ATFX ► Market Analysis ► Market Snapshot ► Daily Market Snapshot: US Stocks Fall, Treasury Yields and Dollar Gain – 19 July 2024

Daily Market Snapshot: US Stocks Fall, Treasury Yields and Dollar Gain – 19 July 2024

US Stock markets were hit again in trading yesterday with the Dow joining in this time to fall off record highs and lead the way down, losing over 1% on the day. US Treasury yields and the dollar gained back some of their recent lost ground as US data came in better than expected.

Oil markets traded in a relatively tight range with both Brent and WTI closing close to flat, and Gold dropped again from recent record levels.

It is a quieter macroeconomic data calendar today with Retail Sales data in the UK and Canada the standouts, however newswires again look set to have a bigger influence on direction into the weekend.

Market	Change	Close
Dow	-1.29%	40,668
S&P	-0.77%	5,545
Nasdaq	-0.70%	17,871
USD	+0.49%	104.18
US Treasury – 2 Year	+3.4 bps	4.463%
US Treasury – 10 Year	+4.4 bps	4.190%
Oil – Brent	+0.05%	$85.11
Oil – WTI	-0.04%	$82.82
Gold	-0.54%	$2,445

Today’s Events:

European Session

4.00 pm – UK – Retail Sales Data

US Session

10.30 pm – Canada – Retail Sales Data

12.40 am – US – FOMC Member Williams Speaks

Last Updated: July 19, 2024

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