Economic News August 15, 2024
15 thg 8, 2024
U.S. Stock Market Situation on August 14
The U.S. stock market rose for the fifth consecutive session as a new report indicated that inflation has decreased. Specifically, the S&P 500 Index increased by 0.38%, reaching 5,455.21 points. The Nasdaq Index edged up by 0.03%, closing at 17,192.6 points. The Dow Jones Index climbed by 0.61%, ending the session at 40,008.39 points.
U.S. Treasury Bonds Situation on August 14
The yield on the U.S. 10-year Treasury bonds continued its downward trend, falling to 3.841%.
Dollar Index Situation
The Dollar Index continued to decline slightly by 0.03%, reaching 102.57 points after the Consumer Price Index report indicated that inflation is cooling in the U.S.
Gold Market Situation
The global gold price continued to decline, with spot gold falling by $17 to $2,448.2 per ounce. Conversely, gold futures saw a final trade increase of $18.8 compared to early yesterday morning, reaching $2,486 per ounce.
Commodity Market Situation
At the end of yesterday’s trading session, oil prices fell by more than 1% following an increase in U.S. oil inventories and easing concerns over conflicts in the Middle East. Specifically, Brent crude oil prices dropped by 93 cents, or 1.15%, to $79.76 per barrel. WTI crude oil prices decreased by $1.37, or 1.8%, to $76.98 per barrel.
Source: Multiple sources
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