Stock Market Update
09-Dec-24 14:00 ET
Gold hits two-week high on renewed Chinese buying and Fed rate cut sentiment
Dow -72.80
at 44569.72,
Nasdaq -64.70
at 19794.61,
S&P -21.05
at 6069.22
[BRIEFING.COM] With about two hours to go on Monday the tech-heavy Nasdaq Composite (-0.33%) is in second place among the major averages.
Gold futures settled $26.20 higher (+1.0%) to $2,685.80/oz, hitting a two-week high, driven by renewed buying from China's central bank after a six-month hiatus and expectations of a U.S. Federal Reserve interest rate cut next week.
Meanwhile, the U.S. Dollar Index is narrowly higher, up less than +0.1% to this point on the day.
