ECONOMIC AND FINANCIAL NEWS 11.09.2024

Posted date: 11/09/2024 Updated date: 12/09/2024

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ECONOMIC AND FINANCIAL NEWS 11.09.2024

US Stock Market Situation Yesterday, September 10

The US stock market economic news had mixed developments among the indices in the trading session on Tuesday as investors tried to revive the market. Specifically, the S&P 500 index increased 0.45%, reaching 5,495.52 points. The Nasdaq index increased 0.84%, reaching 17,025.88 points. In contrast, the Dow Jones index decreased 0.23%, closing the session at 40,736.96 points.

On the US Treasury bond situation yesterday september 10

The yield on the 10-year US Treasury bond maintained its sharp decline, down to 3.639%.

About the Dollar Index situation

In the economic and financial news, the Dollar Index continued to increase by 0.11%, reaching 101.66 points.

About Gold Situation

Regarding the world gold price today, it continued to increase slightly with spot gold increasing by 10 USD, to 2,517.9 USD/ounce. Gold futures last traded increased by 11.4 USD compared to early this morning, reaching 2,545.8 USD/ounce.

Regarding the commodity trading market situation, some notable developments

Oil prices fell to a three-year low on Tuesday as OPEC cut its forecast for oil demand this year and next. Brent crude fell $2.65, or $3.691, to $69.19 a barrel, the lowest since December 2021. WTI crude fell $2.96, or $4.311, to $65.75 a barrel.

Source: SFVN – Commodity investment with experts

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