The US-China economic talks held in London recently resulted in a preliminary agreement. President Trump announced via his social media platform, Truth Social, on June 11 that a consensus was reached with China on issues including rare earth supply, visa facilitation, and tariff structure. Despite this news, US stocks showed mixed results early in the day, with the Nasdaq composite index declining while only Tesla and TSMC's ADR rose.

As of 12:46 PM Eastern Time, the S&P 500 index was up 0.36 points (0.01%), while the Nasdaq fell by 4.44 points (0.02%). The Dow Jones Industrial Average increased by 102.58 points (0.24%). Technology stock performance showed Tesla rising by 0.94%, Apple down by 1.13%, and TSMC ADR climbing by 1.09%, while Nvidia, Google, and Meta experienced slight declines of 0.46%, 0.27%, and 0.31% respectively.

According to CNBC, the consumer price index (CPI) for May rose just 0.1% from April, below the market expectation of 0.2%. Alexandra Wilson-Elizondo, co-chief investment officer at Goldman Sachs Asset Management, noted that recent data suggested tariffs had not visibly pressured prices, with some companies still using existing inventory to respond to supply chain changes. The market will continue to observe inflation and employment conditions in the coming months, as stable prices and a cooling labor market may lead the Federal Reserve to reconsider interest rate cuts.