Economic News September 16, 2024
16 thg 9, 2024
U.S. Stock Market Situation as of the Weekend Ending September 13
The U.S. stock market continued its strong rally on Friday, as investors remained optimistic that the Federal Reserve would cut interest rates in the upcoming week. Specifically, the S&P 500 index rose by 0.54%, reaching 5,626.02 points. The Nasdaq index increased by 0.65%, hitting 17,683.98 points. The Dow Jones index went up by 0.72%, closing at 41,393.78 points.
U.S. Treasury Bonds Situation on September 15
The yield on the 10-year U.S. Treasury bond slightly declined, falling to 3.652%.
Dollar Index Situation
The Dollar Index began the new week at 101.11 points.
Gold Market Situation
The global gold price today is trending downward, with spot gold decreasing by $3.2 compared to the closing level of the previous week, down to $2,575.5 per ounce.
Commodity Trading Market Situation
At the end of Friday's trading session, oil prices slightly declined by 0.5% as crude oil production in the Gulf of Mexico recovered after the hurricane. Specifically, Brent oil prices fell by 36 cents, or 0.5%, to $71.61 per barrel. WTI oil prices dropped by 32 cents, or 0.5%, to $68.65 per barrel.
Source: Multiple sources
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