US open: Stocks cautiously higher ahead of China talks
By Iain Gilbert
Date: Friday 09 May 2025
(Sharecast News) - Major indices were slightly higher at the open on Friday as traders looked ahead to talks with Chinese officials over the weekend.
As of 1515 BST, the Dow Jones Industrial Average was up 0.23% at 41,462.84, while the S&P 500 advanced 0.41% to 5,687.09 and the Nasdaq Composite came out of the gate 0.65% firmer at 18,045.45.
The Dow opened 94.39 points higher on Friday, extending gains recorded in the previous session after the White House announced it had struck a trade deal with Westminster, the first deal since Trump's "reciprocal" tariffs were unveiled on 2 April.
Trade was also in focus ahead of the bell on Friday, with Treasury Secretary Scott Bessent and trade representative Jamieson Greer both set to meet with their Chinese counterparts in Switzerland over the weekend. The US has kept its 145% tariff rate on Chinese imports unchanged, despite having already instituted a 90-day pause on tariffs for most countries, but Trump said on Friday that an "80% Tariff on China seems right" ahead of talks.
"Many Trade Deals in the hopper, all good (GREAT!) ones!," Trump wrote on social media, a day after his preliminary trade agreement with the UK was announced, with market participants hopeful that the UK deal would establish a framework for the US to secure further deals with major nations.
While no major data points were scheduled for release on Friday, speeches from a number of Federal Reserve bankers will be in focus, with Adriana Kugler, John Williams, Austan Goolsbee, Christopher Waller, Lisa Cook and Beth Hammack all set to speak throughout the course of the day.
In the corporate space, Pinterest shares were up double-digits after issuing stronger-than-expected Q2 guidance, while Coinbase was in the red on the back of softer-than-expected Q1 revenues and Expedia headed south after offering up disappointing guidance and declining Q1 revenues.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Boeing Co. (BA) $193.96 1.18%
Chevron Corp. (CVX) $138.42 1.01%
Apple Inc. (AAPL) $199.24 0.89%
Dow Chemical Co. (DOW) $29.50 0.87%
Goldman Sachs Group Inc. (GS) $570.39 0.83%
Merck & Co. Inc. (MRK) $78.08 0.56%
Visa Inc. (V) $353.10 0.52%
American Express Co. (AXP) $285.11 0.51%
Caterpillar Inc. (CAT) $325.82 0.48%
3M Co. (MMM) $141.79 0.47%
Dow Jones - Fallers
International Business Machines Corporation (CDI) (IBM) $252.01 -0.84%
Home Depot Inc. (HD) $361.90 -0.81%
Walmart Inc. (WMT) $96.89 -0.56%
Unitedhealth Group Inc. (UNH) $384.14 -0.36%
McDonald's Corp. (MCD) $312.63 -0.28%
Nike Inc. (NKE) $58.78 -0.22%
Travelers Company Inc. (TRV) $270.23 -0.22%
Coca-Cola Co. (KO) $71.03 -0.20%
Amgen Inc. (AMGN) $271.65 -0.15%
Johnson & Johnson (JNJ) $155.48 -0.12%
S&P 500 - Risers
Microchip Technology Inc. (MCHP) $55.79 13.53%
CenturyLink Inc. (LUMN) $4.30 3.37%
Texas Instruments Inc (TXN) $170.76 3.09%
Analog Devices Inc. (ADI) $208.71 2.92%
Apache Corp. (APA) $16.59 2.53%
Ipg Photonics Corp. (IPGP) $60.01 2.19%
AbbVie Inc (ABBV) $189.12 1.91%
Skyworks Solutions Inc. (SWKS) $68.40 1.65%
Apartment Investment & Management Co. (AIV) $8.11 1.56%
Stanley Black & Decker Inc. (SWK) $62.80 1.54%
S&P 500 - Fallers
Expedia Group Inc. (EXPE) $157.38 -6.87%
Akamai Technologies Inc. (AKAM) $79.92 -6.47%
Illumina Inc. (ILMN) $76.38 -4.03%
International Paper Co. (IP) $43.50 -3.16%
CF Industries Holdings Inc. (CF) $79.43 -2.33%
Hanesbrands Inc. (HBI) $4.97 -2.26%
Chipotle Mexican Grill Inc. (CMG) $50.29 -2.24%
Packaging Corp. Amer (PKG) $179.43 -2.18%
Pfizer Inc. (PFE) $22.47 -2.18%
Elevance Health Inc. (ELV) $405.04 -1.78%
Nasdaq 100 - Risers
Microchip Technology Inc. (MCHP) $55.79 13.53%
Tesla Inc (TSLA) $299.61 5.19%
Texas Instruments Inc (TXN) $170.76 3.09%
Analog Devices Inc. (ADI) $208.71 2.92%
Skyworks Solutions Inc. (SWKS) $68.40 1.65%
Mercadolibre Inc. (MELI) $2,446.98 1.53%
Western Digital Corp. (WDC) $44.97 1.51%
Lam Research Corp. (LRCX) $75.97 1.43%
Monster Beverage Corp (MNST) $60.97 1.38%
Liberty Global plc Series A (LBTYA) $9.39 1.24%
Nasdaq 100 - Fallers
Expedia Group Inc. (EXPE) $157.38 -6.87%
Illumina Inc. (ILMN) $76.38 -4.03%
Qvc Group Inc Series A (QVCGA) $0.14 -2.93%
Sirius XM Holdings Inc (SIRI) $21.43 -1.34%
DENTSPLY Sirona Inc. (XRAY) $15.76 -0.94%
Ross Stores Inc. (ROST) $142.12 -0.87%
Mondelez International Inc. (MDLZ) $66.65 -0.85%
Kraft Heinz Co. (KHC) $28.26 -0.81%
Fastenal Co. (FAST) $78.66 -0.79%
Marriott International - Class A (MAR) $257.38 -0.74%
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