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Economic Highlights 21.10.2024: U.S. Stock Market Rises in Friday's Session



21 thg 10, 2024

U.S. Stock Market Situation as of October 18: The U.S. stock market rose in Friday's session (October 18), with both the S&P 500 and Dow Jones indices closing at new record highs, completing six consecutive weeks of gains. At the end of the session, the S&P 500 increased by 0.4%, reaching 5,864.67 points. The Nasdaq index rose by 0.63%, hitting 18,489.55 points. The Dow Jones added 36.86 points, equivalent to a 0.09% rise, closing at 43,275.91 points.


Regarding U.S. Treasury Bonds on October 20:The 10-year U.S. Treasury bond yield slightly increased, reaching 4.097%.


Regarding the Dollar Index:The Dollar Index declined in last weekend’s trading session, standing at 103.46. Over the past week, the USD exchange rate experienced significant volatility, particularly amid decisions on interest rates by the U.S. Federal Reserve (Fed) and several global economic factors.


Regarding Gold:Global gold prices trended upwards, with spot gold increasing by 2.3 USD compared to the previous week's closing, reaching 2,723.1 USD/ounce. Last week, gold saw one of the strongest and most stable price hikes of the past year. Amid ongoing tensions, experts believe the gold rally is not yet over.


Regarding the Commodity Trading Market:In the final trading session of the week (October 18), oil prices dropped by more than 1 USD following data showing a slowdown in China's economic growth and investors accepting mixed prospects in the Middle East. Brent oil prices fell by 1.39 USD, or 1.87%, to 73.06 USD per barrel. WTI oil prices dropped by 1.45 USD, or 2.05%, to 69.22 USD per barrel.


Source: Compiled

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