Stock Market Update
11-Dec-24 13:55 ET
Gold surges 1.4% to as Fed rate cut sentiment gains momentum
Dow +5.87
at 44253.70,
Nasdaq +351.28
at 20038.06,
S&P +54.28
at 6089.19
[BRIEFING.COM] With about two hours to go on the session the tech-heavy Nasdaq Composite (+1.78%) holds a commanding lead among its counterparts; as a reminder, the November Treasury budget is due out at the top of the hour.
Gold futures settled $38.30 higher (+1.4%) to $2,756.70/oz, pushing week-to-date gains above +3.6% now, as steady inflation data fuels rise in Fed rate cut sentiment.
Meanwhile, the U.S. Dollar Index is up about +0.2% to $106.63.
