Economic News October 04, 2024
4 thg 10, 2024
U.S. Stock Market Situation on October 3
The U.S. stock market edged lower in Thursday’s trading session as escalating tensions in the Middle East raised investor concerns. Specifically, the S&P 500 index fell by 0.17% to 5,699.94 points. The Nasdaq index declined by 0.04%, reaching 18,918.48 points. The Dow Jones index dropped by 0.44%, closing at 42,011.59 points.
U.S. Treasury Bonds Situation on October 3
The yield on the U.S. 10-year Treasury bond continued to rise sharply, reaching 3.846%.
Dollar Index Situation
The dollar index kept climbing, increasing by 0.27% to 101.94 points as reports indicated that the U.S. economy remained strong ahead of today’s jobs report release.
Gold Market Situation
Global gold prices remained stable, with spot gold slipping by 3 USD to 2,656.5 USD/ounce. Gold futures last traded down 4.7 USD compared to the previous early morning, settling at 2,675.7 USD/ounce.
Commodity Market Situation
By the end of Thursday’s trading session, oil prices surged by 5% due to fears that escalating conflict in the Middle East could disrupt crude oil supplies. Specifically, Brent crude oil prices increased by 3.72 USD, or 5.03%, to 77.62 USD/barrel. WTI crude oil prices rose by 3.61 USD, or 5.15%, to 73.71 USD/barrel.
Source: Multiple sources
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