At the end of the trading session on December 5, the Dow Jones index decreased 0.55% to 44,765.71 points. The Nasdaq Composite index decreased 0.18% to 19,700.26 points. The S&P 500 index decreased 0.19% to 6,075.11 points.
In the financial news on Thursday, investors are looking ahead to important US employment data on December 6. Economists polled by Dow Jones forecast the US economy added 214,000 jobs in November 2024.
The jobs report could inform the Federal Reserve's interest rate decision at its policy meeting later this month. Fed Chairman Jerome Powell said on December 4 that the US economy is strong enough for the central bank to be cautious about lowering interest rates.
At the end of the trading session on December 5, spot gold contracts fell 0.8% to 2,628.54 USD/oz. Gold futures contracts lost 0.9% to 2,653.50 USD/oz.
The yield on the 10-year US government bond advanced to 0.6%, while Bitcoin surged, surpassing the $100,000 mark for the first time on December 5.
At the end of the trading session on December 5, WTI oil contract fell 24 cents (equivalent to 0.35%) to 68.30 USD/barrel. Brent oil contract lost 22 cents (equivalent to 0.3%) to 72.09 USD/barrel.
According to inside sources, the alliance will maintain its combined output at 39.725 million barrels per day until the end of 2026. Notably, eight OPEC+ members have agreed to extend the voluntary cut program of 2.2 million barrels per day into the first quarter of 2025, before starting a gradual production increase from April 2025 to September 2026.
Economic and financial news, the price of silver contract in January 2025 decreased by 1.1% compared to the previous session to 31,251 USD/troy ounce. Similarly, the price of platinum contract in January 2025 decreased by 1.2% to 941.6 USD/troy ounce. Meanwhile, the price of copper contract in January 2025 decreased by 0.2% to 4,155 USD/pound. Let's follow HVA to update and grasp the fastest information about the financial market every day.
