US close: Stocks finish flat as uncertainty builds, Apple slips
By Benjamin Chiou
Date: Tuesday 10 Jun 2025
(Sharecast News) - US stock markets finished more or less flat on Monday, as investors took a breather with indices trading at their highest levels in nearly four months.
The Dow and S&P 500 both closed the session broadly where they started, with trading rangebound for most of the session.
The Nasdaq, however, pushed 0.3% higher to finish at 19,591.24 - it's highest close since 20 February.
The VIX volatility index was 2.3% higher for the day at 17.16, but remains firmly below levels seen over the past two months.
"Despite recent geopolitical and macroeconomic headlines, implied volatility has stayed relatively subdued," said David Morrison, senior market analyst at IG.
"But whereas the VIX seemed quite relaxed around the mid-teens in February, it is currently holding in the high teens. This represents a small, but significant, increase in investor caution, which is understandable given the ongoing uncertainty around global trade."
Trade talks between officials from the US and China in London were 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. However, few details were known about the meeting.
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.
There was little in the way of economic data, with the only major release being wholesale inventories figures for April, which rose by 0.2% to $908.7bn following March's downwardly revised reading. This was the weakest growth in four months.
Looking ahead, Wednesday's consumer price index for May will be the main risk event of the week and comes ahead of next week's Federal Open Market Committee meeting. The annual rate of inflation is expected to have risen to 2.5% from 2.3%.
Apple disappoints
Apple's stock finished lower after the tech titan underwhelmed investors with an array of new software upgrades, including the ability to make calls in other languages using real-time translation, and new group-chat options.
Analysts were particularly disappointed with the lack of an upgrade to the Siri voice assistant at the 2025 Worldwide Developers Conference, with the company admitting it needed more time on development.
Shares in Warner Bros Discovery surged after the entertainment giant announced plans to split the company into separate TV and streaming businesses. The company said the move allows each division to "better target appropriate investors based on their distinct financial profiles".
Quantum computing and networking group IonQ finished higher on the back of plans to buy Oxford Ionics in a deal valuing the British outfit at $1.08bn. The deal gives Maryland-based IonQ the ownership of Oxford Ionics' groundbreaking ion-trap technology manufactured on standard semiconductor chips.
Dow Jones - Risers
Boeing Co. (BA) $217.51 3.18%
Dow Chemical Co. (DOW) $29.39 2.94%
Intel Corp. (INTC) $20.48 2.09%
Walt Disney Co. (DIS) $115.78 1.55%
Caterpillar Inc. (CAT) $358.15 1.34%
International Business Machines Corporation (CDI) (IBM) $272.08 1.19%
Walgreens Boots Alliance, Inc. (WBA) $11.33 0.71%
Coca-Cola Co. (KO) $71.76 0.59%
Microsoft Corp. (MSFT) $472.75 0.50%
Merck & Co. Inc. (MRK) $79.33 0.46%
Dow Jones - Fallers
Travelers Company Inc. (TRV) $267.72 -2.16%
Apple Inc. (AAPL) $201.45 -1.66%
Nike Inc. (NKE) $61.91 -1.42%
Visa Inc. (V) $366.91 -0.96%
Procter & Gamble Co. (PG) $162.58 -0.89%
3M Co. (MMM) $144.17 -0.87%
McDonald's Corp. (MCD) $304.82 -0.84%
Salesforce.Com Inc. (CRM) $272.25 -0.82%
Home Depot Inc. (HD) $365.20 -0.58%
Verizon Communications Inc. (VZ) $43.65 -0.34%
S&P 500 - Risers
CenturyLink Inc. (LUMN) $4.21 6.60%
Helmerich & Payne Inc. (HP) $17.66 5.13%
Regeneron Pharmaceuticals Inc. (REGN) $517.60 4.94%
Albemarle Corp. (ALB) $62.30 4.13%
Microchip Technology Inc. (MCHP) $68.05 4.00%
QUALCOMM Inc. (QCOM) $155.41 3.52%
Advanced Micro Devices Inc. (AMD) $121.73 3.49%
LyondellBasell Industries (LYB) $58.48 3.43%
Hershey Foods Corp. (HSY) $166.98 3.19%
Boeing Co. (BA) $217.51 3.18%
S&P 500 - Fallers
Nektar Therapeutics (NKTR) $8.79 -12.01%
Edison International (EIX) $49.42 -8.07%
Universal Health Services Inc. (UHS) $177.77 -6.14%
Intuitive Surgical Inc. (ISRG) $526.15 -5.55%
Aon plc (AON) $354.03 -4.65%
Allstate Corp (The) (ALL) $200.65 -3.50%
H&R Block Inc. (HRB) $56.21 -3.50%
Gallagher Arthur J (AJG) $317.80 -3.32%
Zoetis Inc (ZTS) $164.61 -3.26%
Marsh & McLennan Companies Inc. (MMC) $222.43 -3.26%
Nasdaq 100 - Risers
Regeneron Pharmaceuticals Inc. (REGN) $517.60 4.94%
Tesla Inc (TSLA) $308.58 4.55%
Microchip Technology Inc. (MCHP) $68.05 4.00%
QUALCOMM Inc. (QCOM) $155.41 3.52%
Trip.com Group Limited (TCOM) $62.36 3.42%
Baidu Inc. (BIDU) $88.66 3.32%
Texas Instruments Inc (TXN) $199.21 3.14%
JD.com, Inc. (JD) $33.94 3.02%
Western Digital Corp. (WDC) $57.02 2.83%
Illumina Inc. (ILMN) $84.98 2.81%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $2.92 -8.18%
Intuitive Surgical Inc. (ISRG) $526.15 -5.55%
T-Mobile Us, Inc. (TMUS) $237.95 -3.30%
Automatic Data Processing Inc. (ADP) $318.57 -2.52%
Check Point Software Technologies Ltd. (CHKP) $227.80 -2.43%
Netflix Inc. (NFLX) $1,224.46 -2.29%
O'Reilly Automotive Inc. (ORLY) $1,347.23 -2.21%
Verisk Analytics Inc. (VRSK) $313.27 -1.98%
Electronic Arts Inc. (EA) $146.92 -1.77%
Paychex Inc. (PAYX) $156.97 -1.76%
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