US Stock Market Situation Yesterday, October 10
Economic and financial news on October 10, 2024. The US stock market rose for the second consecutive session on Wednesday as investors were optimistic about the minutes of the US Federal Reserve's September meeting and geopolitical concerns were put on hold. The S&P 500 and Dow Jones indexes both set new records. Specifically, the S&P 500 increased by 0.71% to 5,792.04 points. The Nasdaq index increased by 0.6% to 18,291.62 points. The Dow Jones index increased by 431.63 points, equivalent to 1.03% to 42,512 points.
On the US Treasury bond situation yesterday 10th October
The yield on the 10-year US Treasury note rose sharply from yesterday, reaching 4.075%.
About the Dollar Index situation
The dollar index edged up in the last trading session, reaching 102.88 as a majority of policymakers supported a 50 basis point interest rate cut released in the minutes of the US Federal Reserve's September meeting.
About Gold Situation
World gold prices continued to fall, with spot gold falling $13.5 to $2,608.7 an ounce. Gold futures last traded down $14.4 compared to early this morning, at $2,626.2 an ounce.
Regarding the commodity trading market situation, some notable developments
The economic and financial news ended the trading session on October 9, oil prices continued to decline from the previous session. However, the decrease was limited by the risk of supply disruption from Iran and Hurricane Milton in the US. Specifically, Brent crude oil prices decreased by 60 cents, equivalent to 0.8%, to 76.58 USD/barrel. WTI crude oil prices decreased by 33 cents, equivalent to 0.5%, to 73.24 USD/barrel. Let's follow HVA to update and grasp the fastest information about the financial market every day.
