U.S. Stock Market Situation on September 9

The U.S. stock market posted strong gains in Monday's trading session as investors looked for bargains following last week's sell-offs. Specifically, the S&P 500 index rose by 1.16%, reaching 5,471.05 points. The Nasdaq index increased by 1.16%, closing at 16,884.6 points. The Dow Jones index gained 1.2%, ending the session at 40,829.59 points.

U.S. Treasury Bonds Situation on September 9

The 10-year U.S. Treasury bond yield saw a sharp decline, dropping to 3.704%.

Dollar Index Situation

The Dollar Index rose by 0.43%, reaching 101.61 points as expectations for aggressive rate cuts by the Fed next week diminished.

Gold Situation

Global gold prices edged higher today, with spot gold increasing by 6.5 USD to 2,507.9 USD/ounce. Gold futures last traded up by 8.7 USD compared to early yesterday, reaching 2,534.5 USD/ounce.

Commodity Market Situation, Notable Developments

At the close of Monday’s session, oil prices rose by around 1% amid concerns over oil supply disruptions due to severe weather. Specifically, Brent crude oil prices rose by 78 cents, or 1.1%, to 71.84 USD/barrel. WTI crude oil prices increased by 1.04 USD, or 1.5%, to 68.71 USD/barrel.

Source: Multiple sources