Dow Jones hits new record high in August as stocks rally

27/08/2024 Argaam Exclusive
US stocks rallied on Tuesday as 2-year Treasury yields fell, driven by economic data showing stronger consumer confidence and reduced risks of higher inflation and economic slowdown.
Name
 
Price
Change (value)
Change (%)
DOW JONES
41,250.50
9.98
0.02 %
NASDAQ
17,754.82
29.05
0.16 %
S&P 500
5,625.80
8.96
0.16 %
Frankfurt
18,681.81
64.79
0.35 %
Paris
7,565.78
(24.59)
(0.32 %)
FTSE 100
8,345.50
17.70
0.21 %
Hong Kong
17,874.67
75.94
0.43 %
Tokyo
38,288.62
178.40
0.47 %
India
81,711.76
13.65
0.02 %
Details

The Dow Jones Industrial Average closed at a record high for the second time in August, gaining around 10 points to reach 41,250 after dipping to 41,109 points. 

 

S&P 500 rose 0.15%, or 8 points, to 5,625 points, while the Nasdaq Composite inched up 0.15%, or 29 points, to end the day at 17,754 points. 

 

As for the European indices, STOXX Europe 600 advanced 0.15% to 518.8 points, its highest level since July 12 (524 points). 

 

CAC 40 slipped 0.3% to 7,565 points. DAX 40 increased 0.35% to 18,681 points, and FTSE 100 gained 0.2% to 8,345 points.  

 

In Japan, the Nikkei 225 rose 0.45% to 38,288 points. TOPIX advanced 0.75%, to 2,680 points. 

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
79.55
(1.88)
(2.31 %)
Nymex
75.53
(1.89)
(2.44 %)
Gold
2,552.90
(2.30)
(0.09 %)

 In the oil market, futures contracts for Brent crude for October delivery declined by 2.3%, or $1.88, to $79.55 per barrel. 

 

Meanwhile, prices of West Texas Intermediate (WTI) crude oil for October delivery fell 2.45%, or $1.89, to $75.53 per barrel. 

   

As for gold, futures prices for the yellow metal for December delivery inched down 0.1%, or $2.3 to $2,552 per ounce.  


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Name
 
Price
Change (value)Change (%)
Brent Crude Oil
71.73
(0.69) (0.95 %)
Nymex
67.95
(0.77) (1.12 %)
Natural Gas
2.72
(0.07) (2.46 %)
Gold
2,568.01
3.16 0.12 %
Silver
30.67
0.09 0.30 %
High Grade Copper
4.15
0.06 1.51 %
Iron Ore
105.09
1.18 1.12 %
Aluminum
2,606.50
131.75 5.32 %
LEAD
1,986.00
25.00 1.27 %
Zinc
3,020.00
86.50 2.95 %
Steel
710.00
13.00 1.87 %
Wheat (CBOT)
551.00
2.60 0.47 %
Corn (CBOT)
419.00
0.00 0.00 %
Coffee (ICEUS)
279.45
0.20 0.07 %
Whole Milk Powder
3,662.50
(1,000.00) (27.30 %)
Skim Milk Powder
2,737.50
0.00 0.00 %
Refining margins
4.80
(0.23) (4.57 %)
VLCC "Spot"
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