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
Related Posts
The dollar posted moderate gains on Friday due to the weakness of the yen after the Bank of Japan did not tighten its monetary policy.
Metals News September 23, 2024
23 tháng 9, 2024
Thursday's Export Sales report indicated that total export commitments for corn are currently at 14 million metric tons (MMT), a 21% increase from the same period last year.
Agriculture News September 23, 2024
23 tháng 9, 2024
Related Post
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.