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2024.08.06:
On Thursday, the U.S. dollar index continued to rebound and stood firmly above the 103 mark, hitting a one-week high, as the number of initial jobless claims last week fell more than expected, easing people's concerns about the impending recession of the U.S. economy. However, it then fell back and finally closed up 0.04% at 103.21; U.S. Treasury yields rebounded sharply, with the benchmark 10-year Treasury yield returning to 4% at one point, closing at 3.997%, and the two-year Treasury yield returning to 4%, closing at 4.050%.
Spot gold continued to rise during the day, expanding its gains before the U.S. market, and stood above $2,420, up nearly $50 from the daily low, and finally closed up 1.86% at $2,427.12/ounce. Spot silver finally closed up 3.55% at $27.52/ounce.
Crude oil maintained its rebound as U.S. employment data eased demand concerns. WTI crude oil continued to rise before the U.S. market opened, and stood above $75, eventually closing up 0.69% at $75.15 per barrel; Brent crude oil eventually closed up 0.64% at $78.73 per barrel.
As recession concerns eased, the three major U.S. stock indexes collectively closed higher. The Dow Jones Industrial Average closed up 1.76%, the S&P 500 rose 2.3%, the largest single-day increase since November 2022, and the Nasdaq rose 2.87%. Star technology stocks generally rose, Intel (INTC.O) rose nearly 8%, Broadcom (AVGO.O) rose nearly 7%, Nvidia (NVDA.O) and TSMC (TSM.N) rose more than 6%, Apple (AAPL.O) and Microsoft (MSFT.O) rose more than 1%. The Nasdaq China Golden Dragon Index closed up 2.8%, Canaan Technology (CAN.O) rose nearly 10%, Baidu (BIDU.O) rose nearly 6%, NIO (NIO.N) and Xpeng Motors (XPEV.N) rose about 4%, and Alibaba (BABA.N) rose more than 3%.
European stock indices rose and fell, with the German DAX30 index closing up 0.37%; the British FTSE 100 index closed down 0.27%; and the European Stoxx 50 index closed up 0.01%.
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