Economics News July 22, 2024
22 thg 7, 2024
The US stock market continued to decline sharply on Friday. The S&P 500 index fell by 0.71%, closing at 5,505 points. The Nasdaq index dropped by 0.81%, ending at 17726.94 points. The Dow Jones index decreased by 0.93%, finishing at 40287.53 points.
Regarding US Treasury bonds on July 21, the 10-year Treasury bond yield slightly decreased to 4.218%.
As for the Dollar Index, it started the new week at 104.33 points.
Concerning gold prices, the global gold price has rebounded after a sharp decline last week. Specifically, the spot gold price increased by 3.4 USD compared to the previous week's closing price, reaching 2404.2 USD per ounce this morning.
Next, we will cover notable information about the commodity trading market:
In the commodity trading market, some noteworthy movements are: At the end of last week's trading session, oil prices fell sharply due to the possibility of a ceasefire agreement in the Gaza Strip and the US dollar strengthening again. Brent oil prices dropped by 2.48 USD, equivalent to 2.9%, to 82.63 USD per barrel. WTI oil prices fell by 2.69 USD, equivalent to 3.3%, to 80.13 USD per barrel.
Source: Multiple sources
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