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😨   Futures Drop After US-China Trade Talks Fall Flat, CPI Looms

politics

US equity futures dropped into today's CPI print after traders weren't moved by the US-China trade talks, which saw the two two sides agree on a framework to implement last month’s Geneva deal with few actual details. There’s also nervousness ahead of inflation data: a hot reading would be a big risk factor for a market near record highs (see full preview here). As of 8:00am ET, S&P and Nasdaq 100 futures traded 0.2% lower but were off session lows; pre-market Mag7 names are mostly higher with TSLA (+2%) the standout after a contrite Elon Muskusk tweeted "I regret some of my posts about President @realDonaldTrump last week.

ZeroHedge Opinion     Jun 11, 2025