U.S. Stock Market Update on October 10:

The U.S. stock market rose for the second consecutive session on Wednesday, as investors expressed optimism following the release of the Federal Reserve's September meeting minutes and geopolitical concerns were temporarily set aside. Both the S&P 500 and Dow Jones indices hit new record highs. Specifically, the S&P 500 gained 0.71%, closing at 5,792.04 points. The Nasdaq increased by 0.6%, reaching 18,291.62 points, while the Dow Jones rose by 431.63 points, or 1.03%, ending at 42,512 points.

U.S. Treasury Bond Update on October 10:

The 10-year U.S. Treasury yield rose significantly compared to the previous day, reaching 4.075%.

Dollar Index Update:

The Dollar Index saw a modest increase in the last trading session, reaching 102.88, as most policymakers expressed support for a 50-basis-point interest rate cut, as outlined in the minutes from the Federal Reserve's September meeting.

Gold Market Update:

Global gold prices continued to decline, with spot gold dropping by $13.5 to $2,608.7 per ounce. Gold futures last traded at $2,626.2 per ounce, down $14.4 from the previous morning.

Commodities Market Update:

In the commodities market, notable movements included oil prices continuing their downward trend in the session ending on October 9. However, the decline was limited by concerns over potential supply disruptions from Iran and Hurricane Milton in the U.S. Specifically, Brent crude fell by 60 cents, or 0.8%, to $76.58 per barrel, while WTI crude dropped by 33 cents, or 0.5%, to $73.24 per barrel.

Source: Compiled