Economic News July 11, 2024
11 thg 7, 2024
U.S. Stock Market Situation
The U.S. stock market surged on Wednesday as investors anticipated the release of the June Consumer Price Index (CPI) report scheduled for Thursday. At the close of the session, the S&P 500 rose by 1.02%, reaching 5,633.91 points, surpassing the 5,600-point threshold for the first time. The Nasdaq increased by 1.18%, setting a new record closing at 18,647.45 points. The Dow Jones climbed 1.09%, reaching 39,721.36 points.
U.S. Treasury Bonds Situation
The yield on the 10-year U.S. Treasury bond slightly decreased to 4.286%.
Dollar Index Situation
The Dollar Index turned downward, falling by 0.15% to 104.98 points, as the Federal Reserve Chairman indicated that the U.S. central bank aims to further reduce inflation before moving closer to cutting interest rates.
Gold Situation
Global gold prices continued to increase slightly, with spot gold rising by 6.7 USD to 2,370.7 USD/ounce. Gold futures last traded up by 6.7 USD from early yesterday morning, reaching 2,377.8 USD/ounce.
Commodity Trading Market Situation
At the end of yesterday's trading session, oil prices increased slightly by nearly 1% as gasoline and oil inventories fell more sharply than expected due to a sudden spike in U.S. refining activity last week. Brent oil prices rose by 42 cents, or 0.5%, to 85.08 USD/barrel. U.S. WTI oil prices increased by 69 cents, or 0.85%, to 82.1 USD/barrel.
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