Stock Market Update
13-Jan-25 13:55 ET
Nasdaq dips as dollar strengthens, gold retreats amid treasury yield pressure
Dow +268.95
at 42207.40,
Nasdaq -141.96
at 19019.67,
S&P -6.63
at 5824.03
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.74%) is today's top laggard among the major averages.
Gold futures settled $36.40 lower (-1.3%) to $2,678.60/oz, this as the U.S. dollar pushed to a two-year high aided in part by last week's strong jobs report that reinforced caution pertaining to the Fed's plans for rate cuts this year. The yellow metal is likely seeing some profit-taking as higher Treasury yields apply further pressure.
Currently, the U.S. Dollar Index is up about +0.2% to $109.83.
