Apple Maps comes with a new Visited Places feature that helps users remember places they have been to. Users will be able to enable this feature, allowing Maps to detect when they visit a restaurant or a cafe and add it.



Wallet will soon get the ability to add car keys from over 20 brands. Users will also be able to pay with rewards or in installments when making in-store purchases with Apple Pay using an iPhone.



The Wallet app also brings a major update for travellers, allowing them to add their boarding pass to get real-time updates on Live Activities.



iPhones That Will Get The iOS 26 Update



<ul class="wp-block-list">
<li>iPhone 16e</li>



<li>iPhone 16 and 16 Plus</li>



<li>iPhone 16 Pro and 16 Pro Max</li>



<li>iPhone 15 and 15 Plus</li>



<li>iPhone 15 Pro and 15 Pro Max</li>



<li>iPhone 14 and 14 Plus</li>



<li>iPhone 14 Pro and 14 Pro Max</li>



<li>iPhone 13 and 13 mini</li>



<li>iPhone 13 Pro and 13 Pro Max</li>



<li>iPhone 12 and 12 mini</li>



<li>iPhone 12 Pro and 12 Pro Max</li>



<li>iPhone 11</li>



<li>iPhone 11 Pro and 11 Pro Max</li>



<li>iPhone SE (2nd gen and later)</li>
</ul>



The Developer Beta for iOS 26 will be available today, with a public launch this fall.



macOS Tahoe 26



To begin with, the macOS Tahoe 26 brings in the new Liquid Glass UI elements, offering new app icons in the dock, new control centre and more.



macOS Tahoe 26 brings the phone app to the Mac for the first time, allowing users to access contacts, voicemails and recent calls right from the Mac.



Spotlight Search has been revamped, offering results from files, apps, folders and more into a single combined view for easier access.



Live Activities, such as flight tracking from your iPhone, will now also be visible on your Mac with the new update.



Live Translation will be available in messages, phone and FaceTime with the macOS Tahoe 26.



For gamers, the new Games app will offer a place to view all your current games and track your friends' gaming progress. The update also brings a new overlay while gaming, allowing users access to chat and settings without having to leave the screen.



iPadOS 26



Apple has also announced iPadOS 26, the new software for its iPad. While iOS 26 gets the bulk of the features, iPadOS 26 has received its fair share of updates.



iPadOS 26 also brings the new Liquid Glass design, offering a similar experience to the iPhone.



iPadOS 26 comes with a new windowing system, which allows users to easily switch between app windows. This allows users to resize app windows, open multiple app windows at once, and even resize app windows.



In a first for the iPad, iPadOS 26 brings a new Menu bar, allowing users to access the commands available in an app by swiping down from the top of the display.



The Live Translation feature will be available in messages, phone and FaceTime with iPadOS 26.



iPad OS 26 is now available in developer beta, with the public launch this fall.



iPad Models That Will Get The iOS 26 update



<ul class="wp-block-list">
<li>iPad Pro (M4)</li>



<li>iPad Pro 12.9-inch (3rd gen and later)</li>



<li>iPad Pro 11-inch (1st gen and later)</li>



<li>iPad Air (M2 and later)</li>



<li>iPad Air (3rd gen and later)</li>



<li>iPad (A16)</li>



<li>iPad (8th gen and later)</li>



<li>iPad mini (5th gen and later)</li>
</ul>



watchOS 26



The watchOS 26 comes with the Liquid Glass Design and a new flagship feature, the Workout Buddy, an Apple Intelligence-powered fitness feature.



Workout Buddy incorporates the user's data and fitness history to generate personalized insights during the session, utilizing data such as heart rate, pace, distance, fitness milestones, and more. In addition to insights, Workout Buddy will also provide motivation to users in the form of pep talks.



One example of a pep talk the Workout Buddy will give is "Way to get out for your run this Wednesday morning. You're 18 minutes away from closing your Exercise ring. So far this week, you've run 6 miles. You're going to add to that today." 



