Trader's Highlight

DJI-NEW YORK, July 6 (Reuters) - Wall Street rebounded on Tuesday, but strong buying interest evaporated in the afternoon as bearish sentiment reasserted itself.

Ending a five-day string of losses, the major indexes bounced back after the S&P 500 closed at a 10-month low on Friday, but investors used the morning's gains as an opportunity to sell rather than establish new long positions.

The Dow Jones industrial average <.DJI> was up 57.14 points, or 0.59 percent, at 9,743.62. The Standard & Poor's 500 Index <.SPX> was up 5.48 points, or 0.54 percent, at 1,028.06. The Nasdaq Composite Index <.IXIC> was up 2.09 points, or 0.10 percent, at 2,093.88.

NYMEX-NEW YORK, July 6 (Reuters) - U.S. crude oil futures ended at the lowest level in four weeks on Tuesday, erasing strong gains early in the session as Wall Street's rally, the guidepost for the energy markets, fizzled.

The day's losses extended last week's five-day, 8.5 percent loss as U.S. trading resumed after the long holiday weekend with traders remaining averse to risky investments.

On the New York Mercantile Exchange, August crude settled down 16 cents, or 0.22 percent, at $71.98 a barrel, the lowest since front-month prices ended at $71.44on June 7. It traded from $71.09, also the lowest since June 8, to $73.86.

CBOT-CHICAGO, July 6 (Reuters) - Chicago Board of Trade grain and soy complex close on Tuesday.

CBOT-SOYBEANS - August down 4 cents at $9.40-1/2 per bushel; new-crop November down 5-3/4 at $9.00. Overall good crop weather in the United States weighs on soy market amid outlooks for record large soy production in 2010.

CBOT-SOYOIL - August down 0.17 cent at 35.84 cents per lb. Weighed down by lower soy.

FCPO-JAKARTA, July 6 (Reuters) - Malaysian crude palm oil gained 0.48 percent on Tuesday after three straight days of losses as traders covered short positions following gains in crude oil and stock markets.

But a strong ringgit against the U.S. dollar kept a lid on gains, traders said. The benchmark September contract on Bursa Malaysia's Derivatives Exchange rose 1ringgit to close at 2,301 ringgit a tonne, after trading as low as 2,277, a level last seen in mid-November. Overall volume stood at 14,103 lots of 25 tonnes each, above the usual level of 10,000 lots.

REGIONAL EQUITIES-BANGKOK, July 6 (Reuters) - Thai stocks hit a three-month high on Tuesday as investors piled into banks ahead of their quarterly results later in the month and the appointment of a new central bank governor also helped sentiment.

Thailand's government has selected Kasikornbank President Prasarn Trairatvorakul to be the next governor of the Bank of Thailand, in charge of monetary policy for five years from October.

Singapore <.FTSTI> gained 0.8 percent to a one-week high, Malaysia <.KLSE> rose 0.6 percent, ending a six-day fall, Indonesia added 1.2 percent and the Philippines <.PSI> was up 0.7 percent but Vietnam <.VNI> bucked the trend, down 1.1 percent.

In Singapore, Wilmar International , the world's largest listed palm oil firm, rose 1.2 percent. It said after the market close that it was keen to expand its sugar business by setting up operations in Indonesia and Brazil.