On Tuesday, June 6, 2026, the S&P 500 Index closed up 0.61%, reaching new all-time highs, while the Dow Jones Industrial Average fell 0.23%. The Nasdaq 100 Index rose by 1.76%. This performance came amid easing crude oil prices and bond yields, as reports indicated progress in U.S.-Iran negotiations over reopening the Strait of Hormuz, which could restore oil flows. WTI crude oil dropped to a 2.5-week low, while the 10-year Treasury note yield fell to 4.47%.
Key economic data showed mixed results: the Chicago Fed National Activity Index rose to a 13-month high of 0.14, exceeding expectations, while the Conference Board’s consumer confidence index decreased to 93.1, slightly better than anticipated. Energy producers were negatively impacted by falling oil prices, with Devon Energy and Chevron seeing declines of over 4% and 3%, respectively. In contrast, technology stocks led the market, with Micron Technology surging over 20% after a favorable price target revision.
Globally, stock markets fell, with the Euro Stoxx 50 down 1.18% and Japan’s Nikkei 225 down 0.25%. The International Energy Agency reported a significant decline in global oil inventories, projecting continued supply issues into October, despite ongoing conflict. Looking ahead, there is a 91% probability of a 25 basis point rate hike by the European Central Bank during its next meeting on June 11.
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