The update also brings a revamp to the layout and navigation, offering four new buttons in the corner of the workout app, allowing user to quickly get to their selected workout.



The Messages app gets Live Translation support, allowing users to quickly translate incoming messages into their preferred language.



Apple also announced tvOS 26 and visionOS 26 at WWDC 2025.



Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.



Photo courtesy: jamesteohart / Shutterstock.com

Apple WWDC 2025: iOS 26, macOS Tahoe 26 And More Announced With Liquid Glass Design, Live Translation, Other Apple Intelligence Features

A silver &#8220;supercycle&#8221; may already be underway, as the structural market tightness and resurgent investor interest in the grey metal set the stage for a potential breakout above the all-time high of $50 per ounce last reached in 2011, according to Otavio Costa, macro strategist at <a href="https://www.benzinga.com/topic/expert-ideas">hedge fund Crescat Capital.</a>



"Silver is just catching up to gold," Costa said in an exclusive interview with Benzinga, noting that the metal's decade-long underperformance is poised to reverse.



Since early June, silver prices have surged over 10%, breaking above $36.80 on Monday and reaching levels last seen in February 2012. The iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) has now risen 25% year-to-date through June 9, perfectly matching SPDR Gold Trust&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) performance.



Costa indicated silver is now entering a critical phase that could resemble historical boom cycles.



<h3 class="wp-block-heading">Silver-To-Gold Ratio Signals More Room To Run</h3>



When gold leads, silver then follows. 



Silver is "the next one in line," Costa said.



The grey metal is trading at roughly 100 ounces per ounce of gold—a level Costa calls historically unsustainable and a clear setup for a sharp reversal.



"We've only seen this a few times in history," he said. "Every time, the ratio eventually collapses."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The gold-to-silver ratio is now breaking down as silver accelerates and begins to catch up with gold. Just a month ago, investors were telling me this time was different — that the ratio wouldn't revert and we were witnessing a structural shift. But notice the trend.… <a href="https://t.co/r4JE7gAoPt">pic.twitter.com/r4JE7gAoPt</a>&mdash; Otavio (Tavi) Costa (@TaviCosta) <a href="https://twitter.com/TaviCosta/status/1932101773604307231?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



According to the expert, silver is now transitioning from being viewed strictly as an industrial commodity to being increasingly perceived as a monetary hedge—just as gold demand from central banks accelerates.



"Silver has been a monetary metal in the past, and once it starts moving higher, it becomes less of an industrial and much more of a monetary metal," he said.



<h3 class="wp-block-heading">Silver At $50? The Next Key Resistance</h3>



Costa told Benzinga that the metal's next technical battleground is the $50 threshold—a level reached during the 2011 rally and in the late 1970s Hunt Brothers episode.



"There's no such thing as a triple top," he said. 



"Once silver breaks $50, we enter price discovery. Nobody knows where it goes from there."



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="533" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-1024x533.png" alt="" class="wp-image-943788" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-1024x533.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-300x156.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-768x400.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-1536x800.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09151054/image-127-2048x1066.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h3 class="wp-block-heading">Market Dynamics Say Demand Sharply Outweighs Supply </h3>



Costa highlighted the lack of new silver discoveries and project development. "There are no major supply additions coming that will significantly alter the market in the next few years," he said.



At the same time, industrial demand—especially for solar panels—is rising rapidly.



"The demand factors have changed quite significantly," Costa said.



Solar now represents 15% to 17% of global silver demand, a sharp increase from the low single-digit percentages of just a few years ago.



Crescat Capital owns San Cristobal, one of the largest silver mines in the world, and Costa highlighted unusual pricing behavior in the physical market.



He said Chinese buyers have been paying premiums of $1 to $3 per ounce on silver concentrate over the past 6 to 12 months.



"That premium wasn't reflected in the futures market—but now we're starting to see it," he said.



"I'm already invested in silver. But you never have enough of it."



