The US Stock Market and Commodity Groups Remain Cautious Amid Potentially Volatile Events This Week Involving the US and China

US Stock Market Update - November 4

At the close of trading, the Dow Jones dropped by 0.61% to 41,794.6 points. The S&P 500 declined 0.28% to 5,712.69 points, while the Nasdaq Composite fell 0.33% to 18,179.98 points.

The results of the US Presidential Election on November 5 and the Fed's interest rate decision on November 7 are key events investors are closely monitoring. Additionally, China is holding a major conference this week, where policy decisions related to economic stimulus packages may be announced. Economic issues are expected to be a focal point at the National People's Congress Standing Committee meeting taking place from November 4-8.

US Treasury Bonds

The yield on US Treasury bonds adjusted slightly, hovering around 4.31% on the morning of November 5.

Dollar Index

The US Dollar Index (DXY), which measures the dollar's strength against a basket of currencies, decreased to 103.89 points.

Gold Market

By the close of trading on November 4, spot gold increased by 0.05% to $2,736.49 per ounce. Gold futures closed at $2,746.90 per ounce.

Commodities Market

• Crude Oil: On November 4, Brent crude futures surged by 2.71% to $75.08 per barrel, while WTI crude climbed 2.85% to $71.47 per barrel. Last week, OPEC+ extended its production cut plans.

• Precious Metals and Copper:

  • December silver futures fell by 0.2% to $32.609 per troy ounce.

  • January 2025 platinum futures dropped 1.2% to $990.5 per troy ounce.

  • In contrast, copper futures rose by 1.4% from last week, reaching $4.4315 per pound.

Source: Compiled Data