Stock Market Update

[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.24%) is atop the standings, albeit near afternoon lows, with about two hours to go on Friday.

Gold futures settled $32.70 lower (-1.3%) to $2,527.60/oz, down about -0.7% on the week, as the dollar and treasury yields hold decent gains after this morning's inflation readings which meshed nicely with the market's prevailing view that the U.S. economy will be able to avoid a hard landing and that the Fed will cut its policy rate because inflation is moving back toward the 2% goal.

Meanwhile, the U.S. Dollar Index is up about +0.4% to $101.74.