Stock Market Update
16-Oct-24 14:00 ET
Gold higher amid yield weakness, geopolitical tensions
Dow +235.25
at 42975.67,
Nasdaq +28.18
at 18343.77,
S&P +17.39
at 5832.65
[BRIEFING.COM] With about two hours to go on Wednesday the tech-heavy Nasdaq Composite (+0.15%) is at the bottom of the major averages.
Gold futures settled $12.40 higher (+0.5%) to $2,691.30/oz, as bond yield weakness, rate cut expectations, and geopolitical tensions drive gains.
Meanwhile, the U.S. Dollar Index is up about +0.3% to $103.53.
