Economic News August 19, 2024
19 thg 8, 2024
U.S. Stock Market Situation on August 16
The U.S. stock market concluded its strongest week of the year with its seventh consecutive day of gains. Specifically, the S&P 500 Index rose by 0.2%, reaching 5,554.25 points. The Nasdaq Index increased by 0.21%, hitting 17,631.72 points. The Dow Jones Index climbed by 0.24%, closing at 40,659.76 points.
U.S. Treasury Bonds Situation on August 18
The 10-year U.S. Treasury bond yield slightly increased, reaching 3.909%.
Dollar Index Situation
The Dollar Index started the new week at 102.4 points.
Gold Market Situation
Today, the global gold price showed a downward trend, with spot gold decreasing by 2.5 USD from last week's closing price, now standing at 2,506.2 USD per ounce.
Commodity Market Situation
At the end of last week’s trading session, oil prices dropped nearly 2% as investors lowered their expectations regarding demand in the Chinese market. Specifically, Brent crude oil fell by 1.36 USD, or 1.7%, to 79.68 USD per barrel. WTI crude oil decreased by 1.51 USD, or 1.9%, to 76.65 USD per barrel.
Source: Multiple sources
Related Posts
The U.S. dollar reversed its gains, boosting metal prices.
Metals News July, 31 2024
31 tháng 7, 2024
Agricultural commodity prices faced sell-off pressure on Tuesday.
Agriculture News 31 July, 2024
31 tháng 7, 2024
Oil prices continued to decline, falling by more than 1% to the lowest level in seven weeks. This decline was attributed to OPEC+ likely continuing its plan to increase production, weak demand from China, and a potential ceasefire agreement in the Gaza Strip.
Economics News July 31, 2024
31 tháng 7, 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.