Wall Street opens the week on a quiet note, with major indexes steady as investors await potential trade breakthroughs during high-level U.S.-China talks in London.

The S&P 500 is flat at 6,000, holding near record highs after rallying nearly 25% since the April 7 low, while the Nasdaq 100 inched 0.3% higher to 21,830.

Small-cap stocks continue to outperform, extending their catch-up trade, with the Russell 2000 up 0.7% to its highest level since early March.

The lack of market-moving economic data kept the U.S. dollar and Treasury yields little changed. The 10-year yield holds around 4.47%, while the 30-year sits at 4.96%.

Gold resumed its upward trend, gaining 0.8% to $3,330 per ounce after two days of declines. But it’s silver that continues to steal the spotlight, surging nearly 2% to $36.67 per ounce — the highest level since February 2012 — and up more than 10% over the past week, as investors seek the next bullish trade in metals following gold's 2025 breakout.

Other metals also rallied, with platinum up 4%, palladium rising 3.1% and copper gaining 2%.

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Bitcoin BTC/USD attracted fresh bids, climbing above $108,000 to its highest level since May 29.

Monday’s Performance In Major U.S. Indices, ETFs

According to Benzinga Pro data:

• The SPDR S&P 500 ETF Trust SPY inched up by 0.2% to $600.02.
• The SPDR Dow Jones Industrial Average DIA flattened at $428.36.
• The tech-heavy Invesco QQQ Trust Series QQQ rose 0.3% to $531.33.
• The iShares Russell 2000 ETF IWM rose 0.7% to $213.34.
• The Materials Select Sector SPDR Fund XLB outperformed, up 0.9%; the Financials Select Sector SPDR Fund XLF lagged, down 0.7%.

Monday’s Stock Movers

• Cameco Corp. CCJ rallied by 11%, reaching new all-time highs after a slew of investment banks, including Scotiabank and BMO Capital, raised the price target.
• Mining giant Freeport-McMoRan Inc. FCX rose 2.8%, hitting levels last seen in late March.
• Arm Holdings plc ARM rallied over 5% after Bank of America raised the price target from $135 to $150.
• Archer Aviation Inc. ACHR, Joby Aviation Inc. JOBY and Vertical Aerospace Ltd. EVTL each gained around 15% after a White House executive order on Friday directed federal agencies to expand drone and electric aircraft operations in U.S. airspace.
  
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