Business, Finance, Gold, Oil
By William Collins, consultant in stock markets – Eurasia Business News, June 11, 2026. Article no 3012
U.S. stocks rebounded today after a sharp sell-off the previous day, when President Trump said the U.S. is going to hit “hard” Iran. Washington announced it had completed a new round of strikes against Iran.
The blue chip Dow (DJI) was +0.6%, the benchmark S&P 500 (SP500) was +0.6%, and the tech focused Nasdaq Composite (COMP:IND) was +0.9%.
It is a better performance than yesterday, when U.S. stock markets all fell amid Trump’s announces on Iran.
The U.S. military began “launching additional self-defense strikes on Wednesday at 5:15 p.m. ET against multiple targets in Iran at the Commander in Chief’s direction,” Centcom said.
Treasury yields inched down. The U.S. 2 Year Treasury yield (US2Y) fell 2 basis points to 4.12%. At the same time, the U.S. 10 Year Treasury yield (US10Y) dipped by 4 basis points to 4.51%, and the U.S. 30 Year Treasury yield (US30Y) slid 3 basis points to 4.99%.
As for stocks that were on the move, shares of Intel (INTC) advanced by 10.1%, while shares of Oracle (ORCL) fell 10.3%.
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Wednesday’s U.S. consumer-price data for May showed some cooling in underlying inflation trends. But the numbers are unlikely to provide much reassurance to Federal Reserve officials who have grown concerned about accelerating inflation.
Oppenheimer initiated coverage of SpaceX (SPCX) with an Outperform rating and a $190 price target on Thursday, one day before the company begins trading on the Nasdaq under the ticker SPCX. The price target implies around 40% upside from the $135 IPO price, and values the firm at a hefty $2.5 trillion.
Virgin Galactic (SPCE) shares have surged recently, gaining 23% ahead of SpaceX’s IPO announcement. Despite the positive momentum, concerns over shareholder dilution from a recent debt-for-equity swap have led to mixed investor sentiment.
WTI crude oil is trading at $89.23 per barrel (down $0.80), while Brent crude is at approximately $95.40 per barrel (up $2.30 or 2.47%).
Oil surged over 2% Thursday as Iran announced the Strait of Hormuz is “closed to all vessels” following fresh US military strikes on Iran. This waterway handles ~20% of global oil/gas shipments, pushing prices beyond $125/barrel at peaks from earlier $70 levels.
In May 2026, the 12-month inflation rate in the United States was 4.2 percent amid surging energy prices. What stocks to buy in this context ?
Higher oil and gas prices are a key driver of inflation. Unsurprisingly, oil stocks tend to hold up well during periods of high inflation. ExxonMobil (XOM) is the largest U.S. oil and gas company and the second-largest in the world, trailing only Saudi Aramco.
ExxonMobil’s operations include upstream (production), downstream (refining), and chemicals. This integrated model enables the company to profit in multiple ways when oil and gas prices rise. It’s no coincidence that this top oil and gas stock has been a big winner so far in 2026.
Another stock to watch is Global Partners LP (GLP), now listing at $49.55, gaining +1.27% over the day. This stock is a strategic addition to an inflation hedge portfolio, particularly given the energy-driven inflation context. $49.55 is a reasonable entry, below the 52-week high of $56.51 but above both 50-day and 200-day moving averages, suggesting bullish momentum. GLP is a mid-cap MLP energy infrastructure stock that directly benefits from surging energy prices and provides inflation-resistant income through its high dividend yield.
In addition, Ford Motor Company (F), gained +1.64% today, listing at $14.54. The U.S. carmaker is going to benefit from higher sales of electric vehicles, amid surging gasoline prices in the U.S.
EVs and gas vehicles are direct substitutes; fuel cost is a major purchase factor. Ford at $14.54 represents a reasonable entry point for exposure to the EV transition amid sustained energy inflation.
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Gold and silver were both elevated today with gold around $4,078 per ounce and silver around $63.52 per ounce in U.S. spot pricing.
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© Copyright 2026 – Eurasia Business News. Article no. 3012
Founded in 2017, Eurasia Business News is an independent platform where are published articles on economy, finance, geopolitics, tax and legal issues in Europe, America and Asia. Our goal is to bring new and valuable insights to business leaders, policymakers, scholars and citizens. Articles are published in both English and French. Premium content is available for monthly subscribers. View all posts by Eurasia Business News
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