Dow ends Tuesday’s session with new highest performance since June 2023

2024-07-17 04:08:05

(MENAFN) The Dow Jones Industrial Average closed at a new record high on Tuesday, marking its strongest daily performance since June 2023. The blue-chip index, which includes 30 major American companies, surged by an impressive 742 points, or 1.85 percent, finishing the day at 40,954. During the session, the index nearly reached the 41,000 mark, peaking at an all-time high of 40,988.81.

In addition to the Dow, the S&P 500 also saw gains, adding almost 36 points, or 0.64 percent, to close at 5,667. The Nasdaq composite followed suit with an increase of nearly 37 points, or 0.2 percent, ending at 18,509.

On the volatility front, the VIX index, often referred to as the fear index, rose by 0.53 percent to reach 13.19. Meanwhile, the yield on the 10-year U.S. Treasury fell by 1.7 percent, settling at 4.157 percent.

The dollar index experienced a slight uptick of 0.02 percent, reaching 104.22, while the euro edged up by 0.07 percent against the dollar, trading at USD1.0901.

In the commodities market, precious metals saw notable increases, with gold rising by 1.9 percent to USD2,467 per ounce and silver gaining 2 percent to USD31.30. Conversely, oil prices experienced a decline of around 1.2 percent, with Brent crude trading at USD83.84 per barrel and West Texas Intermediate at USD79.85.

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