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Daily Market Snapshot: US Stock Markets Finish Week on a High Note – 15 July 2024

US stock markets finished the week well on Friday after PPI data came in better than expected to round out a busy week. The dollar took another step back across the majors as the market continued to price in a September rate cut from the Fed and traders continue to look at Japan for intervention.

Markets are expected to start the week in a busy fashion today as traders digest the assassination attempt on former President Trump over the weekend with FX players expecting to see some gapping and excessive volatility once markets open.

Market	Change	Close
Dow	+0.65%	40,014
S&P	+0.57%	5,616
Nasdaq	+0.62%	18,397
USD	-0.41%	104.09
US Treasury – 2 Year	-2.6 bps	4.481%
US Treasury – 10 Year	+ 1 bps	4.202%
Oil – Brent	-0.45%	$85.03
Oil – WTI	-0.5%	$82.21
Gold	-0.15%	$2,411

Today’s Events:

Asian Session

Japan – Bank Holiday

12.00 pm – China – GDP and Industrial Production Data

US Session

10.30 pm – US – Empire State Manufacturing Index Data

2.00 am – US – Fed Chair Jermone Powell Speaks

Last Updated: July 15, 2024

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