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/06/45842761/silver-just-shattered-a-14-year-ceiling-could-50-be-next">Silver Just Shattered A 14-Year Ceiling &#8211; Could $50 Be Next?</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Specialty ETFs

Commodities

Silver Supercycle: 'You Never Have Enough Of It,' Hedge Fund Analyst Says As $50 Level Looms

Wall Street opens the week on a quiet note, with major indexes steady as investors await potential trade breakthroughs during high-level <a href="https://www.benzinga.com/news/econ-s">U.S.-China talks in London.</a>



The S&amp;P 500 is flat at 6,000, holding near record highs after rallying nearly 25% since the April 7 low, while the Nasdaq 100 inched 0.3% higher to 21,830.



Small-cap stocks continue to outperform, extending their catch-up trade, with the Russell 2000 up 0.7% to its highest level since early March.



The lack of market-moving economic data kept the U.S. dollar and Treasury yields little changed. The 10-year yield holds around 4.47%, while the 30-year sits at 4.96%.



Gold resumed its upward trend, gaining 0.8% to $3,330 per ounce after two days of declines. But it&#8217;s silver that continues to steal the spotlight, surging nearly 2% to $36.67 per ounce — the highest level since February 2012 — and up more than 10% over the past week, as investors seek the next bullish trade in metals following gold's 2025 breakout.



Other metals also rallied, with platinum up 4%, palladium rising 3.1% and copper gaining 2%.



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) attracted fresh bids, climbing above $108,000 to its highest level since May 29.



<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>Chg %</td></tr><tr><td>Russell 2000</td><td>2,145.65</td><td>0.7%</td></tr><tr><td>Nasdaq 100</td><td>21,826.91</td><td>0.3%</td></tr><tr><td>S&amp;P 500</td><td>6,009.21</td><td>0.1%</td></tr><tr><td>Dow Jones</td><td>42,761.90</td><td>0.0%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:35 p.m. ET </figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched up by 0.2% to $600.02.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) flattened at $428.36.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.3% to $531.33.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.7% to $213.34.</li>



<li>The&nbsp;Materials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) outperformed, up 0.9%; the&nbsp;Financials&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) lagged, down 0.7%.</li>
</ul>



<h1 class="wp-block-heading">Monday&#8217;s Stock Movers</h1>



<ul class="wp-block-list">
<li>Cameco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) rallied by 11%, reaching new all-time highs after a slew of investment banks, including Scotiabank and BMO Capital, raised the price target.</li>



<li>Mining giant Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) rose 2.8%, hitting levels last seen in late March. </li>



<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) rallied over 5% after Bank of America raised the price target from $135 to $150. </li>



<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>), Joby Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) and Vertical Aerospace Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) each gained around 15% after a White House executive order on Friday directed federal agencies to expand drone and electric aircraft operations in U.S. airspace. Read Next: • <a href="https://www.benzinga.com/trading-ideas/technicals/25/06/45841945/stock-of-the-day-nvidia-tests-new-resistance-could-another-breakout-be-brewing">Stock Of The Day: NVIDIA Tests New Resistance — Could Another Breakout Be Brewing?</a> Photo: Shutterstock </li>
</ul>

Mid Cap

Small Cap

ACHR

EVTL

JOBY

Silver Breaks Past 13-Year Highs, Small Caps Rise, Bitcoin Tops $108,000: What's Driving Markets Monday?

<a target="_blank" href="https://www.benzinga.com/topic/chinese-stocks" rel="noreferrer noopener">U.S.-listed Chinese stocks</a> Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>),&nbsp;Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>),&nbsp;JD.Com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>),&nbsp;and PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) are trading higher on Monday.



The up movement comes as U.S. and Chinese officials meet in London on Monday for trade talks, which will likely focus on rare earth minerals too.



Chinese EV stocks, including Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) and XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), also gained on Monday.



Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45703311/us-listed-chinese-stocks-drop-after-trump-renews-trade-tensions" rel="noreferrer noopener">Trump Accuses China of Violating Tariff Deal — U.S.-Listed Chinese Stocks Slide in Response</a>



The meeting came after President Donald Trump and Chinese President Xi Jinping discussed trade issues on the phone&nbsp;last week.



