Stock Market Live June 9: London Talks to Drive Markets This Week, S&P 500 (VOO) Starts Flat
Key Points
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Trade representatives from the U.S. and China are meeting in China this week.
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Export licenses for Chinese rare earth magnets to the U.S. are up for discussion.
Live Updates
Monday Wrap-up
The Vanguard S&P 500 ETF closed at 551.24, up 0.1% on Monday.
Wainwright Hails Air Taxis
Investment bank HC Wainwright raised price targets today on a trio of air taxi companies. Joby Aviation (NYSE: JOBY | JOBY Price Prediction) stock could go to $13, says the analyst; Vertical Aerospace (NYSE: EVTL) could go to $15; and Archer Aviation (NYSE: ACHR) is worth $18 a share. The analyst maintains “buy” ratings on all three stocks.
Amazon Goes to Pennsylvania
S&P 500 component company Amazon.com (Nasdaq: AMZN) just announced it will invest $20 billion to expand data center infrastructure in Pennsylvania to support artificial intelligence and cloud computing technologies.
New campuses will be built in Salem Township and Falls Township, with additional Pennsylvania communities under consideration for further investment. Amazon stock is up 0.6% on the news, while the Voo is still up about 0.1%.
Morgan Stanley Downgrades McDonald's
Lululemon’s not the only stock Morgan Stanley is ambivalent on today. The banker also cut its rating on S&P 500 component company McDonald’s (NYSE: MCD) to equalweight.
“The respected industry leader, the brand that is American Capitalism in ingestible form, now has 45%+ operating margins and consistent 20%+ ROIC,” writes Morgan Stanley. “It’s a staple-like asset in our sector, and trades like that.” However, “the stock is valued above most peers” even as it faces “headwinds … including lower income consumer pressures, health and wellness considerations, the need for value proposition realignment, and perhaps a mixed future outside the US.”
The Vanguard S&P 500 ETF, however, is now up 0.1%.
This article will be updated throughout the day, so check back often for more daily updates.
Major market indices closed higher for the second straight week on Friday. As investors look to London for updates on a new round of trade negotiations between the U.S. and China Monday, they’re being cautious, and the Vanguard S&P 500 ETF (NYSEMKT: VOO) is basically flat in the first few minutes of trading.
In London today, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer are meeting Chinese counterparts, including Chinese Vice Premier He Lifeng to discuss issues including Chinese restrictions on rare earth magnet exports. Meetings began last night, and are expected to continue all week long — so expect the market to move up and down a lot this week as details filter out.
Earnings
Earnings reports are often slow on Mondays, and today’s no exception, with only a handful of companies reporting. But we do have one good report at least.
Industrials company Graham Corporation (NYSE: GHM) says it earned $0.43 per share in its fiscal Q4 2025, twice as much profit as Wall Street predicted, and with strong sales guidance for the coming year.
Graham stock is up 21% in response.
Analyst Calls
Less happily, S&P 500 component company lululemon athletica (Nasdaq: LULU) suffered two downgrades as both CICC bank and Morgan Stanley pulled their buy ratings this morning, after lululemon issued disappointing guidance last week.
Morgan Stanley’s Alex Straton writes that there are “powerful dynamics contributing to LULU’s Americas challenges” and the prospects for near-term improvement in the company’s business seem dim.
Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.
He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.
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