(Sharecast News) - Wall Street trading got off to a mixed start on Monday as US-China trade tensions remained in focus.
As of 1530 BST, the Dow Jones Industrial Average was down 0.23% at 42,663.45, while the S&P 500 advanced 0.12% to 6,007.34 and the Nasdaq Composite came out of the gate 0.43% firmer at 19,614.30.
The Dow opened 99.42 points lower on Monday, taking a modest bite out of gains recorded in the previous session as market participants digested last month's all-important non-farm payrolls report and shrugged off the very public breakdown in Donald Trump and Elon Musk's relationship.
Trade talks between officials from the US and China were expected to take place in London on Monday and will likely be Monday's primary focus as both nations hope to de-escalate tensions over rare-earth minerals following a phone conversation between Donald Trump and Chinese president Xi Jinping. The meeting comes hot on the heels of a sharp 34% decline in Chinese exports to the US in May - the steepest monthly drop in half a decade.
On the macro front, wholesale inventories increased 0.2% month-on-month in April, according to the Census Bureau, hitting $908.7bn following March's downwardly revised reading. Non-durable goods inventories rose 0.3%, while durable goods inventories were up 0.1%. On an annualised basis, wholesale inventories grew 2.3%.
In the corporate space, Apple's 2025 Worldwide Developers Conference will also draw an amount of investor attention on Monday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Intel Corp. (INTC) $20.90 4.16%
Dow Chemical Co. (DOW) $29.23 2.36%
Boeing Co. (BA) $213.26 1.17%
Merck & Co. Inc. (MRK) $79.74 0.98%
Caterpillar Inc. (CAT) $356.66 0.94%
Unitedhealth Group Inc. (UNH) $305.73 0.83%
International Business Machines Corporation (CDI) (IBM) $270.40 0.57%
Chevron Corp. (CVX) $140.98 0.55%
Walt Disney Co. (DIS) $114.36 0.40%
Apple Inc. (AAPL) $205.51 0.32%
Dow Jones - Fallers
Travelers Company Inc. (TRV) $267.03 -2.43%
McDonald's Corp. (MCD) $301.14 -2.03%
Visa Inc. (V) $364.70 -1.49%
3M Co. (MMM) $143.43 -1.42%
Salesforce.Com Inc. (CRM) $272.05 -0.90%
Procter & Gamble Co. (PG) $162.90 -0.69%
American Express Co. (AXP) $300.46 -0.66%
Home Depot Inc. (HD) $365.17 -0.59%
JP Morgan Chase & Co. (JPM) $264.62 -0.42%
Nike Inc. (NKE) $62.57 -0.37%
S&P 500 - Risers
Helmerich & Payne Inc. (HP) $17.56 4.81%
Intel Corp. (INTC) $20.90 4.16%
Albemarle Corp. (ALB) $62.17 3.90%
Fluor Corp. (FLR) $46.14 3.85%
Synopsys Inc. (SNPS) $500.89 3.56%
Kohls Corp. (KSS) $9.06 3.54%
QUALCOMM Inc. (QCOM) $154.91 3.19%
Seagate Technology Plc (STX) $130.98 3.15%
CenturyLink Inc. (LUMN) $4.06 3.07%
Advanced Micro Devices Inc. (AMD) $121.21 3.05%
S&P 500 - Fallers
Intuitive Surgical Inc. (ISRG) $515.31 -7.50%
Universal Health Services Inc. (UHS) $175.25 -7.47%
Gallagher Arthur J (AJG) $315.28 -4.10%
Aon plc (AON) $356.86 -3.83%
Progressive Corp. (PGR) $269.06 -3.67%
Allstate Corp (The) (ALL) $200.45 -3.66%
Marsh & McLennan Companies Inc. (MMC) $221.83 -3.56%
American International Group Inc. (AIG) $84.24 -3.56%
Edison International (EIX) $52.07 -3.14%
Zoetis Inc (ZTS) $164.89 -3.10%
Nasdaq 100 - Risers
Intel Corp. (INTC) $20.90 4.16%
Synopsys Inc. (SNPS) $500.89 3.56%
QUALCOMM Inc. (QCOM) $154.91 3.19%
Seagate Technology Plc (STX) $130.98 3.15%
Microchip Technology Inc. (MCHP) $67.35 2.93%
Skyworks Solutions Inc. (SWKS) $73.65 2.88%
Baidu Inc. (BIDU) $88.24 2.83%
American Airlines Group (AAL) $11.82 2.83%
Cadence Design Systems Inc. (CDNS) $304.76 2.78%
Western Digital Corp. (WDC) $56.92 2.65%
Nasdaq 100 - Fallers
Intuitive Surgical Inc. (ISRG) $515.31 -7.50%
O'Reilly Automotive Inc. (ORLY) $1,338.03 -2.88%
Verisk Analytics Inc. (VRSK) $312.02 -2.37%
Automatic Data Processing Inc. (ADP) $319.48 -2.24%
Cintas Corp. (CTAS) $223.71 -2.15%
Paychex Inc. (PAYX) $156.51 -2.04%
Qvc Group Inc Series A (QVCGA) $3.12 -1.89%
T-Mobile Us, Inc. (TMUS) $241.53 -1.85%
Netflix Inc. (NFLX) $1,230.14 -1.83%
Check Point Software Technologies Ltd. (CHKP) $229.51 -1.70%
19.86 (0.22%)
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