China has reportedly&nbsp;granted temporary approvals&nbsp;for the export of rare earths, while jetliner&nbsp;Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has&nbsp;begun commercial jet deliveries&nbsp;in China, CNBC <a target="_blank" href="https://www.cnbc.com/2025/06/09/asia-stock-markets-today-live-updates-june-9-2025.html" rel="noreferrer noopener">reported</a> on Monday.



China's&nbsp;consumer price inflation&nbsp;dropped by 0.1% in May, compared to Reuters consensus estimates of 0.2%. The producer price index declined 3.3% compared to a 3.2% analyst consensus estimate.



China's export growth&nbsp;missed expectations in May, plunging 48.3% year over year as shipments to the U.S. declined sharply.



Rare earth elements play significant roles, from smartphones to electric vehicles to fighter jets. The U.S. depends on China for ~70% of imports of rare earth elements, signaling U.S. supply chain risks, SCMP <a target="_blank" href="https://www.scmp.com/economy/global-economy/article/3313697/ahead-us-china-talks-chinas-rare-earth-trade-data-may-shows-leverage-action" rel="noreferrer noopener">reported</a> on Monday, citing analyst estimates.



Beijing has maintained export controls on&nbsp;medium and heavy rare earths, which it announced on April 4 despite the Geneva, Switzerland understanding in May.



Last week, UBS Group&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45729089/china-stocks-get-boost-as-ubs-hsbc-cite-stimulus-hopes-tariff-truce-cheap-valuations" rel="noreferrer noopener">expressed optimism&nbsp;about</a> Chinese stocks, citing&nbsp;the recent tariff pause with the U.S., potential&nbsp;stimulus measures from Beijing, and attractive low valuations as key drivers.



Neil Hosie of UBS said Beijing's economic policy measures in September and the emergence of artificial intelligence start-up&nbsp;DeepSeek's affordable models sparked global investor interest in China equities.



Hosie said a 90-day tariff truce and Beijing's hopes for domestic stimulus have translated into higher inflows into China's markets.



Read Next:



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<li><a href="https://www.benzinga.com/markets/tech/25/06/45817700/pony-ai-begins-testing-futuristic-robotaxis-in-china-mass-rollout-could-be-next" target="_blank" rel="noreferrer noopener">Pony.ai Begins Testing Futuristic Robotaxis In China, Mass Rollout Could Be Next</a></li>
</ul>



Image via Shutterstock

Asia

Government

Media

BABA

BIDU

XPEV

US Listed Chinese Stocks Gain As US-China Trade Talks Spark Optimism

Markets have entered a rare calm zone. After months of economic hand-wringing and geopolitical jitters, investor nerves seem to have settled. <a href="https://www.benzinga.com/topic/volatility#:~:text=Volatile%20markets%20are%20a%20part,decisions%20based%20on%20careful%20analysis.">Volatility has been</a> bleeding out of the system, quietly and relentlessly.



Charlie Bilello's tweet grabbed attention this week:



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The 63% decline in the <a href="https://twitter.com/search?q=%24VIX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VIX</a> over the last 9 weeks is the biggest volatility crash in history.<a href="https://t.co/rQuXrxVpWs">https://t.co/rQuXrxVpWs</a> <a href="https://t.co/4d1muTTXfC">pic.twitter.com/4d1muTTXfC</a>&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1931702139438481703?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The CBOE Volatility Index or VIX has dropped a staggering 63% over the last nine weeks &#8211; the steepest crash in its history. That plunge comes as the S&amp;P 500 Index gently climbed over the <a href="https://www.benzinga.com/markets/equities/25/06/45831332/sp-500-hits-6000-level-following-positive-jobs-data-investor-sentiment-improves-fear-index-remains-in-greed-zone">awaited 6,000 level</a>, shrugging off recent geopolitical noise.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="558" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09101452/Screenshot-2025-06-09-at-7.44.26-PM-1024x558.png" alt="" class="wp-image-943255" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09101452/Screenshot-2025-06-09-at-7.44.26-PM-1024x558.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09101452/Screenshot-2025-06-09-at-7.44.26-PM-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09101452/Screenshot-2025-06-09-at-7.44.26-PM-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09101452/Screenshot-2025-06-09-at-7.44.26-PM.png 1134w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Chart created using TradingView



The VIX is now near 17, well under its long-term average of around 20 &#8211; a level that would normally raise eyebrows. That signals traders aren't building in much fear. Instead, they're letting the calm ride—not even hiccupping into early summer.



