U.S. stock futures fell slightly on Sunday after a strong week on Wall Street. Investors are cautious ahead of new trade talks with China scheduled for Monday in London. Dow Jones futures dropped about 60 points (0.1%), while S&P 500 and Nasdaq-100 futures declined roughly 0.2% each.
Oil prices remained steady, but gold prices fell. Bitcoin slipped below $106,000. The U.S. Dollar Index, which measures the dollar against six other currencies, also edged down.
President Donald Trump announced that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer will meet Chinese officials on Monday. Trump expressed optimism about the talks, saying they “should go very well.”
Stephen Innes, managing partner at SPI Asset Management, noted that markets are encouraged simply by the act of dialogue, even if no major deal is expected. He said scheduled talks act like a “circuit breaker” for market sentiment.
Last week, Trump and Chinese President Xi Jinping spoke, with Trump highlighting progress on U.S. access to China’s rare earth minerals. However, the 90-day tariff pause between the two countries has faced challenges, with both sides accusing each other of breaches.
Investors are also watching social unrest in Los Angeles, where protests against immigration raids have led to clashes with law enforcement. President Trump has deployed up to 2,000 National Guard troops despite opposition from California’s governor.
On Friday, the S&P 500 closed above 6,000 for the first time since February 21. It remains 2.3% below its all-time high of 6,115.15 set on February 19. The Dow gained 1%, wiping out its 2025 losses, and the Nasdaq rose 1.2%. All three major indexes posted weekly gains for the second week in a row.
The recent market strength was partly driven by a better-than-expected U.S. jobs report for May. Meanwhile, Trump continued to pressure Federal Reserve Chair Jerome Powell to cut interest rates. The Fed’s next meeting is June 17-18, with rate cuts expected later this year.
This week, investors will focus on May inflation data, including the consumer price index and producer price index. Quarterly earnings reports from companies like RH, Victoria’s Secret, GameStop, and Oracle are also due. Apple will hold its Worldwide Developers Conference starting Monday, with attention on its AI features for the iPhone.
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