Economic News August 06, 2024
6 thg 8, 2024
U.S. Stock Market Situation on August 5
The U.S. stock market sharply declined on Monday amid concerns about the health of the world's largest economy, leading to a global sell-off. Specifically, the S&P 500 index fell by 3%, down to 5,186.33 points. The Nasdaq index decreased by 3.43%, to 16,200.08 points. The Dow Jones index dropped by 2.6%, to 38,703.27 points.
U.S. Treasury Bond Situation on August 5
The 10-year U.S. Treasury bond yield continued its sharp decline, dropping to 3.779%.
Dollar Index Situation
The Dollar Index fell by 0.52%, down to 102.67 points. This was due to the yen surging to a seven-month high while the USD continued its downward trend.
Gold Situation
The global gold price dropped sharply today, with spot gold prices falling by $35 to $2,411.4 per ounce. Gold futures last traded down $35 from yesterday morning, reaching $2,451.1 per ounce.
Commodity Market Situation
At the end of Monday's trading session, oil prices fell by about 50 cents as the global stock market sell-off continued. Specifically, Brent oil prices fell by 51 cents, or 0.66%, to $76.3 per barrel. WTI oil prices decreased by 58 cents, or 0.79%, to $72.94 per barrel.
Source: Multiple sources
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