Read Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45835942/self-driving-cars-may-slash-insurance-costs-50-by-2040-challenge-traditional-insurers-goldman-sachs">Self-Driving Cars May Slash Insurance Costs 50% By 2040, Challenge Traditional Insurers: Goldman Sachs</a>



<h2 class="wp-block-heading">2017 Deja Vu? Or New Dynamics</h2>



But history warns that deep calm can mask hidden risks. 



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="558" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09102831/Screenshot-2025-06-09-at-7.56.27-PM-1024x558.png" alt="" class="wp-image-943280" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09102831/Screenshot-2025-06-09-at-7.56.27-PM-1024x558.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09102831/Screenshot-2025-06-09-at-7.56.27-PM-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09102831/Screenshot-2025-06-09-at-7.56.27-PM-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09102831/Screenshot-2025-06-09-at-7.56.27-PM.png 1134w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Chart created using TradingView



Think late 2017: a suppressed VIX and steady S&amp;P rally laid the groundwork for early 2018's brutal snapback. Those who dismissed growing tail risks were caught flat-footed.



We're seeing similar dynamics this time: the VIX remains subdued, but subtle signals — like flattened skew and a sticky VVIX — suggest investors are quietly hedging rather than celebrating.



<h2 class="wp-block-heading">Are High-Beta Arenas The Next Market Move?</h2>



Sector-wise, this serenity has pumped up high-beta arenas. Tech-centric ETFs like the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and the VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) are pacing the gains while momentum names, especially the Magnificent Seven, continue to dominate flows. XLK has gained about 11% and SMH is up about 16% over the past month alone. The Mag 7-tracking Roundhill Magnificent Seven ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#BATS">MAGS</a>) is up 10.75% over the last month.



Meanwhile, defensive pockets like consumer staples and utilities aren't moving enough to signal that safety trades are safe.



Recent headlines may have cooled rising tensions with China and delivered solid jobs data, offering a backdrop of optimism. Some strategists even see room for the S&amp;P to drift to <a href="https://www.marketwatch.com/story/third-time-lucky-citi-changes-its-s-p-target-once-more-after-index-hits-6-000-bd3fac80">6,300</a> or beyond later this year. Yet complacency is a restless beast.



The real question now is whether this serene setup turns into a springboard for more upside… or an overdue reversal. Without obvious catalysts &#8211; Fed moves, unexpected inflation or global shocks &#8211; the market may stay mellow. 



But volatility has a reputation for snapping back suddenly. And when it does, high-growth and leveraged names are often the first to feel the burn.



For now, investors have a choice: ride the calm or prepare for the turbulence when it returns. Quiet markets are attractive. Just don't mistake that silence for safety.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45827784/youd-be-a-millionaire-if-you-invested-10000-in-this-stock-in-1995-here-is-sp-500s-top-performing-stock-over-the-last-30-years">You&#8217;d Be A Millionaire If You Invested $10,000 In This Stock In 1995: Here Is S&amp;P 500&#8217;s Top Performing Stock Over The Last 30 Years</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Sector ETFs

MAGS

S&P 500's Steady Climb To 6000 Just Killed The VIX – What This Volatility Crash Means For The Next Market Move

Self-driving cars are poised to disrupt the $430-billion U.S. auto insurance market, according to Goldman Sachs, as fewer accidents and shifting risks could cut insurance costs by more than half over <a href="https://www.benzinga.com/topic/expert-ideas">the next 15 years.</a>



In a research note shared Monday, Goldman analyst Mark Delaney indicated that insurance costs are projected to decline from roughly $0.50 per mile in 2025 to just $0.23 per mile by 2040.



