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Economic News June 27, 2024

27 thg 6, 2024

US Stock Market Situation

The US stock market rose in Wednesday's trading session (June 26). At the close, the S&P 500 index increased by 0.16% to 5,477.9 points. The Nasdaq index rose by 0.49% to 17,805.16 points. The Dow Jones index gained 15.64 points, or 0.04%, to reach 39,127.8 points.


US Treasury Bond Situation

The yield on the 10-year US Treasury bond continued to rise, reaching 4.331%.


Dollar Index Situation

The Dollar Index surged by 0.45% to 106.05. The USD reached its highest level against the Japanese Yen in nearly 38 years, and there is significant speculation that the Japanese government may intervene to strengthen its currency.


Gold Situation

Global gold prices continued to decline sharply, with spot gold dropping by $21.7 to $2,298.8 per ounce. Gold futures last traded down by $21.1 compared to early yesterday, reaching $2,309.7 per ounce.


Commodity Trading Market Situation

At the end of the trading session on June 26, oil prices rose slightly despite the unexpected increase in US gasoline supply, as investors worried that the potential for escalating conflict in Gaza could disrupt crude oil supplies from the Middle East. Brent crude oil prices rose by 24 cents, or 0.3%, to $85.25 per barrel. WTI crude oil prices increased by 7 cents, or 0.09%, to $80.9 per barrel.

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