Economic News August 08, 2024
8 thg 8, 2024
US Stock Market Situation on August 7
The US stock market declined in Wednesday's trading session as recovery efforts following a sell-off failed. Specifically, the S&P 500 index fell by 0.77% to 5,199.5 points. The Nasdaq index decreased by 1.05% to 16,195.81 points, while the Dow Jones index dropped by 0.6% to 38,763.45 points.
US Treasury Bonds Situation on August 7
The yield on the 10-year US Treasury bond slightly increased to 3.6%.
Dollar Index Situation
The US dollar slightly recovered in the recent trading session, with the Dollar Index rising by 0.22% to 103.19 points. Meanwhile, the Japanese yen declined after the Bank of Japan downplayed the possibility of an imminent rate hike.
Gold Situation
The global gold price continued to decline today, with spot gold dropping by 8.1 USD to 2,382.3 USD per ounce. Gold futures were last traded down by 6.1 USD from early morning, reaching 2,426.1 USD per ounce.
Commodity Market Situation
Oil prices rebounded from multi-month lows after data showed a sharper-than-expected decline in US crude oil inventories. Specifically, Brent crude oil increased by 1.85 USD, or 2.42%, to 78.33 USD per barrel. WTI crude oil rose by 2.03 USD, or 2.77%, to 75.23 USD per barrel.
Source: Multiple sources
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