Economic News August 28, 2024
28 thg 8, 2024
U.S. Stock Market Situation on August 27
The U.S. stock market rose in Tuesday's trading session as investors awaited the upcoming inflation report expected to be released this week. Specifically, the S&P 500 Index increased by 0.16% to 5,625.8 points. The Nasdaq Index also rose by 0.16%, reaching 17,754.82 points. The Dow Jones Index edged up by 0.02%, closing at 41,250.5 points.
U.S. Treasury Bonds Situation on August 27
The 10-year U.S. Treasury bond yield continued to rise slightly, reaching 3.832%.
Dollar Index Situation
The Dollar Index fell by 0.30%, dropping to 100.55 points. In contrast, the British pound reached its highest level against the U.S. dollar in over two years.
Gold Market Situation
Today, the global gold price continued to rise slightly, with spot gold increasing by 6.3 USD to 2,524.9 USD per ounce. Gold futures last traded up by 4.8 USD from early yesterday, reaching 2,560 USD per ounce.
Commodity Market Situation
At the close of Tuesday’s trading session, oil prices reversed course, falling by about 2% after three consecutive sessions of gains. Specifically, Brent crude oil dropped by 1.88 USD, or 2.3%, to 79.55 USD per barrel. WTI crude oil fell by 1.89 USD, or 2.4%, to 75.53 USD per barrel.
Source: Multiple sources
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