ECONOMIC AND FINANCIAL NEWS OCTOBER 22, 2024

Posted date: October 22, 2024 Updated date: 10/23/2024

Index

US Stock Market Situation Yesterday, October 21: The financial economic news showed that the US stock market fell in the trading session on Monday (October 21), ending a streak of consecutive record sessions last week, as rising US Treasury yields put pressure on stock prices while investors awaited the next financial reports.

The S&P 500 fell 0.18% to 5,853.98 points. The Nasdaq rose 0.27%, helped by tech stocks, to end the session at 18,540.01 points. The Dow Jones Industrial Average lost 344.31 points, or 0.8%, to 42,931.6 points, after a three-session streak of record highs.

On the US Treasury bond situation on October 21, The yield on the 10-year US Treasury note rose sharply to a 12-week high, reaching 4.182%.

Regarding the Dollar Index situation, The dollar index rose in yesterday's trading session, at 103.96. The US dollar rose in the last trading session, supported by rising US bond yields, along with a series of solid economic data, showing that the US Federal Reserve (Fed) has enough room to carry out interest rate cuts calmly and cautiously.

Regarding the Gold situation, World gold prices fell, with spot gold down $3.2 to $2,719.9 an ounce. Gold futures last traded at $2,734.7 an ounce, down $1.7 from early this morning.

Regarding the commodity trading market situation: The economic and financial news bulletin ended the first trading session of the week (October 21), oil prices increased by nearly 2%, recovering some of the "losses" of last week. Oil prices climbed in the context of the ongoing conflict in the Middle East and the possibility that Israel will retaliate against Iran, causing the market to worry about supply disruptions from this region. Brent oil prices increased by 1.23 USD, equivalent to 1.68%, to 74.29 USD/barrel. WTI oil prices increased by 1.34 USD, equivalent to 1.94%, to 70.56 USD/barrel. Let's follow HVA to update and grasp the fastest information about the financial market every day. 

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Doan Nguyen Duy Hau

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