Economics News August 01, 2024
1 thg 8, 2024
U.S. Stock Market Situation on July 31
The U.S. stock market was brightly green on Wednesday as the Fed decided not to change interest rates after yesterday's meeting. Specifically, the S&P 500 index rose 1.58%, reaching 5,522.3 points. The Nasdaq index increased by 2.64%, reaching 17,599.4 points. The Dow Jones index rose 0.24%, reaching 40,842.79 points.
U.S. Treasury Bond Situation on July 31
The 10-year U.S. Treasury bond yield continued its sharp decline, dropping to 4.058%.
Dollar Index Situation
The Dollar Index continued to decrease by 0.53%, reaching 104.03 points after the Fed meeting concluded.
Gold Situation
The global gold price today continued its double-digit rise, with the spot gold price increasing by $36.8, reaching $2,448.2 per ounce. Gold futures last traded up $41.4 from yesterday morning, reaching $2,493.3 per ounce.
Commodity Market Situation
At the end of the trading session on Wednesday, oil prices turned around and surged sharply due to the assassination of a Hamas leader, raising concerns about conflict in the Middle East, as well as a decrease in U.S. oil inventories. Specifically, Brent oil prices rose by $2.09, or 2.66%, reaching $80.72 per barrel. WTI oil prices increased by $3.18, or 4.26%, reaching $77.91 per barrel.
Source: Multiple sources
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