The Dow closed up 144.26 points, oil and gold fell.

August 7, 2021

286

economy

07 August 2021 – 07:26

The Dow closed up 144.26 points, on the back of employment numbers, while WTI oil dropped 81 cents, gold tumbled $45.80.

The atmosphere of investing in the US stock market last night (August 6) The Dow closed a record high. As investors responded to the disclosure of stronger-than-expected US non-farm payrolls.

The US Department of Labor reported that Non-farm payrolls rose 943,000 in July. That was higher than analyst expectations of 845,000 jobs from 938,000 in June.

The Dow closed at 35,208.51, up 144.26, or +0.41%.
The Nasdaq closed at 14,835.76 points, down 59.36 points, or -0.40%.
The S&P500 closed at 4,436.52 points, up 7.42 points, or +0.17%.

The West Texas Intermediate (WTI) crude futures in New York closed negative last night. As investors are worried about the prospects for oil demand amid the rapid spread of the coronavirus disease (COVID-19). Delta species

WTI crude oil contract for delivery in September It was down 81 cents, or 1.2%, at $68.28 a barrel. Brent crude oil contract (BRENT) for delivery in Oct. It was down 59 cents, or 0.8%, at $70.70 a barrel.

The New York gold futures closed lower last night. As investors sell gold contracts as a safe haven asset. After the United States released its employment data for July, the increase was more than expected.

Gold contract on COMEX (Commodity Exchange) for delivery in Dec. It fell $45.80, or 2.53%, to close at $1,763.10 an ounce.