Traders work at the New York Stock Exchange on June 4, 2025.
NYSE
Stock futures slipped early Tuesday as investors waited for more insight on trade discussions between the U.S. and China.
Dow Jones Industrial Average futures fell 54 points, or 0.13%. S&P 500 futures and Nasdaq 100 futures were marginally lower.
Those moves follow a muted day on Wall Street as investors kept an eye on a day of trade talks between officials from the two countries. The discussion is slated to resume on Tuesday morning, a source familiar with the situation told CNBC.
The S&P 500 added nearly 0.1% in the regular trading session, eking out its second straight winning day. The Dow ended marginally below its flatline, while the Nasdaq Composite ticked higher by around 0.3%.
Traders are monitoring the U.S.-China discussions for signs of a deal that doesn’t involve the countries enforcing lofty tariffs on one another. Both nations agreed last month to temporarily slash their duties, which was seen as a major breakthrough in trade negotiations after U.S. President Donald Trump unveiled his plan for broad and steep levies on imports.
“I think most people are assuming that some conversation is better than nothing, that we’re making progress,” said Adam Parker, founder of Trivariate Research, on CNBC’s “Closing Bell.” Because of that, “people aren’t … wanting to sell stocks.”
Investors will watch Tuesday for small business data due in the morning. That comes ahead of closely watched reports on consumer and producer inflation slated for later in the week.
Companies slated to report quarterly results Tuesday include J. M. Smucker Co. and GameStop.
European defense stocks sell off ahead of more U.S.-China trade talks
A Ukrainian tank crew of the 33rd Separate Mechanized Brigade load tank ammunition onto a Leopard 2A4 tank during a field training exercise at an undisclosed location in Ukraine, on April 30, 2025. Germany’s Renk makes gearboxes for Leopard 2 tanks which have been sent to the country.
Genya Savilov | Afp | Getty Images
European defense stocks notched broad declines on Tuesday morning, with the regional Stoxx Aerospace and Defense index extending losses to trade 0.5% lower.
That puts the index — which has gained almost 50% so far this year — on course for its third consecutive day of losses.
Investors are monitoring U.S.-China trade talks, which are set to continue in London on Tuesday. At the center of the discussions are critical minerals, upon which China imposed export restrictions in April in response to U.S. tariffs on Chinese exports.
Rare earth minerals are critical for the production of weaponry and defense technologies.
German defense giant Rheinmetall was last seen trading 2.3% lower, while Germany’s Renk and Sweden’s Saab were down 7.9% and 4.1%, respectively.
— Chloe Taylor
Fund managers lobby Congress over Section 899 to avert foreign investors leaving the U.S.
American fund managers are lobbying Congress over a provision tucked inside President Donald Trump’s tax bill that they say could lead to foreign investors “quickly” pulling investments out of the U.S.
The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives in May, aims to penalize foreign-owned firms operating in the U.S. and that are from countries with “unfair foreign taxes” under a provision known as Section 899. It is currently being considered by the Senate.
The Investment Company Institute (ICI), which represents fund houses in the U.S., is lobbying Congress for an amendment as it warns the bill in its current form also impacts most foreign investments in U.S. stock markets, according to documents seen by CNBC.
Read the full story here.
— Ganesh Rao
Asia-Pacific markets trade mixed as investors await details of U.S.-China trade talks
Asia-Pacific markets traded mixed Tuesday as investors awaited further details on the U.S.-China trade talks, which were slated to continue for a second day.
Officials from both countries held trade talks in London on Monday, with U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer meeting with their Chinese counterparts led by Beijing’s Vice Premier He Lifeng.
Japan’s benchmark Nikkei 225 pared earlier gains to end the day 0.32% higher at 38.211.51, while the broader Topix index was flat at 2,786.24.
South Korean markets rose for the fifth consecutive session. The Kospi index advanced 0.56% to end the day at 2,871.85, while the small-cap Kosdaq added 0.91% to 771.20.
Mainland China’s CSI 300 index closed 0.51% lower at 3,865.47 while Hong Kong’s Hang Seng Index was flat at 24,162.87.
Over in Australia, the S&P/ASX 200 benchmark advanced 0.84% to end the day at a record high of 8,587.20.
Meanwhile, India’s benchmark Nifty 50 moved up 0.15% while the BSE Sensex index was flat as of 1.40 p.m. Indian Standard Time.
— Amala Balakrishner
Vaccine makers slip as RFK retires vaccine advisory board members
Some vaccine stocks took a leg down in Monday’s extended trading after Health and Human Services Secretary Robert F. Kennedy Jr. said he was “retiring” all members of a vaccine advisory panel.
Kennedy said Monday in a Wall Street Journal opinion piece that he would remove all 17 members of the Advisory Committee on Immunization Practices, also known as the ACIP. This group advises the Centers for Disease Control and Prevention.
AstraZeneca lost around 1%, while Moderna slid 0.9%. Pfizer and Merck shed 0.3% and 0.2%, respectively.
— Alex Harring, Annika Kim Constantino
See the stocks moving after hours
These are some of the stocks making notable moves after hours:
- Cracker Barrel Old Country Store — Shares of the chain restaurant slipped 8.1%. The company announced a proposed private offering of $275 million in convertible senior notes that would be due in 2030.
- Limoneira — The agriculture stock tumbled 8.5% after posting results for the fiscal second quarter that were worse than the year-ago period. Limoneira lost 17 cents per share on an adjusted basis and saw $35.1 million in revenue. That compares to adjusted earnings of 44 cents per share and $44.6 million in revenue in the second quarter of the previous fiscal year.
— Alex Harring
Stock futures are little changed
Futures tied to the Dow, S&P 500 and Nasdaq 100 all traded up by about 0.1% shortly after 6 p.m. ET on Monday night.
— Alex Harring
