Economic News August 21, 2024
21 thg 8, 2024
U.S. Stock Market Situation on August 20
The U.S. stock market broke its strong streak, reversing with a decline. Specifically, the S&P 500 Index fell by 0.2% to 5,597.12 points. The Nasdaq Index dropped by 0.33% to 17,816.94 points. The Dow Jones Index slipped by 0.15%, ending at 40,834.97 points.
U.S. Treasury Bonds Situation on August 20
The 10-year U.S. Treasury bond yield continued its downward trend, reaching 3.799%.
Dollar Index Situation
The Dollar Index further declined by 0.51%, reaching 101.38 points as investors awaited comments from the Federal Reserve Chairman.
Gold Market Situation
Today, the global gold price saw a slight increase, with spot gold rising by 9.7 USD to 2,514.7 USD per ounce. Gold futures last traded up by 10.8 USD from early yesterday, reaching 2,551.5 USD per ounce.
Commodity Market Situation
At the close of yesterday’s trading session, oil prices continued to decline by around 1% after Israel accepted a proposal to resolve disagreements in the Gaza Strip ceasefire agreement. Specifically, Brent crude oil fell by 46 cents, or 0.6%, to 77.2 USD per barrel. WTI crude oil decreased by 33 cents, or 0.4%, to 74.04 USD per barrel.
Source: Multiple sources
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