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Home » Business » Financial Market Review May 28 2024

Financial Market Review May 28 2024

image depicting the world, creatively blended with symbols of markets, currencies, and commodities across different continents.
By Jason Chang on May 28, 2024
Listen to our audio presentation: Buying a Business: Unconventional Wisdom

In today’s financial market summary (see tables below), notable movements were observed across major US indexes, commodities, and currency exchange rates. The Dow Jones Industrial Average (DJIA) experienced a decline of 0.55%, closing at 38,852.86, while the NASDAQ Composite Index also fell by 0.59% to end at 17,019.88. Contrasting these declines, the S&P 500 Index saw a minimal gain, inching up by 0.02% to 5,306.04. The Global Dow Realtime (GDOW), which tracks worldwide stock performance, decreased by 0.33%, finishing at 4,713.28.

In the commodities market, Gold showed a slight increase, closing at $2,358.50 with a 0.08% uptick. Crude Oil (West Texas Intermediate) also advanced, rising by 0.36% to $80.12 per barrel, indicating a modest strengthening in the commodities sector.

Currency fluctuations were relatively minor but noteworthy. The Euro saw a slight decrease to $1.0852, dropping by 0.05%. The Japanese Yen appreciated slightly by 0.12%, reaching ¥157.30. The British Pound and the Australian Dollar also experienced small movements, with the Pound decreasing by 0.05% to $1.2756 and the Australian Dollar increasing by 0.12% to $0.6657. The U.S. Dollar Index, a measure of the dollar against a basket of other major currencies, rose by 0.08% to 104.69, while the Wall Street Journal Dollar Index increased by 0.04% to 99.45, reflecting a marginal strengthening of the U.S. dollar.

Overall, the day’s financial indicators reflect a mixed landscape with variations across different sectors and currencies, providing investors and analysts with much to consider in the current economic climate.

US Indexes:

Index Value Change
DJIA 38,852.86 -0.55%
COMP 17,019.88 -0.59%
SPX 5,306.04 +0.02%
GDOW 4,713.28 -0.33%

Commodities:

Commodity Value Change
Gold $2,358.50 +0.08%
Crude Oil $80.12 +0.36%

Currencies:

Currency Value Change
Euro $1.0852 -0.05%
Japanese Yen ¥157.30 +0.12%
British Pound $1.2756 -0.05%
Australian Dollar $0.6657 +0.12%
U.S. Dollar Index 104.69 +0.08%
WSJ Dollar Index 99.45 +0.04%
  1. Global Market Overview May 23 2024
  2. Market Overview for May 22 2024
  3. Key Indices and Currency Movements for May 21 2024
  4. Market Overview May 24 2024
  5. Market Overview: Key Indices, Commodities, and Currency Movements

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