Economic News September 09, 2024
9 thg 9, 2024
U.S. Stock Market Situation at the End of Last Week on September 6
The U.S. stock market saw a sharp decline on Friday as a weak jobs report prompted investors to sell off tech stocks. Specifically, the S&P 500 index dropped by 1.73%, closing at 5,408.42 points. The Nasdaq index slid 2.55%, down to 16,690.83 points. The Dow Jones index fell by 1.01%, ending the session at 40,351.41 points.
U.S. Treasury Bonds Situation on September 8
The 10-year U.S. Treasury bond yield reversed course and increased, reaching 3.734%.
Dollar Index Situation
The Dollar Index started the new week at 101.19 points.
Gold Situation
Global gold prices today are trending upward, with spot gold rising by 3.2 USD compared to the closing level last week, reaching 2,501.4 USD/ounce.
Commodity Market Situation
At the close of Friday's session, oil prices fell by more than 2% after the U.S. jobs report came in weaker than expected. Specifically, Brent crude oil prices dropped by 1.63 USD, or 2.24%, to 71.06 USD/barrel - the lowest level since December 2021. WTI crude oil prices fell by 1.48 USD, or 2.14%, to 67.67 USD/barrel - the lowest since June 2023.
Source: Multiple sources
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The Mercantile Exchange of Vietnam (MXV) reported that global commodity prices continued to fluctuate during yesterday's trading session (September 10).
After a bright session, global commodity prices continue to reverse.
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At the close of Tuesday’s session, oil prices fell to their lowest levels in three years after OPEC lowered its forecast for oil demand this year and next.
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