Economic News October 02, 2024
2 thg 10, 2024
U.S. Stock Market Situation on October 1
The U.S. stock market declined in Tuesday’s trading session due to escalating conflict in the Middle East. Specifically, the S&P 500 index dropped by 0.93%, closing at 5,078.75 points. The Nasdaq index fell by 1.53%, reaching 17,910.36 points. The Dow Jones index decreased by 0.41%, ending the session at 42,156.97 points.
U.S. Treasury Bonds Situation on October 1
The yield on the U.S. 10-year Treasury bond reversed and fell, reaching 3.731%.
Dollar Index Situation
The dollar index rose by 0.43%, reaching 101.21 points after the Fed Chair refrained from betting on a significant interest rate cut.
Gold Market Situation
Global gold prices increased today, with spot gold rising by 29.6 USD to 2,665 USD/ounce. Gold futures saw a final gain of 30.1 USD compared to the previous early morning, reaching 2,684.8 USD/ounce.
Commodity Market Situation
By the end of Tuesday’s trading session, oil prices surged by 3% after Iran retaliated against Israel for its campaign targeting Iran's allies. Specifically, Brent crude oil prices increased by 1.86 USD, or 2.6%, to 73.56 USD/barrel. WTI crude oil prices rose by 1.66 USD, or 2.4%, to 69.83 USD/barrel.
Source: Multiple sources
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