Economic News August 23, 2024
23 thg 8, 2024
U.S. Stock Market Situation on August 22
The U.S. stock market declined in Thursday’s trading session as investors awaited the Federal Reserve Chairman’s speech at the annual central bank symposium. Specifically, the S&P 500 Index dropped by 0.89% to 5,570.64 points. The Nasdaq Index slid by 1.67% to 17,619.35 points. The Dow Jones Index decreased by 0.43%, closing at 40,712.78 points.
U.S. Treasury Bonds Situation on August 22
The 10-year U.S. Treasury bond yield continued its upward trend, reaching 3.846%.
Dollar Index Situation
The Dollar Index began to recover, increasing by 0.48% to 101.52 points ahead of the Federal Reserve Chairman’s speech.
Gold Market Situation
Today, the global gold price fell, with spot gold dropping by 26.8 USD to 2,485.7 USD per ounce. Gold futures last traded down by 26.9 USD from early yesterday, settling at 2,520.8 USD per ounce.
Commodity Market Situation
At the close of yesterday’s trading session, oil prices rebounded after four consecutive sessions of decline, driven by heightened expectations of a U.S. interest rate cut in the coming weeks. Specifically, Brent crude oil rose by 1.17 USD, or 1.54%, to 77.22 USD per barrel. WTI crude oil increased by 1.08 USD, or 1.5%, to 73.01 USD per barrel.
Source: Multiple sources
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