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Economic News August 07, 2024

7 thg 8, 2024

U.S. Stock Market Situation on August 6

The U.S. stock market rebounded after three consecutive sell-off sessions on Tuesday as Japanese stocks surged and recession fears temporarily eased. Specifically, the S&P 500 index rose by 1.04%, reaching 5,240.03 points. The Nasdaq index increased by 1.03%, to 16,366.85 points. The Dow Jones index climbed by 0.76%, to 38,997.66 points.


U.S. Treasury Bond Situation on August 6

The 10-year U.S. Treasury bond yield recovered, rising to 3.886%.


Dollar Index Situation

The Dollar Index rebounded, increasing by 0.24% to 102.93 points.


Gold Situation

The global gold price continued its sharp decline, with spot gold falling by $21 to $2,390.4 per ounce. Gold futures last traded down $19 from yesterday morning, reaching $2,432.1 per ounce.


Commodity Market Situation

At the end of Tuesday's trading session, oil prices slightly increased as the stock market recovered and supply decreased. Specifically, Brent oil prices rose by 18 cents, or 0.2%, to $76.48 per barrel. WTI oil prices increased by 26 cents, or 0.4%, to $73.2 per barrel.

Source: Multiple sources

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