July 24th, 2020

Summary

The S&P 500 finished the day 0.62% lower. European stocks fell by 1.70%. Asian equities were down by 0.25%.  Domestic bond yields decreased from 0.585% to 0.582% and German bonds rose to -0.446%. The Japanese 10-year bond fell to 0.017%. Gold gained 0.54% and the US Dollar fell 0.30%. Increasing demand for certain industries has boosted job growth in retail industries, logistics, and financial-services.

Domestic Market Indices

  • The Dow Jones Industrial Average* was down 182 points or 0.68% to 26,469.89

  • The Standard & Poor's 500 Index was down 20 points or 0.62% to 3,215.63

  • The NASDAQ Composite Index was down 98 points or 0.94% to 10,363.18

International Market Indices

  • The STOXX Europe 600 Index was down 6 points or 1.70% to 367.29

  • The Asia Dow Index was down 8 points or 0.25% to 3,236.25

  • The MSCI EM Latin America Index was down 48 points or 2.25% to 2,067.52 (as of July 23rd)

Bond Rates

  • The U.S. 10-year Bond yield fell to 0.582%

  • The Germany 10-year Bond yield rose to -0.446%

  • The Japan 10-year Bond yield fell to 0.017%

Commodity Markets

  • Gold (Continuous Contract) rose 10.20 to $1,900.20 or up 0.54%

  • Crude Oil WTI (NYM $/bbl) rose 0.15 to $41.22 or up 0.37%

Currency Markets

  • The US Dollar fell $0.28 or 0.30% to $94.41

  • The Euro rose $0.0048 or 0.41% to $1.1646

  • The Pound rose $0.0047 or 0.37% to $1.2788

  • The Bitcoin fell $3.13 or 0.03% to $9,590.57