Stock Market Update
16-Jan-25 14:00 ET
Nasdaq dips as Gold hits 1-month high amid Fed rate cut speculation
Dow -119.43
at 43102.12,
Nasdaq -136.70
at 19374.53,
S&P -14.26
at 5939.27
[BRIEFING.COM] With about two hours to go on the penultimate session of the week the tech-heavy Nasdaq Composite (-0.70%) holds the steepest daily losses, probing session lows in the last half hour.
Gold futures settled $33.10 higher (+1.2%) to $2,750.90/oz, hitting a 1-month high as softer U.S. inflation data fueled Fed rate cut bets thus making the yellow metal a more attractive investment.
Currently, the U.S. Dollar Index is down about -0.1% to $109.01.
