Economic News June 25, 2024
25 thg 6, 2024
U.S. Stock Market Situation
U.S. stocks moved in mixed directions on Monday as investors sold large technology stocks to shift into other sectors such as banking and energy. The S&P 500 fell 0.31%, ending the session at 5,448 points. The Nasdaq Composite dropped 1.09% to 17,497 points, marking its worst trading session since April. Meanwhile, the Dow Jones increased by 261 points, or 0.67%, closing at 39,411 points.
U.S. Treasury Bonds Situation
The yield on the 10-year U.S. Treasury bond continued to decline, falling to 4.238%.
Dollar Index Situation
The U.S. dollar slipped from its 8-week high against the yen on Monday, as traders grew cautious about potential government intervention to support the Japanese currency after it hit 160. The Dollar Index decreased by 0.31% from the previous day, settling at 105.49.
Gold Situation
Gold prices rose globally, with spot gold increasing by 11.1 USD to 2,334.3 USD/ounce. Futures gold traded up 16 USD from the early morning, reaching 2,347.2 USD/ounce.
Commodity Markets Situation
At the end of the first trading session of the week, oil prices rose by about 1% due to strong demand expectations for the summer, supply concerns driven by tensions in the Middle East and the Russia-Ukraine conflict, and the weakening of the USD. Brent crude increased by 77 cents, or 0.9%, to 86.01 USD/barrel. WTI crude rose by 90 cents, or 1.1%, to 81.63 USD/barrel.
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