ECONOMIC AND FINANCIAL NEWS 09.05.2024

Posted date: 09/05/2024 Updated date: 09/10/2024

Index

US Stock Market Situation Yesterday, September 4

The economic and financial news on the US stock market continued to decline in the trading session on Wednesday. Specifically, the S&P 500 index decreased by 0.16% to 5,520.07 points. The Nasdaq index slipped by 0.3% to 17,084.3 points. In contrast, the Dow Jones index increased by 0.09% to close the session at 40,974.97 points.

About the US Treasury bond situation yesterday, September 4

The yield on the 10-year US Treasury note continued to fall sharply, down to 3.753%.

About the Dollar Index situation

The Dollar Index fell 0.56% to 101.27 points as employment data showed the US labor market is weakening.

About Gold Situation

In the economic and financial news, the world gold price increased slightly today with spot gold increasing by 3.6 USD, reaching 2,496.4 USD/ounce. Gold futures last traded up 3.4 USD compared to early this morning, reaching 2,526.4 USD/ounce.

Regarding the commodity trading market situation, some notable developments

At the end of Wednesday's trading session, oil prices continued to fall by more than 1%. Specifically, Brent oil prices fell by 1.05 USD, equivalent to 1.42%, to 72.7 USD/barrel. WTI oil prices fell by 1.14 USD, equivalent to 1.62%, to 69.2 USD/barrel.

Source: SFVN – Commodity investment with experts

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