WTI crude falls 0.7% to $69.00 while S&P 500 and Nasdaq futures retreat amid mixed risk sentiment in early July trading.
Oil prices extended losses in early July trade, with WTI crude down 0.7% to $69.00. The decline comes despite ongoing US-Iran indirect talks, as market focus shifts to healthier traffic flows through the Strait of Hormuz and broader demand concerns.
Equity futures signaled a cautious start to the new month, with S&P 500 futures down 0.2% and Nasdaq futures retreating 0.5%. The pullback follows a strong first-half performance for tech shares, which led gains in H1 2026 but face profit-taking pressure.
US Treasury yields rose 6 bps to 4.48% as the USD strengthened, while gold climbed 0.6% to $4,030. Bitcoin slipped 0.3% to $58,473, reflecting mixed risk appetite across asset classes.