US, China Reach Deal To Ease Export Curbs, Keep Tariff Truce Alive

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U.S. and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade tensions.

At the end of two days of intense negotiations in London, U.S. Commerce Secretary Howard Lutnick told reporters the framework deal puts "meat on the bones" of an agreement reached last month in Geneva to ease bilateral retaliatory tariffs that had reached crushing triple-digit levels. Reuters reports.

💻 IBM’s stock just set a new all-time high. This was the latest spark: International Business Machines Corp.’s stock closed at a record high on Tuesday, extending its streak of gains to an eighth session after the company unveiled its plans for a new quantum computer.

The tech giant’s shares ended up 1.5% on Tuesday, closing at $276.24 — enough for a fresh record close, according to Dow Jones Market Data. The stock is currently on its longest winning streak since December 2023, the data showed. MarketWatch reports.

📊 Why Stitch Fix shares are trading higher by over 8%: Here Are 20 Stocks Moving Premarket: Shares of Stitch Fix, Inc. rose sharply in today's pre-market trading after the company posted better-than-expected results for its third quarter.

Stitch Fix reported quarterly losses of six cents per share, which beat the analyst consensus estimate of losses of 11 cents per share. Quarterly revenue came in at $325.02 million, beating the $314.44 million consensus estimate. Stitch Fix shares jumped 8.4% to $5.19 in the pre-market trading session. Click to see more stocks moving in pre-market trading. Benzinga reports.

7️⃣ The biggest IPOs look a lot like the biggest stocks in the market: Morning Brief: The S&P 500 is back near record levels with the largest tech stocks in the market once again leading the market higher. After struggling to start the year, the "Magnificent Seven" stocks of Apple, Alphabet, Microsoft, Amazon, Meta, Tesla, and Nvidia have combined to account for 62% of the S&P 500's advance in May.

Outside of Apple, all other members of the Mag 7 outperformed the S&P 500 last month. This has been the trend dating back to the start of the bull market in the fall of 2022, when ChatGPT was first launched. Yahoo Finance reports.

🖤Jio BlackRock gets regulatory approval to operate as investment adviser in India: Jio BlackRock Investment Advisers has received approval from India's markets regulator to operate as an investment adviser, according to its parent company, Jio Financial Services. JBIAPL is a 50:50 joint venture of the billionaire Mukesh Ambani-led Reliance Industries with Blackrock, the world's largest asset manager.

Earlier this year, both entities invested 665 million rupees into the joint venture, bringing their total investment to 845 million rupees. The approval adds to Jio-BlackRock's growing financial services footprint in India. Yahoo Finance reports.

🤖 Nvidia CEO says quantum computing is reaching an ‘inflection point: CEO Jensen Huang is growing more bullish about quantum computing — and he expects they’ll start solving real-world problems in the coming years. “Quantum computing is reaching an inflection point,” Jensen declared during his keynote speech at Nvidia’s GTC Paris developer conference Wednesday.

Quantum computers are machines that use the laws of quantum mechanics to solve problems too complex for classical computers, which store information in bits (ones and zeroes). Quantum computers use quantum bits, or “qubits,” which can be zero, one or something in between — the aim being to process much larger volumes of data to facilitate breakthroughs in areas like medicine, science and finance. CNBC reports.

🏦 Inflation readings and Treasury auctions to test the bond market. Here’s what to expect: Key readings on inflation combined with two critical Treasury auctions this week offer a major test for the battered bond market. On the inflation front, the Bureau of Labor Statistics releases separate reports for May — consumer prices on Wednesday, then producer prices on Thursday.

While economists are looking for only modest increases from both, any upside surprises could rattle investors wary of inflation pressures, primarily stemming from President Donald Trump’s tariffs, that could threaten the labor market and economic growth. At the same time, the government debt sales, because they involve long-duration securities, will provide important clues about investor appetite for Treasurys at a time when debt and deficits are attracting increased attention both in financial markets and from economists. CNBC reports.

📈 May CPI preview: Inflation expected to tick higher as tariff uncertainty lingers: May's Consumer Price Index is expected to show prices increased at a slightly faster clip than in April. The report, due Wednesday at 8:30 a.m. ET, comes as investors closely watch for any signs that President Trump's tariffs are impacting what consumers pay.

According to Bloomberg data, headline inflation is expected to have accelerated slightly to 2.4% in May from 2.3% in April, which marked the lowest yearly increase since February 2021. Month over month, prices are estimated to rise 0.2%, matching April's increase. Yahoo Finance reports.

🤖 Nvidia makes big play for Europe with infrastructure deals: Nvidia on Wednesday announced a slew of partnerships with European countries and companies spanning infrastructure to software as it looks to keep itself at the center of the global artificial intelligence story. Chief Executive Jensen Huang on Wednesday continued his tour of Europe with a keynote at Nvidia’s GTC event in Paris, France, where he laid out some key European partnerships.

Nvidia has been keen to position itself as an infrastructure company that can help countries and governments build data centers using its graphics processing units to unlock the potential of AI for local economies and populations. CNBC reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $INEO: INNEOVA Holdings

Total gain: +77.58%

2) $KBSX: FST

Total gain: +74.35%

3) $CNET: ZW Data Action Tech

Total gain: +38.33%

4) $YSXT: YSX Tech

Total gain: +26.28%

5) $LICN: Lichen International

Total gain: +21.56%

The closing price of the top three market percent gainers trading near or above $3 on June 10.
Benzinga reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $EVGN: Evogene

Total gain: +98.23%

The company announced the completion of its version 1.0 generative AI foundation model for small molecule design, developed in collaboration with Google Cloud. Benzinga reports.

2) $GELS: Gelteq

Total gain: +70%

The company announced a major expansion of its U.S. commercial strategy through an exclusive logistics and distribution agreement with Healthy Extracts, a publicly traded company focused on plant-based health supplements. Benzinga reports.

3) $ARAI: Arrive AI

Total gain: +62.19%

The company has obtained another U.S. patent for its artificial intelligence-powered smart mailbox platform, designed for autonomous and conventional package delivery. The new patent covers Arrive Point’s ability to heat and cool items on demand and brings the company’s total number of issued U.S. patents to eight, with six more pending. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


SAIL: SailPoint
1Q 2026

Before Market Open
Estimate: -0.010
Actual: N/A

ORCL: Oracle
4Q 2025

After Market Close
Estimate: 1.640
Actual: N/A

OXM: Oxford Industries
1Q 2025

After Market Close
Estimate: 1.820
Actual: N/A

Time (ET) / Report / Period

8:30 am - Consumer price index - May

8:30 am - CPI year over year

“Investing in stocks is an art, not a science, and people who’ve been trained to rigidly quantify everything have a big disadvantage.”

- Peter Lynch

Sourced in: "One Up on Wall Street: How to Use What You Already Know to Make Money in the
Market’’, published in 1989.