🔥🔥🔥Global Highlights Next Week: The U.S. May CPI is Coming, Apple's WWDC Conference is in the Spotlight.

June 8th News: This week, the three major U.S. stock indices all recorded gains, with the S&P 500 index rising a total of 1.5%, the Nasdaq up 2.18%, and the Dow Jones up 1.17%.

The recent rebound in U.S. stocks has pushed major indices close to historical highs, with the S&P 500 index returning above 6000 points on Friday for the first time since late February, just 2.3% away from the historical highest closing level set in February.

Next week’s upcoming economic data and the progress of trade and fiscal policies will test whether the stock market can move higher in the short term.

“I still believe the overall market tone is cautious,” said Jim Baird, Chief Investment Officer at Plante Moran Financial Advisors. “Although we have rebounded from the lows, I think the market is still waiting for clearer signals.”

Some uncertainty comes from how the U.S. economy will respond to the changing trade situation. The U.S. May Consumer Price Index (CPI) report, scheduled for release next Wednesday, may provide clues for assessing the impact of tariffs, especially against the backdrop of investors remaining vigilant about a rebound in inflation.

The May CPI report will be one of the last key pieces of data before the Federal Reserve’s June interest rate meeting. The market generally expects the Fed to keep interest rates unchanged at this meeting, but traders have begun betting on two 25 basis point rate cuts in the second half of the year.

So far this year, the S&P 500 index has risen by 2%. Since the U.S. stock market hit a low point on April 8 due to tariff concerns, the index has rebounded by over 20%.

Investors are also closely monitoring the “Big and Beautiful” bill pushed by Trump, which is currently under review in the Senate.

Wall Street is assessing how much stimulus this legislation will provide to economic growth, but at the same time, there are concerns that the bill will further widen the U.S. fiscal deficit. In recent weeks, U.S. fiscal sustainability has become one of the core focal points of the market.

The U.S. Treasury will hold a bond auction next week, with $58 billion in 3-year bonds to be auctioned on Tuesday; $39 billion in 10-year bonds on Wednesday; and $22 billion in 30-year bonds on Thursday.

Another major highlight next week is Apple's annual developer conference (WWDC 2025), which will kick off next Monday at 1 PM Eastern Time.