US stocks yesterday October 8
Economic and financial news on October 9, 2024. The US stock market rose sharply again as oil prices fell and investors studied the political tension in the Middle East. Specifically, the S&P 500 index increased by 0.97%, reaching 65,751.13 points. The Nasdaq index increased by 1.45%, reaching 18,182.92 points. The Dow Jones index increased by 126.13 points, equivalent to 0.3%, closing at 42,080.37 points.
On the US Treasury bond situation on October 8
The yield on the 10-year US Treasury note fell from yesterday to 4.014%. The dollar index fell from yesterday to 102.47 points as investors assessed the prospect of further US interest rate cuts, along with concerns about political conflict in the Middle East.
About Gold Situation
World gold prices continued to fall, with spot gold falling $20.9 to $2,622.2 an ounce. Gold futures last traded at $2,640.6 an ounce, down $21.3 from early yesterday morning.
Regarding the commodity trading market situation, some notable developments
The economic and financial news ended the trading session on October 8, oil prices unexpectedly dropped more than 4% after the market received information about the possibility of a ceasefire between Hezbollah and Israel. Specifically, Brent oil prices fell by 3.75 USD, equivalent to 4.63%, to 77.18 USD/barrel. WTI oil prices fell by 3.57 USD, equivalent to 4.63%, to 73.57 USD/barrel. Let's follow HVA to update and grasp the fastest information about the financial market every day.
