Stock Market Update
25-Jul-24 14:00 ET
Gold sinks to multi-week lows
Dow +363.63
at 40217.30,
Nasdaq +98.92
at 17441.33,
S&P +32.79
at 5459.92
[BRIEFING.COM] With about two hours to go on Thursday the tech-heavy Nasdaq Composite (+0.57%) is in last place among the major averages, up about 99 points.
Gold futures settled $62.20 lower (-2.6%) to $2,353.50/oz, sinking to levels not seen since early July, as investors eye tomorrow's PCE reading for indications on a possible Fed interest rate cut.
Meanwhile, the U.S. Dollar Index is down about -0.1% to $104.28.
