Economic News September 05, 2024
5 thg 9, 2024
U.S. Stock Market Situation on September 4
The U.S. stock market continued to decline in Wednesday's trading session. Specifically, the S&P 500 index fell by 0.16%, closing at 5,520.07 points. The Nasdaq index slipped 0.3%, down to 17,084.3 points. In contrast, the Dow Jones index rose 0.09%, ending the session at 40,974.97 points.
U.S. Treasury Bonds Situation on September 4
The 10-year U.S. Treasury bond yield continued its sharp decline, down to 3.753%.
Dollar Index Situation
The Dollar Index dropped by 0.56%, down to 101.27 points as labor market data indicated weakening U.S. employment conditions.
Gold Situation
Global gold prices edged up today, with spot gold rising by 3.6 USD, reaching 2,496.4 USD/ounce. Gold futures last traded up by 3.4 USD compared to early yesterday, reaching 2,526.4 USD/ounce.
Commodity Market Situation
At the close of Wednesday's session, oil prices continued to decline by over 1%. Specifically, Brent crude oil prices fell by 1.05 USD, or 1.42%, to 72.7 USD/barrel. WTI crude oil prices dropped by 1.14 USD, or 1.62%, to 69.2 USD/barrel.
Source: Multiple sources
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