* Equities lose some steam with Nasdaq, S&P 500 red

* Tech stocks turn lower

* Oil prices fall after Israel and Iran agree to halt

attacks

(Updates prices to U.S. morning trading)

By Sinéad Carew and Amanda Cooper

NEW YORK/LONDON, June 9 (Reuters) - MSCI's ( MSCI ) global equities

gauge pared earlier gains on Tuesday as it saw little support

from Wall Street where investors waited anxiously for inflation

data while the dollar dipped with oil prices on hopes for easing

Middle East tensions after Iran and Israel halted attacks on

each other.

U.S. Energy Secretary Chris Wright said on Tuesday that ship

traffic through the Strait of Hormuz - a key energy conduit - is

rising "very meaningfully."

But still, progress for a resolution of the Middle East conflict

seemed uncertain with Israel striking the historic port city of

Tyre in southern Lebanon on Tuesday, killing at least eight

people. Tehran had warned on Monday that it would resume

hostilities if Israel continued to attack its ally Hezbollah in

Lebanon.

U.S. Treasury yields edged lower as traders waited for May's

consumer inflation report, due out on Wednesday, for signs of

whether price pressures are continuing to build.

The S&P 500's heavyweight technology sector could not hold

earlier gains, putting pressure on the benchmark index and

tech-heavy Nasdaq.

Gene Goldman, chief investment officer at Cetera, pointed to

anxiety ahead of the economic data as investors worry that

elevated inflation would fuel worries about the Federal

Reserve's next moves.

"There is a lingering bit of caution as investors are a bit

worried about tomorrow's potentially high inflation readings.

Higher-than-expected inflation further brings the Fed to the

forefront as a headline risk," Goldman said.

Since the release, on Friday, of a stronger than expected jobs

report for May, traders have increased bets that the Fed's next

move will be a rate increase rather than a cut, with the

probability for a 25-basis point increase by December now at

43.4% and bets on a 50-basis point increase at about 21%, up

from 12% last week, according to CME Group's FedWatch tool.

On Wall Street, at 11:01 a.m. ET (1501 GMT), the Dow Jones

Industrial Average rose 145.62 points, or 0.29%, to

50,931.63, the S&P 500 fell 16.64 points, or 0.22%, to

7,389.09 and the Nasdaq Composite fell 179.07 points, or

0.69%, to 25,750.59.

MSCI's ( MSCI ) gauge of stocks across the globe was up

3.23 points, or 0.29%, at 1,104.19 after earlier rising more

than 1%.

The pan-European STOXX 600 index rose 0.18% after

paring earlier gains.

BORROWING COSTS

In currencies, the dollar index, which measures the

greenback against a basket of currencies including the yen and

the euro, fell 0.22% to 99.82, with the euro up 0.23% at

$1.1561.

Against the Japanese yen, the dollar strengthened 0.04%

to 160.23.

In government bonds, the yield on benchmark U.S. 10-year notes

fell 0.2 basis points to 4.548%, from 4.55% late on

Monday while the 30-year bond yield rose 0.3 basis

points to 5.0272%.

The 2-year note yield, which typically moves in step

with interest rate expectations for the Federal Reserve, fell

1.7 basis points to 4.141%, from 4.158% late on Monday.

In energy markets, U.S. crude fell 3.94% to $87.70 a

barrel and Brent fell to $91.11 per barrel, down 3.33%

on the day.