US Stock Market Situation on August 13

The US stock market continued its strong upward momentum on Thursday, driven by a report showing the Producer Price Index (PPI) increased by only 0.1% from the previous period. Specifically, the S&P 500 index rose by 1.68%, closing at 5,434.43 points. The Nasdaq index surged by 2.43%, reaching 17,187.61 points, while the Dow Jones index climbed by 1.04%, ending at 39,765.64 points.

US Treasury Bonds Situation on August 13

The yield on the 10-year US Treasury bond continued to decline, falling to 3.848%.

Dollar Index Situation

The Dollar Index decreased by 0.54%, settling at 102.60 points after US producer prices rose less than expected in July.

Gold Situation

Global gold prices reversed direction and declined today, with spot gold falling by 8.7 USD to 2,465.2 USD per ounce. Gold futures last traded down 4.3 USD from early morning, closing at 2,504.8 USD per ounce.

Commodity Market Situations

At the end of yesterday’s trading session, oil prices dropped by nearly 2 USD as investor concerns over potential conflicts in the Middle East eased, with no specific actions taken by Iran. Specifically, Brent crude oil fell by 1.61 USD, or 1.96%, to 80.69 USD per barrel, while WTI crude oil decreased by 1.71 USD, or 2.14%, to 78.35 USD per barrel.

Source: Multiple sources