Economics News July 17, 2024
17 thg 7, 2024
U.S. Stock Market Situation
The U.S. stock market continued to rise in Tuesday’s trading session as expectations grew that the Federal Reserve might cut interest rates in September. The S&P 500 index increased by 0.64%, closing at a record 5,667.2 points. The Nasdaq index rose by 0.2%, ending at 18,509.34 points. The Dow Jones index gained 1.85%, closing at 40,954.48 points.
U.S. Treasury Bonds Situation
The yield on 10-year U.S. Treasury bonds continued to decrease slightly, falling to 4.16%.
Dollar Index Situation
The Dollar Index continued to rise, up 0.04% to 104.25 points, as retail sales data in the U.S. proved to be stronger than expected.
Gold Situation
Gold prices reached an all-time high, with spot gold rising by $46.5 to $2,469.1 per ounce. Futures gold last traded up $44.7 from the previous session, reaching $2,473.6 per ounce.
Commodity Market Situation
At the end of the trading session yesterday, oil prices dropped by 1% due to concerns that the sluggish Chinese economy would reduce demand. Brent crude oil fell by $1.12, or 1.3%, to $83.73 per barrel. WTI crude oil dropped by $1.15, or 1.4%, to $80.76 per barrel.
Source: Multiple sources
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