Equities lose some steam while dollar falls and oil slips

Equities lose some steam while dollar falls and oil slips By Sinéad Carew and Amanda Cooper Tue, June 9, 2026 at 5:43 PM GMT+2 3 min read CL=F By Sinéad Carew and Amanda Cooper NEW YORK/LONDON, June 9 (Reuters) - MSCI's global equities gauge pared earlier gains on Tuesday as it saw little support from Wall Street where investors waited anxiously for inflation data while the ‌dollar dipped with oil prices on hopes for easing Middle East tensions after Iran and Israel halted attacks ‌on each other. More from Yahoo Scout What drove the global stock rally on Tuesday? Why are investors cautious about upcoming tech IPOs?

What impact are geopolitical tensions having on oil prices? How are rising interest rates affecting market dynamics? U.

S. Energy Secretary Chris Wright said on Tuesday that ship traffic through the Strait of Hormuz - a key energy conduit - is rising "very meaningfully. " But still, progress ​for a resolution of the Middle East conflict seemed uncertain with Israel striking the historic port city of Tyre in southern Lebanon on Tuesday, killing at least eight people.

Tehran had warned on Monday that it would resume hostilities if Israel continued to attack its ally Hezbollah in Lebanon. U. S.

Treasury yields edged lower as traders waited for May's consumer inflation report, due out on Wednesday, for signs ‌of whether price pressures are continuing to ⁠build. The S&P 500's heavyweight technology sector could not hold earlier gains, putting pressure on the benchmark index and tech-heavy Nasdaq. Gene Goldman, chief investment officer at Cetera, pointed to anxiety ahead of the economic data ⁠as investors worry that elevated inflation would fuel worries about the Federal Reserve's next moves.

"There is a lingering bit of caution as investors are a bit worried about tomorrow’s potentially high inflation readings. Higher-than-expected inflation further brings the Fed to the forefront as a headline risk," ​Goldman said. Since ​the release, on Friday, of a stronger than expected jobs report ​for May, traders have increased bets that the Fed's ‌next move will be a rate increase rather than a cut, with the probability for a 25-basis point increase by December now at 43.

4% and bets on a 50-basis point increase at about 21%, up from 12% last week, according to CME Group's FedWatch tool. On Wall Street, at 11:01 a. m.

ET (1501 GMT), the Dow Jones Industrial Average rose 145. 62 points, or 0. 29%, to 50,931.

63, the S&P 500 fell 16. 64 points, or 0. 22%, to 7,389.

09 and the Nasdaq Composite fell 179. 07 points, or 0. 69%, to 25,750.

59. MSCI's gauge of stocks across the globe ‌was up 3. 23 points, or 0.

29%, at 1,104. 19 after earlier rising more ​than 1%. The pan-European STOXX 600 index rose 0.

18% after paring earlier gains. BORROWING COSTS In ​currencies, the dollar index, which measures the greenback against ​a basket of currencies including the yen and the euro, fell 0. 22% to 99.

82, with the ‌euro up 0. 23% at $1. 1561.

Story Continues Against the Japanese yen, the dollar strengthened ​0. 04% to 160. 23.

In government bonds, the ​yield on benchmark U. S. 10-year notes fell 0.

2 basis points to 4. 548%, from 4. 55% late on Monday while the 30-year bond yield rose 0.

3 basis points to 5. 0272%. The 2-year note yield, which typically moves in step with interest rate expectations ​for the Federal Reserve, fell 1.

7 basis ‌points to 4. 141%, from 4. 158% late on Monday.

In energy markets, U. S. crude fell 3.

94% to $87. 70 a barrel and Brent ​fell to $91. 11 per barrel, down 3.

33% on the day.