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US stock futures trod water on Monday ahead of renewed US-China trade talks in London, as investors watched for signs either side is willing to dial down tensions and reach a tariff deal.
S&P 500 futures (ES=F) were little changed after the broad benchmark edged above 6,000 to notch its highest close since February. Dow Jones Industrial Average futures (YM=F) also fluctuated along the flat line, while contracts on the tech-heavy Nasdaq 100 (NQ=F) nudged 0.1% lower.
Stocks ended last week on a high note, appearing to shake off the volatility that has plagued markets following President Trump's early-April tariff hikes. Encouraging jobs data helped ease fears of a recession fueled by his policy overhaul.
Hopes are now for a breakthrough in the high-level US-China trade talks kicking off on Monday, after a phone call between Trump and Chinese President Xi last week.
Read more: The latest on Trump's tariffs
The stakes are high amid warnings that tariff barriers will harm economies worldwide — the US in particular. Investors are looking for a revival of the momentum shown in the Geneva pact in mid-May. Relations have soured since then, with the US and China accusing each other of not keeping to the trade truce and ratcheting up pressures in other areas.
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Warner Bros. Discovery announces it will split into two companies, shares jump
Shares of Warner Bros. Discovery (WBD) rose more than 6% in premarket trading on Monday after the media company said it would split into two companies.
Warner Bros. will separate its studios and streaming business, which includes HBO Max, and its cable television networks, including CNN. The split is expected to be completed by mid-2026.
Reuters reports:
Good morning. Here's what's happening today.
Trending tickers: Robinhood, Tesla and Strategy
Here are some top stocks trending on Yahoo Finance in premarket trading:
Robinhood (HOOD) stock fell 5% before the bell on Monday after the S&P Dow Jones Indices made no changes to the S&P 500 in its quarterly rebalancing.
Tesla (TSLA) stock also dropped on Monday in premarket trading after CEO Elon Musk criticized President Trump's tax bill.
Strategy (MSTR) stock rose on Monday by 2%. A SEC filing revealed the company had purchased 705 bitcoin during the period of May 26 to June 1 at an aggregate purchase price of $75.1M.
Goldman and MS join the Wall Street crowd upbeat on US stocks
