Economic News September 12, 2024
12 thg 9, 2024
U.S. Stock Market Situation on September 11
The U.S. stock market posted strong gains on Wednesday’s trading session as the core consumer price index rose higher than expected. Specifically, the S&P 500 index increased by 1.07%, reaching 5,554.13 points. The Nasdaq index surged 2.17%, closing at 17,395.53 points. The Dow Jones index rose by 0.31%, ending the session at 40,861.71 points.
U.S. Treasury Bonds Situation on September 11
The 10-year U.S. Treasury bond yield edged up slightly, reaching 3.661%.
Dollar Index Situation
The Dollar Index maintained its upward trend, rising by 0.09% to 101.72 points following the U.S. inflation report.
Gold Situation
Global gold prices reversed direction and fell slightly today, with spot gold down by 5.9 USD to 2,511.8 USD/ounce. Gold futures last traded down by 5.6 USD compared to early yesterday, reaching 2,540.3 USD/ounce.
Commodity Market Situation
At the close of Wednesday’s session, oil prices rose by more than 2% due to concerns over supply disruptions as Hurricane Francine affected oil production. Specifically, Brent crude oil prices increased by 1.42 USD, or 2.05%, to 70.61 USD/barrel. WTI crude oil prices rose by 1.56 USD, or 2.37%, to 67.31 USD/barrel.
Source: Multiple sources
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