Stock Market Live June 27: S&P 500 (VOO) Moves Higher on China Trade Deal Hopes

This article will be updated throughout the day, so check back often for more daily updates.

President Donald Trump confirmed Thursday evening that the U.S. signed a trade deal with China on Wednesday, formalizing understandings reached in earlier talks held in Geneva  and London. A statement from China’s own Ministry of Commerce Friday noted that, under the terms of the trade “framework,” China will approve exports of certain restricted items (i.e. rare earth magnets), while the U.S. will remove restrictions on exports of various technologies to China.

Despite a continued lack of specifics on the terms of the agreement, investors seem cautiously optimistic, and the Vanguard S&P 500 ETF (NYSEMKT: VOO) is up 0.2% in pre-market trading.

In economics news, meanwhile, the personal consumption index rose 2.7% for the month of May, suggesting inflation is running a bit hotter than hoped. Economists had forecast an inflation rate of only 2.6%.

Earnings

In earnings news, S&P 500 component company Nike (NYSE: NKE) reported Q4 earnings last night. The shoe giant beat earnings with a $0.14 per share report, and sales of $11.1 billion also exceeded expectations.

Hunting and camping products company American Outdoor Brands (Nasdaq: AOUT) missed on earnings last night, reporting an $0.08 per share loss. The company beat on sales however, and the stock is up more than 10% pre-market.

This morning, glassmaker Apogee Enterprises (Nasdaq: APOG) reported fiscal Q1 2026 results. Earnings of $0.56 per share exceeded expectations, and revenue was also better than expected. Best of all, Apogee told investors it will earn between $3.80 and $4.20 per share this coming year, the entire range of which is better than the $3.72 per share analysts had forecast.

Apogee stock is soaring — up 18% pre-market.

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