Stock Market Update
03-Jun-24 14:00 ET
Gold rises following weak ISM Manufacturing PMI
Dow -322.30
at 38364.02,
Nasdaq +3.61
at 16738.64,
S&P -20.94
at 5256.57
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.02%) is clinging to narrow gains as the markets host a split card on Monday afternoon.
Gold futures settled $23.50 higher (+1.0%) to $2,369.30/oz, aided by this morning's weaker-than-expected ISM Manufacturing PMI for May which has served to reinvigorate rate cuts bets.
Meanwhile, the U.S. Dollar Index is down about -0.5% to $104.20.
