Stock Market Update
27-Dec-24 14:00 ET
Gold futures slide amid rising treasury yields and lingering rate hike concerns
Dow -374.88
at 42950.92,
Nasdaq -322.14
at 19736.71,
S&P -73.23
at 5964.06
[BRIEFING.COM] With about two hours to go on the week the tech-heavy Nasdaq Composite (-1.61%) is today's top lagging average.
Gold futures settled $22.00 lower (-0.8%) to $2,631.90/oz, ending up -0.5% on the week amid thin holiday trading. A lid was kept on losses, supported by safe-haven demand due to geopolitical tensions but were limited by expectations of a more hawkish Federal Reserve and fewer interest-rate cuts in 2025.
Meanwhile, the U.S. Dollar Index is down about -0.1% to $108.03.
