Dow closes down 348.58 points, oil rises, gold falls

economy

04 June 2022 – 07:28

The Dow closed down 348.58 points, while WTI oil rose $2, gold dropped to $1,850.20 an ounce.

The atmosphere of investing in the US stock market last night (June 3) The Dow closed negative. because investors are worried Stronger-than-expected US employment disclosures Will encourage the US Federal Reserve (Fed) to continue raising interest rates further.

The Dow closed at 32,899.70 points, down 348.58 points or -1.05%.
NASDAQ closed at 12,012.73 points, down 304.16 points, or -2.47%.
The S&P500 closed at 4,108.54 points, down 68.28 points, or -1.63%.

West Texas Intermediate (WTI) New York crude futures closed positive on Friday. This was driven by forecasts that OPEC’s decision to raise its oil production target slightly more than planned was It will not increase the amount of oil in the world market much. and the oil volume may be tight As oil demand tends to increase in China following the start of easing COVID-19 control measures

WTI crude oil contract for delivery in July It was up $2, or 1.7%, at $118.87 a barrel.

Brent crude oil contract (BRENT) for delivery in August. It was up $2.11, or 1.8%, at $119.72 a barrel.

The COMEX (Commodity Exchange) gold contract will be delivered in August. It was down $21.20 or 1.13% to close at $1,850.20 an ounce.

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