ECONOMIC AND FINANCIAL NEWS OCTOBER 28, 2024

Posted date: October 28, 2024 Updated date: 10/28/2024

Index

US Stock Market Situation October 25: The financial economic news showed that large-cap technology stocks, the Nasdaq Composite index hit a record high of 18,518.61 points last weekend, up 0.56%. Meanwhile, the S&P 500 fell 0.03% to 5,808.12 points and the Dow Jones index lost 0.61%. to 42,114.40 points.

On the US Treasury bond situation on October 25, the yield on the 10-year US government bond has cooled from a three-month high. On October 25, the yield on the 10-year bond rose to 4.24%.

About the Dollar Index situation, the DXY index rose for the fourth consecutive week and maintained its upward trend, closing the week at 104.32, up 0.8%, thanks to support from the rise in US Treasury yields.

About Gold Situation, Gold prices rose on Friday (October 25), recovering from profit-taking amid tensions in the Middle East and concerns over the US presidential election. Spot gold futures rose 0.3% to $2,743.33 an ounce at the close of trading on October 25. Gold hit a record high of $2,758.37 an ounce on October 23 and posted its third consecutive weekly gain. Gold futures added 0.3% to $2,755.80 an ounce.

On the situation of the commodity trading market: Last week, Brent crude oil prices increased by 4.09%, while WTI crude oil increased by 3.7% this week amid conflicts in the Middle East and the US election. Let's follow HVA to update and grasp the fastest information about the financial market every day. 

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