US Stock Market Situation for the Weekend Before October 14
Economic and financial news on October 15, 2024. The US stock market increased in the trading session on Monday (October 14) due to optimism about the financial reporting season, the S&P 500 and Dow Jones indexes both closed at unprecedented highs. Specifically, the S&P 500 increased by 0.77%, reaching 5,859.85 points. Nasdaq increased by 0.87%, closing at 18,502.69 points. Dow Jones increased by 201.36 points, equivalent to 0.47%, reaching 43,065.22 points.
On the US Treasury bond situation on October 14
The yield on 10-year US Treasury bonds edged down to 4.1%.
About the Dollar Index situation
The Dollar Index surged in the last trading session, reaching 103.21. The USD hit a 10-week high in the last trading session, extending a multi-week winning streak as data showed the economy was slowing, in line with expectations of a moderate interest rate cut from the US Federal Reserve (Fed).
About Gold Situation
World gold prices fell with spot gold down $9.5 to $2,649.7 an ounce. Gold futures last traded at $2,663.7 an ounce, down $12.6 from early yesterday morning.
On the situation of the commodity trading market
The economic and financial news bulletin ended the first trading session of the week (October 14), oil prices fell more than 2% when OPEC once again lowered its forecast for global oil demand growth in 2024 and 2025 while China's oil imports fell for the fifth consecutive month. Brent crude oil prices fell 1.58 USD, equivalent to 2%, to 77.46 USD/barrel. WTI crude oil prices fell 1.73 USD, equivalent to 2.29%, to 73.83 USD/barrel. Let's follow HVA to update and grasp the fastest information about the financial market every day.