That compression could severely challenge the current economics of the insurance sector.



&#8220;Autonomy could significantly reduce the number of auto accidents, particularly those caused by human error,&#8221; Delaney stated. 



<h3 class="wp-block-heading">Autonomous Vehicles Threaten Auto Insurance Model, But Industry Has Time To Adjust</h3>



The U.S. auto insurance market stands at around $432 billion today, including $360 billion in personal coverage and $72 billion in commercial.



 As vehicles become safer and smarter, Goldman sees a major transformation in how risk is priced and how legal liability is assigned.



"The two primary long-term risks to auto insurers, are declines in accident frequency and changes in claim costs and legal liability," Delaney said.



Autonomy, especially through Advanced Driver Assistance Systems (ADAS), is already reducing accident frequency while simultaneously pushing up repair costs due to increasingly complex vehicles. 



Goldman forecasts that even with declining accident rates, a modest rise in total vehicle count and higher cost per claim—driven by both tech-heavy cars and litigation—will support modest premium growth over the next 10 to 15 years.



&#8220;We expect a continuation of the modest real growth that the auto insurance market has produced over recent decades/years, driven by increases in the number of vehicles and above-CPI increases in cost per claim,&#8221; Delaney said. 



While the long-term outlook for autonomous vehicles shows potential growth, the Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>) has slipped 7% year-to-date, still reflecting some market skepticism.



<h3 class="wp-block-heading">Will Robotaxis Kill Traditional Insurance?</h3>



Self-driving vehicles are creating both threats and opportunities for the car insurance industry. Goldman estimates that the market for robotaxi insurance could reach $1 billion to $1.5 billion by 2030, still a small fraction of the broader market.



Yet, new players may enter the market posing a competitive threat to established insurers. 



&#8220;Some larger companies in the AV space could self-insure,&#8221; the note said, thus reducing the commercial opportunity for traditional insurers such as Progressive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) and Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>). 



Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), and Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) are already offering insurance, though mainly on a small scale. Tesla earned about $317 million in insurance revenue in 2024, while Rivian partners with underwriters like Nationwide and Progressive to avoid taking on risk directly.



More than just who underwrites coverage, the very nature of auto insurance could change. 



According to Goldman Sachs, autonomy could shift insurance from covering driver error to managing product liability and cyber risks—areas that fall outside the traditional underwriting expertise of most insurers. 



Traditional insurers may need to invest in new capabilities to stay competitive, while automakers looking to expand into insurance will have to prove they can manage risk profitably without adding balance sheet losses.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/treasuries/25/06/45798569/think-5-yields-will-crush-stock-market-goldman-sachs-says-think-again">Think 5% Yields Will Crush Stock Market? Goldman Sachs Says Think Again </a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Insurance

DRIV

RIVN

Self-Driving Cars May Slash Insurance Costs 50% By 2040, Challenge Traditional Insurers: Goldman Sachs

As China&#8217;s May export data missed expectations just ahead of the <a href="https://www.benzinga.com/news/politics/25/06/45832550/us-and-china-resume-trade-talks-in-london-after-trumps-call-with-xi-jinping">second round of U.S.-China</a> trade negotiations, leading experts are offering sharply divergent interpretations of how the data will be leveraged during the trade talks. 



What Happened: While Mohamed A. El-Erian, a senior economist and former CEO of PIMCO, has sounded an alarm over &#8220;worrisome&#8221; figures, Bob Elliott, the CIO at Unlimited Funds, suggests China faces &#8220;little urgency&#8221; to concede.



According to El Erian, recent Chinese trade and inflation data were particularly troubling as May&#8217;s export figures fell below consensus forecasts.



The exports in May grew by 4.8%, missing the expected 5%, &#8220;it highlights the growing pressures the Chinese economy is under,&#8221; said El Erian.



