US stocks end lower, record monthly, semi-annual gains

28/06/2024 Argaam Exclusive

US indices lost steam on the last session of June amid a wave of selloffs and a rise in the US Treasury yields.

International Market

The Dow Jones Industrial Average fell by 0.1%, or 45 points, to settle at 39,118 points, recording weekly and interim losses of 0.1% and 1.75%, respectively, but achieving monthly and semi-annual gains of 1.1% and 3.8%, in a row.

                    

The S&P 500 index dropped by 0.4%, or 22 points, to 5,460 points, with weekly losses of 0.1%, and monthly, interim, and semi-annual gains of 3.45%, 3.9%, and 14.5%, in a row.

 

The Nasdaq Composite Index lost 0.7%, or 126 points, to 17,732 points, but recorded weekly, monthly, and interim gains of 0.25%, 5.95%, and 8.25%, respectively.

 

As for European markets, the STOXX Europe 600 inched down 0.25% to 511.4 points.

 

The British FTSE index declined by 0.2% to close at 8,164 points, the German DAX index fell 0.15% to 18,235 points, and the French CAC 40 index edged down 0.7% to 7,479 points.

 

The Nikkei index rose 0.6%, or 241 points, to 39,583 points, and the broader Topix index added 0.55% to 2,809 points.

The prices of Brent crude futures for August delivery stabilized at $86.41 a barrel, but recorded weekly, monthly, quarterly, and semi-annual gains of 1.35%, 6.55%, 1.25%, and 13.45%, respectively.

 

Meanwhile, the prices of US WTI crude futures for August delivery fell by 0.25%, or $0.20, to $81.54 per barrel, but recorded weekly, monthly, quarterly, and semi-annual gains of 1%, 6.25%, 0.8%, and 13.75%, respectively.

 

Regarding gold, futures prices for June August fell by 0.15%, or $3, to $2,339.6 per ounce.

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
84.88
1.15 1.37 %
Nymex
82.72
1.91 2.36 %
Natural Gas
2.02
(0.16) (7.38 %)
Gold
2,455.27
(13.43) (0.54 %)
Silver
30.20
(1.04) (3.32 %)
High Grade Copper
4.40
(0.05) (1.01 %)
Iron Ore
109.39
(0.28) (0.26 %)
Aluminum
2,364.75
1.75 0.07 %
LEAD
2,184.50
(3.00) (0.14 %)
Zinc
2,842.00
(50.50) (1.75 %)
Steel
670.00
(10.00) (1.48 %)
Wheat (CBOT)
538.50
7.60 1.43 %
Corn (CBOT)
411.25
2.60 0.64 %
Coffee (ICEUS)
243.15
(0.45) (0.18 %)
Whole Milk Powder
4,112.50
0.00 0.00 %
Skim Milk Powder
2,600.00
(62.50) (2.40 %)
Refining margins
5.99
(0.99) (14.18 %)
VLCC "Spot"
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LPG (mt) ($)
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Fujairah Fuel Pric (mt) ($)
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VLCC "TC/1Year" ($)
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MR Atlantic ($)
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Dry Bulk Panamax ($)
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