top of page

Economic News September 09, 2024

9 thg 9, 2024

U.S. Stock Market Situation at the End of Last Week on September 6

The U.S. stock market saw a sharp decline on Friday as a weak jobs report prompted investors to sell off tech stocks. Specifically, the S&P 500 index dropped by 1.73%, closing at 5,408.42 points. The Nasdaq index slid 2.55%, down to 16,690.83 points. The Dow Jones index fell by 1.01%, ending the session at 40,351.41 points.


U.S. Treasury Bonds Situation on September 8

The 10-year U.S. Treasury bond yield reversed course and increased, reaching 3.734%.


Dollar Index Situation

The Dollar Index started the new week at 101.19 points.


Gold Situation

Global gold prices today are trending upward, with spot gold rising by 3.2 USD compared to the closing level last week, reaching 2,501.4 USD/ounce.


Commodity Market Situation

At the close of Friday's session, oil prices fell by more than 2% after the U.S. jobs report came in weaker than expected. Specifically, Brent crude oil prices dropped by 1.63 USD, or 2.24%, to 71.06 USD/barrel - the lowest level since December 2021. WTI crude oil prices fell by 1.48 USD, or 2.14%, to 67.67 USD/barrel - the lowest since June 2023.

Source: Multiple sources

Related Posts

Copper prices also moved higher amid concerns that the metal could become the next target in the ongoing trade war.

Economic Highlights 13.02.2025: Fearing it could be the next product to face tariffs, copper prices surged.

13 tháng 2, 2025

Powell emphasized that the Fed is in no rush to ease monetary policy, citing a strong economy and a solid labor market.

Economic Highlights 12.02.2025: Markets Fluctuate Following Fed Chair's Speech

12 tháng 2, 2025

Global aluminum trade is also expected to adjust accordingly.

Economic Highlights 11.02.2025: Metal Markets Turbulent Amid Trump's New Tariffs

11 tháng 2, 2025

Related Post

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

bottom of page