Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-06-16T13:35:11.000Z
Wall Street stocks were mixed on Tuesday on a record-setting rally as hopes faded for a swift return of Strait of Hormuz oil flows and focus turned to the Federal Reserve's policy meeting. The Dow Jones Industrial Average (^DJI) nudged up 0.4% aftersoaring to an all-time closing highon Monday as markets celebrated aUS-Iran peace deal. The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC), meanwhile, hovered near the flat line. Markets are digesting warnings that Friday's reopening of the Strait of Hormuz promised by the US-Iran agreement isn't likely to be easy, and itcould take monthsfor oil shipments to ramp up.Uncertaintyover the deal's details, which have yet to be released, is also cooling optimism. However, US officials have said commercial traffic will be allowed to use th
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.