Economics News July 09, 2024
9 thg 7, 2024
The situation of the US stock market
The US stock market increased on Monday as investors awaited Federal Reserve Chairman Jerome Powell's testimony on monetary policy and anticipated inflation data to be released this week. At the close, the S&P 500 index rose by 0.1% to 5,527.85 points. The Nasdaq index increased by 0.28% to 18,403.74 points. The Dow Jones index, however, had an opposite trend, decreasing by 0.08% to 39,344.79 points.
The Situation of US Treasury Bonds
The yield on 10-year US Treasury bonds slightly decreased to 4.282%.
The Situation of the Dollar Index
The Dollar Index regained its upward momentum, increasing by 0.14% to 105.01 points.
The Situation of Gold
Global gold prices decreased, with spot gold dropping by $33.3 to $2,359.6 per ounce. Gold futures last traded down by $33.1 compared to early yesterday morning, reaching $2,366.4 per ounce.
The Situation of the Commodity Market
At the end of yesterday's trading session, oil prices fell by about 1% to a one-week low due to the impact of Hurricane Beryl and expectations of a possible ceasefire agreement in Gaza. Brent oil prices dropped by 79 cents, or 0.9%, to $85.75 per barrel. WTI oil prices fell by 83 cents, or 1%, to $82.33 per barrel.
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The Dollar Index continued to decline, dropping by 0.3% to 101.14 points. Simultaneously, the U.S. dollar reached its lowest level against the euro and the British pound in over a year.
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