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This is how the markets closed last week

The Dow Jones Industrial Average closed higher. Bank stocks rallied on rising interest rates, while the S&P500 and Nasdaq closed lower under pressure from Tesla and other technology stocks after the release of non-farm payrolls data. The better-than-expected U.S. jobs data left investors worried that the U.S. Federal Reserve (Fed) could accelerate further rate hikes to contain inflation at its highest level in decades.

  • The Dow Jones Industrial Average closed at 32,803.47, up 76.65, or +0.23%.
  • The S&P 500 index closed at 4,145.19, down 6.75, or -0.16%.
  • The Nasdaq index closed at 12,657.56 points, down 63.02 points, or -0.50%.

Crude oil futures closed higher on Friday (Aug. 5), helped by stronger-than-expected U.S. jobs data. Last week, however, crude oil futures had continued to fall sharply due to concerns about the global economic slowdown.

  • WTI crude futures were up 47 cents, or 0.5%, at $89.01 a barrel.
  • BRENT crude futures were up 80 cents, or 0.9%, at $94.92 a barrel.

The gold contract fell as it came under pressure from a stronger dollar and rising bond yields after U.S. non-farm payrolls data for July beat expectations.

  • The gold contract fell $15.7, or 0.87%, to $1,791.2 an ounce. However, gold futures rose 0.5% this week.
  • Silver was down 28 cents, or 1.39%, at $19.842 an ounce.
  • The platinum was down 20 cents, or 0.02%, at $924.7 an ounce.
  • The palladium was up $51.20, or 2.5 percent, at $2,128.70 an ounce.

The U.S. dollar strengthened against a basket of major currencies as investors reacted to better-than-expected U.S. jobs data. This could be a factor prompting the Federal Reserve (Fed) to raise interest rates.

  • The dollar index against the six major currencies in a basket of currencies rose 0.88% to 106.6190.
  • The dollar strengthened against the yen at 135.06 yen from 132.91 yen.
  • The dollar strengthened against the Swiss franc at 0.9618 francs from 0.9546 francs.
  • The dollar was higher against the Canadian dollar at 1.2935 Canadian dollars from 1.2851 Canadian dollars.
  • The euro was lower against the US dollar at $1.0178 from $1.0252.
  • The pound fell to $1.2067 from $1.2174.
  • The Australian dollar fell to $0.6912 from $0.6981.

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