Despite a rise in trade surplus by 25% compared to the previous year, El Erian noted that inflation in China experienced its &#8220;fourth consecutive month of negative readings,&#8221; falling by 0.1%, and producer price index inflation registered a negative 3.3%.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Worrisome Chinese trade and inflation data ahead of the country's negotiations with the US this week: China's exports and imports for May came in below the consensus forecast, primarily due to the sharp decline in trade with the US. Driven by an 18.5% drop, China's imports…&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1931985470046490947?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



In stark contrast, Elliott presented a more sanguine view, asserting that despite U.S. tariffs on Chinese goods &#8220;running at 30%,&#8221; recent data shows &#8220;little indication of a slowdown in the Chinese economy.&#8221; He believes these &#8220;stable economic conditions suggest little urgency for the Chinese to make a disadvantageous deal&#8221; in the ongoing trade talks.



He attributed this resilience to China&#8217;s strategic redirection of its export capacity &#8220;away from the US and to other jurisdictions.&#8221; While exports to the U.S. have indeed fallen by 34.5%, Elliott highlighted that &#8220;exports to other locations are up 11.4%.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A big reason for this is that the Chinese have redirected their export capacity away from the US and to other jurisdictions. Exports to the US have fallen 34.5%, while exports to other locations are up 11.4%. <a href="https://t.co/EEIM5i8ydR">pic.twitter.com/EEIM5i8ydR</a>&mdash; Bob Elliott (@BobEUnlimited) <a href="https://twitter.com/BobEUnlimited/status/1932011756701831277?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



He concluded his analysis by stating, &#8220;The export data, timely surveys and markets mostly point to the same picture: China is hanging in there just fine despite the high tariffs.&#8221;



See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45832125/as-trump-flames-powell-for-holding-back-on-rate-cuts-economists-divided-on-feds-app">As Trump Flames Powell For Holding Back On Rate Cuts, Economists Divided On Fed&#8217;s Approach</a>



Why It Matters: As U.S. and Chinese negotiators begin talks, these sharply differing interpretations of China&#8217;s economic resilience or fragility will undoubtedly color the approach of both sides, particularly regarding Beijing&#8217;s willingness to make concessions.



According <a href="https://www.bbc.com/news/articles/cql2x6d2zkgo?ref=biztoc.com">to</a> the BBC, U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer will represent Washington in talks, facing a Beijing delegation led by Chinese Vice Premier He Lifeng.



Last week&#8217;s <a href="https://www.benzinga.com/news/politics/25/06/45793852/trump-reaches-out-to-xi-as-markets-react-tensions-simmer">phone call</a> between President Donald Trump and Chinese President Xi Jinping, described by Trump as having reached &#8220;a very positive conclusion for both countries,&#8221; paved the way for this meeting.



Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were flat in premarket on Monday. The SPY was up 0.12% at $599.88, while the QQQ advanced 0.055% to $530.21, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pr</a>o data.



Read Next:



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<li><a href="https://www.benzinga.com/markets/tech/25/06/45834012/tom-lee-dismisses-worries-over-tumbling-tsla-stock-amid-elon-musk-trump-feud-tesla-still-holds-all-of-its-advantages-so-we-arent-too-concerned">Tom Lee Dismisses Worries Over Tumbling TSLA Stock Amid Elon Musk-Trump Feud: &#8216;Tesla Still Holds All Of Its Advantages, So We Aren&#8217;t Too Concerned&#8217;</a><div class="flex flex-col w-full items-start lg:flex-row" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246/0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; display: flex; width: 734.667px; flex-direction: row; align-items: flex-start; color: rgb(45, 45, 45); font-family: Manrope, Manrope-fallback, sans-serif; font-size: 16px; white-space-collapse: collapse; background-color: rgb(25, 41, 64);"><div class="sc-csAPp iLLqxH article-submitted flex flex-grow" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246/0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; display: inline-block; flex-grow: 1; font-size: 14px; margin-bottom: 0.3rem;"><div class="article-submitted-content flex-wrap" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246/0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; flex-wrap: wrap;"><div class="article-author-wrap flex items-center gap-1 text-gray-300" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246/0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; display: flex; align-items: center; gap: 0.25rem; --tw-text-opacity: 1; color: rgb(209, 213, 219);"><span class="author" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246/0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;"></div></div></div></div></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. 



