US Stock Market Close: Major Indices Mixed, Nasdaq Golden Dragon China Index Rises Over 2%

On Monday (June 9), US stocks pulled back in the final trading session, with the three major indices closing with mixed changes.

By the close, the Dow Jones Industrial Average fell slightly by 1.11 points to close at 42,761.76 points. The S&P 500 rose 0.09% to close at 6,005.88 points, last closing above 6,000 points on February 21. The Nasdaq Composite Index rose 0.31% to close at 19,591.24 points, also marking a new closing high since late February.

Chinese ADRs and semiconductor stocks generally rose, with the Nasdaq Golden Dragon China Index closing up 2.07% and the Philadelphia Semiconductor Index up 1.96%, both outperforming the broader market. Among semiconductor stocks, Entegris rose 7.61%, AMD rose 4.77%, and Qualcomm rose 4.13%.

On the afternoon of June 9 local time, the first meeting of the China-US Economic and Trade Consultation Mechanism was held in London, UK. CCTV News reporters learned that the meeting would continue on June 10 local time.

Larry Tentarelli, founder of Blue Chip Daily Trend Report, commented that investors were bullish on popular Chinese ADRs and US semiconductor stocks today, as both are beneficiaries of trade negotiations.

The US CPI report is scheduled to be released on Wednesday and is expected to be a key topic this week. Sam Stovall, an analyst at CFRA, said that if inflation continues to decline, it should help make the recent rebound in the stock market more pronounced and sustained.

During the trading session, Apple held its 2025 Worldwide Developers Conference (WWDC). Despite the impressive debut of the new system, the market reaction was unusually lukewarm. By the close, Apple's stock price fell 1.21%, and at one point during the session, it approached the $200 mark.

Performance of Popular Stocks

Large-cap tech stocks closed with mixed changes. (Ranked by market capitalization) Microsoft rose 0.5%, NVIDIA rose 0.64%, Apple fell 1.21%, Amazon rose 1.6%, Alphabet Class C rose 1.67%, Meta fell 0.52%, and Broadcom fell 1.07%.

Tesla rose 4.55%, after falling as much as 4.5% during the session.

Most popular Chinese ADRs rose, with Kingsoft Cloud up 9.69%, XPeng Motors up 3.38%, Baidu up 3.32%, Tencent Music up 3.06%, JD.com up 2.48%, Li Auto up 2.13%, TAL Education Group up 1.98%, Alibaba up 1.76%, and New Oriental up 1.11%.

NIO fell 0.83%, and Pony.ai fell 0.93%.

Company News

[Apple: Is Expected to Launch Apple Intelligence Models for Developers]

Apple said it is expected to launch Apple Intelligence models for developers and confirmed that the operating system is set for a redesign. This year, Apple Intelligence will support more languages, and Apple will allow direct access to the large language model on the device at the core of Apple Intelligence.

[Apple reiterated that the personalized Siri feature will be launched within the next year.]

Apple reiterated that the personalized Siri feature will be launched within the next year, but it will not be included in the first betas of iOS 26, iPadOS 26, or macOS 26. Apple will launch macOS Tahoe, which includes many iOS features, and enhance the calling experience by bringing the Phone app to the Mac.

[Google announced the launch of the memory-optimized machine series COMPUTE ENGINE M4.]

Google announced the launch of the memory-optimized machine series COMPUTE ENGINE M4, the most powerful memory-optimized virtual machine with memory configurations below 6TB.

[Strategy raises $112 million for Bitcoin purchases, does not sell any MSTR shares.]

From June 2 to June 8, Strategy successfully sold 626,639 STRK preferred shares and 432,679 STRF preferred shares through its at-the-market (ATM) offering program, raising a total of $112.2 million in net proceeds. It is worth noting that this fundraising was entirely from the sale of preferred shares, and the company did not sell any common shares (MSTR). As of June 8, the company still had $18.631 billion available for issuance under its Common ATM program, $20.617 billion under the STRK ATM program, and $2.005 billion under the STRF ATM program.