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Economics News July 30, 2024

30 thg 7, 2024

U.S. Stock Market Situation on July 29

The U.S. stock market showed mixed movements across indices amidst numerous financial reports, U.S. economic data, and central bank policy meetings set to take place this week. The S&P 500 index rose by 0.08%, reaching 5,463.54 points. The Nasdaq index increased by 0.07%, reaching 17,370.2 points. The Dow Jones index, however, moved in the opposite direction, falling by 0.12% to 40,539.93 points.


U.S. Treasury Bonds Situation on July 29

The yield on the 10-year U.S. Treasury bond slightly decreased to 4.18%.


Dollar Index Situation

The Dollar Index increased by 0.25%, reaching 104.57 points, as a series of new economic events this week could impact the market.


Gold Situation

The global gold price turned downward today, with spot gold prices dropping by 5.6 USD to 2,384.7 USD/ounce. Gold futures traded down by 1.7 USD compared to early yesterday, settling at 2,427.6 USD/ounce.


Commodity Market Situation

At the end of the first trading session of the week, oil prices fell nearly 2% as Israeli government officials did not want a full-scale war in the Middle East. Specifically, Brent crude oil prices dropped by 1.35 USD, or 1.7%, to 79.78 USD/barrel. WTI crude oil prices fell by 1.35 USD, or 1.8%, to 75.81 USD/barrel.

Source: Multiple sources

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