Stock market futures are pointing a bit higher following today’s Consumer Price Index release and news that China and U.S. have reached a trade deal. The U.S.-China trade framework emerging from London includes assurances on rare‑earths supply and potential tariff easing.
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On Wall Street, Goldman Sachs is warning that despite strong tech-driven gains, underlying weakness may be emerging. Their analysts point to tech’s underperformance, rotation toward small caps and cyclicals, and fading momentum among “quality” names.
In pre-market trading, S&P 500 futures rose 0.32%, Nasdaq futures rose 0.42% and Dow futures rose 0.21%.
Check out this morning’s top movers from around Wall Street, compiled by The Fly.
HIGHER –
- Tesla (TSLA) up 2% after CEO Elon Musk said via X, “I regret some of my posts about President @realDonaldTrump last week. They went too far.”
UP AFTER EARNINGS –
- SailPoint (SAIL) up 12%
- Victoria’s Secret (VSCO) up 1%
- Cognyte (CGNT) up 1%
- Stitch Fix (SFIX) up 19%
- Dave & Buster’s (PLAY) up 11%
DOWN AFTER EARNINGS –
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Read More on TSLA:
- Tesla up 3% to $335.96 after Musk expresses regret on Trump posts
- Is Nvidia Stock Already Priced for Perfection? Huang’s Europe Tour Hit ‘Peak Narrative’
- Elon Regrets Trump Tirade, But Is It Too Late to Save Tesla’s Swagger?
- SPY ETF News, 6/11/2025
- Elon Musk regrets some Trump posts, says ‘went too far’