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Economic News October 03, 2024

3 thg 10, 2024

U.S. Stock Market Situation on October 2

The U.S. stock market edged higher in Wednesday’s trading session as investors remained tense, monitoring the situation in the Middle East and awaiting the U.S. non-farm payroll report tomorrow. Specifically, the S&P 500 index increased by 0.01%, reaching 5,709.54 points. The Nasdaq index rose by 0.08%, closing at 17,952.12 points. The Dow Jones index climbed by 0.09%, ending the session at 42,196.52 points.


U.S. Treasury Bonds Situation on October 2

The yield on the U.S. 10-year Treasury bond surged, reaching 3.783%.


Dollar Index Situation

The dollar index continued its rise, gaining 0.41% to reach 101.60 points after the ADP national employment report showed that U.S. private payrolls exceeded expectations.


Gold Market Situation

Global gold prices retreated slightly today, with spot gold falling by 5.5 USD to 2,659.5 USD/ounce. Gold futures also declined by 4.7 USD compared to the previous early morning, settling at 2,680.1 USD/ounce.


Commodity Market Situation

By the end of Wednesday’s trading session, oil prices continued to rise slightly due to concerns over escalating conflict in the Middle East. Specifically, Brent crude oil prices increased by 34 cents, or 0.46%, to 73.9 USD/barrel. WTI crude oil prices rose by 27 cents, or 0.39%, to 70.1 USD/barrel.

Source: Multiple sources

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