Rise in US stocks

Rise in US stocksUS stocks closed higher at the end of Tuesday’s trading, with indices moving upwards.
Gains were recorded in the communications, technology, and healthcare sectors
.

 

Content:

Rise in US Indices

Decline in Oil Prices

Fluctuation in Gold Prices

 

 

 

Rise in US Indices

US stocks closed higher at the end of Tuesday’s trading, with indices moving upwards,
recording gains in the communications, technology, and healthcare sectors.
At the end of trading in New York, the Dow Jones Industrial Average rose by 0.36%,
the S&P 500 index strengthened by 0.15%, and the Nasdaq index rose by about 0.15%.

 

Decline in Oil Prices

Crude oil futures witnessed a decline during the trading session in the US on Tuesday.
According to the New York Mercantile Exchange, crude oil contracts for July
were traded at $73.31 per barrel, marking a decline of 1.23%.
The US Dollar Index contracts, which measure the performance of the US dollar
against a basket of six other major currencies, rose by 0.01% to $104.07.
At the same time, Brent oil prices for August decreased by 1.03% to $77.55 per barrel,
with a price difference of $4.24 per barrel between Brent and crude oil.

 

 

 

 

Fluctuation in Gold Prices

Global gold prices increased during Wednesday’s trading, supported by the decline in Treasury yields.
However, prices remained within a narrow range, and more US data
is awaiting to determine the Federal Reserve’s next move on monetary policy.
Ten-year Treasury yields remained near their lowest levels in three weeks,
achieved on Tuesday, making gold bullion more attractive to investors.
The key data awaited is the non-manufacturing PMI report from the Institute for Supply Management.
The ideal scenario for gold is to see the index slightly below the 50-point level,
as this aligns with the “soft landing” scenario that the Federal Reserve aims to achieve.

 

Rise in US stocks