Stock Market Update
11-Jul-24 13:55 ET
Gold jumps as CPI data comes in cooler than expected
Dow +33.69
at 39755.05,
Nasdaq -387.74
at 18259.71,
S&P -55.80
at 5578.11
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-2.08%) is near lows of the session in recent trading, down more than 385 points, ahead of the June treasury budget, which is due at the top of the hour.
Gold futures settled $41.40 higher (+1.7%) to $2,421.10/oz, firmly higher amid a drop in yields and the greenback in reaction to this morning's cooler-than expected CPI data.
Meanwhile, the U.S. Dollar Index is down about -0.5% to $104.46.
