US Stock Market Situation for the Weekend Before August 23
The stock market rallied sharply in Friday's trading session right after the FED chairman signaled his readiness to cut interest rates in his speech last weekend. Specifically, the S&P 500 index increased 1,15%, reaching 5,634.61 points. The Nasdaq index increased 1,47%, reaching 17,877.79 points. The Dow Jones index increased 1,14%, closing the session at 41,175.08 points.
On the US Treasury bond situation yesterday august 25
The yield on the 10-year US Treasury note continued to fall, down to 3.789%.
About the Dollar Index situation
The Dollar Index started the new week at 100.68 points.
About Gold Situation
World gold prices today tend to increase with spot gold increasing by 2.3 USD compared to the closing price of last week, reaching 2,515.4 USD/ounce.
Regarding the commodity trading market situation, some notable developments
At the end of last week's trading session, oil prices continued to increase sharply after the FED chairman's speech. Specifically, Brent oil prices increased by 1.8 USD, equivalent to 2.33%, to 79.02 USD/barrel. US WTI oil prices increased by 1.82 USD, equivalent to 2.49%, to 74.83 USD/barrel.
Source: SFVN – Commodity investment with experts
