top of page

Economic News September 04, 2024

4 thg 9, 2024

U.S. Stock Market Situation on September 3

The U.S. stock market experienced a sharp decline in Tuesday's trading session amid a sell-off in tech stocks and gloomy economic data. Specifically, the S&P 500 index fell 2.12%, down to 5,528.93 points. The Nasdaq index dropped 3.26%, closing at 17,136.3 points. The Dow Jones index also declined by 1.51%, ending the session at 40,936.93 points.


U.S. Treasury Bonds Situation on September 3

The 10-year U.S. Treasury bond yield dropped significantly, down to 3.837%.


Dollar Index Situation

The Dollar Index rose by 0.12%, reaching 101.77 points. At the same time, the USD hit a two-week high against the EUR.


Gold Situation

Global gold prices dropped yesterday, with spot gold down by 7.2 USD, to 2,492.8 USD/ounce. Gold futures last traded down by 7.7 USD compared to early yesterday, reaching 2,524 USD/ounce.


Commodity Market Situation

At the close of Tuesday's session, oil prices plunged nearly 5%, hitting the lowest level in almost 9 months. Specifically, Brent oil prices dropped by 3.77 USD, equivalent to 4.9%, to 73.75 USD/barrel. WTI oil prices fell by 3.21 USD, or 4.4%, to 70.34 USD/barrel.

Source: Multiple sources

Related Posts

The drop in the PMI below 50 reflects a contraction in the manufacturing sector, which could also impact demand in the metal industry.

Metals News August 23, 2024

23 tháng 8, 2024

The overwhelming selling pressure dragged the MXV-Index down by an additional 0.59% to 2,102 points, extending the losing streak to three consecutive sessions. By the close of the market, nearly the entire price board for metals and agricultural products was covered in red.

The metal and agricultural markets are ablaze, causing the MXV-Index to continue its decline.

23 tháng 8, 2024

Wheat Prices Plummet 2%

Agriculture News August 22, 2024

22 tháng 8, 2024

Related Post

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

bottom of page