Stock Market Update
14-Aug-24 14:00 ET
Gold dips as CPI data adds to rate cut fire
Dow +259.65
at 40025.29,
Nasdaq -56.92
at 17130.69,
S&P +7.89
at 5442.32
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.33%) is still slightly in the red, underperforming this afternoon.
Gold futures settled $28.70 lower (-1.1%) to $2,479.70/oz, dipping notably after this morning's CPI reading fed into the sentiment is that a September rate cut is in the cards.
Meanwhile, the U.S. Dollar Index is up less than +0.1% to $102.58.
