ECONOMIC AND FINANCIAL NEWS OCTOBER 18, 2024

Posted date: October 18, 2024 Updated date: 10/18/2024

Index

US Stock Market Situation Yesterday, October 17

The US stock market ended Thursday's trading session (October 17) in a mixed state, with the Dow Jones setting a new record while the S&P 500 index fell slightly. At the end of the trading session, the S&P 500 index fell slightly by 0.02% to 5,841.47 points. The Nasdaq index, with a boost from chip stocks, increased by 0.04% to close at 18,373.61 points. The Dow Jones index increased by 161 points, equivalent to an increase of 0.37%, reaching 43,293.05 points.

On the US Treasury bond situation on October 17

The yield on the 10-year US Treasury note rose sharply, reaching 4.096%.

About the Dollar Index situation

The Dollar Index rose in the last trading session, rising 0.18% to 103.77. The USD jumped to a fresh 11-week high in the last trading session, after data showed US retail sales rose in September, reinforcing expectations that the US Federal Reserve (Fed) will pursue a rate cut stance in the coming period, as the world's largest economy remains resilient.

About Gold Situation 

Gold prices continued to rise, with spot gold rising $18.3 to $2,693.5 an ounce. Gold futures last traded at $2,706.8 an ounce, up $16.5 from early yesterday morning. Gold prices hit a record high on Thursday as safe-haven demand continued to rise, concerns about uncertainty surrounding the US presidential election and conflict in the Middle East. Increasing expectations that the US central bank will continue to ease monetary policy after cutting interest rates by half a percentage point last month also added to the yellow metal's strength.

On the situation of the commodity trading market

The economic and financial news ended the trading session on October 17, oil prices increased slightly, supported by data showing that US oil and fuel inventories decreased. Brent crude oil prices increased by 23 cents, equivalent to 0.31%, to 74.45 USD/barrel. US WTI crude oil prices increased by 28 cents, equivalent to 0.4%, to 70.67 USD/barrel. Let's follow HVA to update and grasp the fastest information about the financial market every day. 

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HVA shares are a sustainable profitable choice in the investment field. Committed to bringing safety and maximum benefits to investors through effective investment solutions.

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