Stock Market Update
29-Aug-24 14:00 ET
Gold higher as markets prepare for rate cut
Dow +468.70
at 41560.12,
Nasdaq +165.38
at 17721.40,
S&P +44.09
at 5636.27
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.94%) is in second place on Thursday afternoon, up about 165 points.
Gold futures settled $22.50 higher (+0.9%) to $2,560.30/oz, the yellow metal stronger following this morning's pleasing economic data and as markets brace for an all-but guaranteed Fed cut in September.
Meanwhile, the U.S. Dollar Index is up about +0.2% to $101.34.
