Stock Market Update
28-Aug-24 14:00 ET
Gold loses ground as dollar, yields firm up
Dow -367.25
at 40883.25,
Nasdaq -197.09
at 17557.72,
S&P -60.51
at 5565.29
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-1.67%) is at the bottom of the major averages with about two hours to go on the session; trading has slid to session lows in recent action as the markets fall in tandem.
Gold futures settled $15.10 lower (-0.6%) to $2,537.80/oz, pressured by a rise in the dollar and yields.
Meanwhile, the U.S. Dollar Index is up about +0.6% to $101.17.