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Mohamed El Erian Warns Of 'Worrisome' Chinese Trade Data Looming Over US Negotiations, But Bob Elliott Sees 'Little Urgency' For China To Sign A 'Disadvantageous Deal'

After a <a href="https://www.benzinga.com/markets/economic-data/25/06/45812372/us-labor-markets-defies-tariff-concerns-as-nonfarm-payrolls-wages-top-expectations-in-may">steady May jobs report</a> that was released Friday, economists are at a crossroads about their view on the monetary policy. While some believe that the Federal Reserve should hold onto its &#8220;wait and see&#8221; stance, others affirm that the central bank can start cutting interest rates.



What Happened: While most economists were in consensus that the Federal Reserve should wait for the tariff implications to play out before cutting interest rates. Jamie Cox, the managing partner at Harris Financial Group, believed that the Fed should start cutting interest rates as soon as July.



&#8220;The labor market is strong, but cooling. I expect this report, with all its revisions, to bring the Fed back into cutting mode in July,&#8221; he said.



According to the data shared by the Bureau of Labor Statistics, the <a href="https://www.benzinga.com/markets/economic-data/25/06/45812372/us-labor-markets-defies-tariff-concerns-as-nonfarm-payrolls-wages-top-expectations-in-may">nonfarm payrolls</a> rose by 139,000 in May, beating consensus expectations of 130,000. However, it was lower than its average monthly gain of 149,000 over the last 12 months.



However, Chris Zaccarelli, the CIO at Northlight Asset Management said, &#8220;The Fed should be reluctant to cut rates because the full effects of tariffs haven't impacted inflation numbers yet and the job market isn't deteriorating enough to force their hand, which is why we don't expect them to cut rates until the end of this year, if at all.&#8221;



And Jeffrey Roach, the chief economist at LPL Financial, said, &#8220;If payroll growth trudges on like this, the Fed will likely remain in &#8216;wait and see&#8217; mode.&#8221;



See Also:&nbsp;<a href="https://www.benzinga.com/markets/25/06/45828107/larry-summers-identifies-3-key-reasons-for-rising-us-debt-but-doesnt-think-trumps-big-beautiful-bill">Larry Summers Identifies 3 Key Reasons For Rising US Debt, But Doesn't Think Trump's ‘Big Beautiful Bill' Is The Medicine The Country Needs</a>



Why It Matters: Apart from nonfarm payrolls, the average hourly earnings rose 0.4% from a month ago and 3.9% from last year. Thus, the wages rose faster than inflation, giving workers some relief from inflation pressure.



The unemployment rate was unchanged at 4.2% and has been rangebound for the past year. The employed population stood at 59.7%, a decline from last month and still below the Jan 2020 level.



On Friday, senior economist Mohamed El-Erian said in an X post that the <a href="https://www.benzinga.com/markets/economic-data/25/06/45818251/trump-cheers-strong-jobs-data-renews-attack-on-feds-powell-rates-should-be-much-lower">central bank should wait</a> to cut the rates, given that &#8220;both May job creation and wage growth were higher than consensus forecasts.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One clear message from today's US jobs report is that, whatever the average expectations were for Fed rate cuts, they should now be somewhat smaller and somewhat later. Why? Because BOTH May job creation AND wage growth were higher than the consensus forecasts. Specifically, Job…&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1930984774111199441?ref_src=twsrc%5Etfw">June 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 99.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. However, the odds of a cut increased over 60% for the September, October, and December meetings.



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Friday. The SPY was up 1.03% to $599.14, while the QQQ advanced 0.98% to $529.92, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



On Monday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading lower.



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Photo courtesy: Domenico Fornas / Shutterstock.com

As Trump Flames Powell For Holding Back On Rate Cuts, Economists Divided On Fed's Approach

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