Stock Market Update
14-Jan-25 13:55 ET
Gold edges higher as cooler inflation data boosts Fed rate-cut expectations
Dow +221.82
at 42518.94,
Nasdaq +42.93
at 19131.03,
S&P +19.63
at 5859.47
[BRIEFING.COM] With about two hours to go on Tuesday the tech-heavy Nasdaq Composite (+0.22%) has climbed out of losses from the previous half hour; the market expects the December Treasury Budget at the top of the hour, the release delayed by a day in part due to last week's holiday related to President Carter's funeral.
Gold futures settled $3.70 higher (+0.1%) to $2,682.30/oz as cooler U.S. inflation data fueled Fed rate-cut hopes.
Currently, the U.S. Dollar Index is down about -0.3% to $109.27.
