Stock Market Update
08-Jan-25 13:55 ET
Markets retreat ahead of FOMC Minutes, gold rises as weak job data sparks rate cut hopes
Dow -101.00
at 42427.36,
Nasdaq -69.97
at 19419.70,
S&P -14.41
at 5894.62
[BRIEFING.COM] The markets have retreated quickly, the Nasdaq Composite (-0.36%) now down 70 points ahead of the FOMC's Minutes from its December meeting at the top of the hour.
Gold futures settled $9.60 higher (+0.4%) to $2,675/oz, reaching a near four-week high as weak job data fuels hopes for rate cuts.
Currently, the U.S. Dollar Index is up about +0.4% to $109.08.
