Stock Market Update
16-Jul-24 14:00 ET
Gold higher amid growing rate cut sentiment
Dow +619.37
at 40831.09,
Nasdaq -36.12
at 18436.45,
S&P +18.19
at 5649.41
[BRIEFING.COM] With about two hours to go on Tuesday the tech-heavy Nasdaq Composite (-0.20%) is the sole decliner among the major averages, weaker as investors rotate further out of tech stocks.
Gold futures settled $38.90 higher (+1.6%) to $2,467.80/oz, hitting an all-time high earlier in the session at $2,470.20 as sentiment brewed about a rate cut soon.
Meanwhile, the U.S. Dollar Index is up about +0.1% to $104.33.
