US stocks continue to hit new highs amid risks of a global trade war.
Economic and financial news on the US stock market last night, November 26: The two major indexes, the Dow Jones and the S&P 500, both hit new records. The Dow Jones rose 0.28% to 44,860.31 points. The S&P 500 rose 0.57% to 6,021.63 points. The Nasdaq Composite rose 0.63% to 19,174.30 points.
As of 12:30, the USD had slightly decreased to 106.84 points. The yield on 10-year US Treasury bonds also decreased to 4.299%.
Last night, the gold price also traded stably, closing the session on November 26, the spot gold contract stopped at 2,626.83 USD/ounce. The gold futures contract increased slightly by 0.1% to 2,621.30 USD/ounce.
In contrast to gold prices, the January 2025 silver contract increased by 0.6% to $30,567/troy ounce. However, the price of platinum fell sharply by 1.5% to $929.9/troy ounce. The price of copper also decreased by 1.1% to $4,075/pound.
Financial economic news on metal prices The stock market fell sharply amid reports that Trump plans to impose tariffs of $251 billion on all goods from Canada and Mexico, raising concerns about a global trade war that would hurt economic growth. Earlier, Trump also announced tariffs of $601 billion on imports from China.
According to Channel 12, Israel's security cabinet has agreed to a ceasefire deal with Lebanon.
This has affected world oil prices. At the end of the session on November 26, Brent oil contract decreased by 0.3% to 72.79 USD/barrel. WTI oil contract decreased by 0.29% to 68.74 USD/barrel.
