Economics News August 02, 2024
2 thg 8, 2024
U.S. Stock Market Situation on August 1
The U.S. stock market sharply declined on Thursday as investors worried about the potential for an economic recession in the U.S. Specifically, the S&P 500 index fell by 1.37%, down to 5,446.68 points. The Nasdaq index decreased by 2.3%, to 17,194.15 points. The Dow Jones index dropped by 1.21%, to 40,347.97 points.
U.S. Treasury Bond Situation on August 1
The 10-year U.S. Treasury bond yield continued its sharp decline, dropping to 3.982%.
Dollar Index Situation
The Dollar Index turned upward, rising by 0.24% to 104.34 points as geopolitical tensions in the Middle East led investors to seek safer havens.
Gold Situation
The global gold price reversed its trend and fell today, with spot gold prices decreasing by $4.2 to $2,444 per ounce. Gold futures last traded down $6 from yesterday morning, reaching $2,487.3 per ounce.
Commodity Market Situation
At the end of Thursday's trading session, oil prices slightly declined by approximately 2% as political tensions in the Middle East did not significantly impact the oil market. Specifically, Brent oil prices fell by $1.32, or 1.6%, to $79.52 per barrel. WTI oil prices decreased by $1.6, or 2.1%, to $76.31 per barrel.
Source: Multiple sources
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