Stock Market Update
20-Dec-24 14:00 ET
Gold rallies on Friday to $2,608 as dollar declines, but hawkish Fed drives weekly losses
Dow +687.50
at 43029.74,
Nasdaq +305.51
at 19716.77,
S&P +88.55
at 5955.33
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+1.58%) is now in second place with about two hours to go on Friday.
Gold futures settled $37 higher (+1.4%) to $2,608.10/oz, ultimately down -1.1% this week; Friday gains were aided by dollar declines, but hawkish Fed cements weekly losses.
Meanwhile, the U.S. Dollar Index falls about -0.6% to $107.77.
