The US stock market opened flat on the 9th, with the market waiting for the results of the US-China trade negotiations.

According to CNBC, as of 10:20 AM Eastern Time on the 9th, the S&P 500 index slightly rose by 0.07%, the Dow Jones Industrial Average decreased by 0.3%, the Nasdaq index increased by 0.39%, and the Philadelphia Semiconductor index rose by 2.4%. In individual stocks, NVIDIA rose by 1.74%, Tesla dropped by 0.5%, Apple increased by 0.81%, Google rose by 1.35%, Meta increased by 0.64%, and TSMC’s ADR rose by 1.53%.

US and Chinese economic officials held trade talks in London on the 9th. Prior to this, President Trump spoke with President Xi Jinping last week, with both sides eager to avoid a large-scale trade war. Last month, both countries agreed to temporarily reduce tariffs during the trade negotiations.

The three major stock indexes have increased for two consecutive weeks, with the S&P 500 closing above 6000 points last Friday, marking its first time since February 21 and now sitting just under 3% from its historical close high. Chris Verrone, chief market strategist at Strategas, stated that this rebound indicates that many traders and investors are alleviating their concerns about tariffs and the US economy.

CNBC estimates that inflation data will be a key topic for the stock market this week, with the latest consumer price index set to be released on Wednesday and the producer price index on Friday, as investors examine the impacts of tariffs on the economy. Additionally, the University of Michigan will also release its latest consumer confidence index on Friday, which will include inflation expectations and other relevant data.