From Yahoo Finance: 2025-06-10 21:14:00

Wall Street stocks and the dollar dropped as U.S.-China trade deal lacked detail, U.S. consumer prices saw mild increase, and Middle East tension rose. U.S. preparing embassy partial evacuation in Iraq due to security risks, oil prices jumped over 4%. Trump claimed deal restoring trade truce done, but terms are vague.

Consumer Price Index rose 0.1% in May, expected to accelerate on import tariffs. U.S. stocks closed mixed, Dow little changed, S&P down 0.27%, Nasdaq 0.5% lower. Asian shares slightly up, European shares down. Dollar weakened against major currencies, Treasury yields ease, traders expect Fed rate cut by September.

Investors wary of equities risks like trade talks, inflation, growth slowdown. Demand strong for 10-year Treasury notes despite foreign investor concerns. Traders price in 70% chance of Fed rate cut by September. Gold prices rose to $3,347 an ounce. Fed unlikely to cut rates soon due to inflation outlook and budget deficits.



Read more at Yahoo Finance: Stocks dip, Treasury yields pull-back amid Middle East tension, cooler inflation, US-China ‘deal’