Economic News August 09, 2024
9 thg 8, 2024
US Stock Market Situation on August 8
The US stock market saw gains on Thursday as employment data exceeded expectations. The S&P 500 index increased by 2.3%, closing at 5,319.91 points, marking its highest single-session gain since November 2022. The Nasdaq index surged by 2.87% to 16,660.02 points, while the Dow Jones index rose by 1.76%, reaching 39,446.49 points.
US Treasury Bonds Situation on August 8
The 10-year US Treasury bond yield maintained its upward momentum, reaching 3.99%.
Dollar Index Situation
The Dollar Index increased by 0.22%, reaching 103.19 points after the latest report showed a sharper-than-expected drop in unemployment claims last week.
Gold Situation
Global gold prices rebounded strongly, with spot gold rising by 46 USD to 2,428.3 USD per ounce. Gold futures last traded up 41.2 USD from the previous session, reaching 2,467.3 USD per ounce.
Commodity Market Situations
In the commodities market, oil prices continued to rise slightly as concerns over Middle Eastern conflicts and better-than-expected US employment data supported the market. Brent crude oil increased by 83 cents, or 1.06%, to 79.16 USD per barrel, while WTI crude oil rose by 96 cents, or 1.28%, to 76.19 USD per barrel.
Source: Multiple sources
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