US Stock Market Situation yesterday october 23: Financial economic news shows that on October 23, the S&P 500 index stopped at 5,797.42 points, equivalent to a decrease of 0.92%. The Dow Jones index lost 0.96%, equivalent to nearly 410 points, to 42,514.95 points, marking the worst session of the Dow Jones since early September 2024. The Nasdaq Composite index also fell 1.6% to 18,276.65 points.
About the bond situation The yield on the 10-year US Treasury note hit its highest level since July 26 on October 23, surpassing 4.25%. Despite the US Federal Reserve cutting interest rates beyond market expectations over the past month, bond yields have continued to surge. Recent economic data is seen as the reason for the upward move in yields.
About the Dollar Index situation, the DXY index jumped at one point, hitting its highest level since late July at 104.57. Recent comments from Fed officials suggest the central bank will take a gradual approach in cutting interest rates.
About Gold Situation, gold prices were under pressure from investors to take profits after a record session. At the end of the trading session on October 23, spot gold contracts fell 1% to 2,721.12 USD/ounce. Gold futures contracts lost 0.9% to 2,734.60 USD/ounce.
Regarding the commodity trading market situation: Oil prices fell sharply after data showed that US inventories rose by 5.5 million barrels to 426 million barrels in the week ended October 18. However, investors remained concerned about the ongoing conflict in the Middle East. Stay tuned. HVA to update and grasp the fastest information about the financial market every day.
