US Stock Market Situation October 30: Financial economic news at the end of the session on October 30, the S&P 500 decreased 0.33% to 5,813.67 points. The Dow Jones index decreased 0.22% to 42,141.54 points. The Nasdaq Composite index fell 0.56% to 18,607.93 points. Earlier in the session, this index even hit a new record.
US GDP in the third quarter increased by 2.81% compared to the same period last year, lower than the forecast of about 31% from analysts. ADP reported that the US private sector added 233 thousand new jobs, compared to the forecast of 114 thousand.
On the US Treasury bond situation On October 31, the yield on 10-year bonds continued to rise, reaching 4.3 at one point this morning.
About the Dollar Index situation, the DXY index rose to 104.43 in early trading before turning down to 104.06.
Regarding the Gold situation, Spot gold futures closed up 0.5% at $2,788.89 an ounce. Gold futures rose 0.7% to $2,799.90 an ounce. Senior market strategist at RJO Futures predicts gold could hit $2,850 an ounce in the near future. According to the Financial Times, for the first time, the value of global gold demand exceeded $100 billion in the third quarter of 2024.
Regarding the commodity trading market situation: Oil rose more than 2% as US inventories unexpectedly fell. Brent crude futures rose 2,01% to $72.55 a barrel. WTI crude futures rose 2,08% to $68.61 a barrel.
The economic and financial news showed that the metal group tended to decline in yesterday's session. The silver settlement price in December 2024 decreased by 1.1% to 34.075 USD/troy ounce, the platinum price in January 2025 decreased by 4% to 1,021.7 USD/troy ounce. The copper price in December 2024 decreased by 4.3515 USD/pound, a slight decrease of 0.2%. Let's follow HVA to update and grasp the fastest information about the financial market every day.
