Stock Market Update
02-Oct-25 14:00 ET
Gold pulls back from record highs as traders weigh Fed signals, stronger dollar
Dow +58.43
at 46499.32,
Nasdaq +74.82
at 22829.99,
S&P +2.60
at 6713.79
[BRIEFING.COM] With about two hours to go on Thursday the tech-heavy Nasdaq Composite (+0.33%) is in first place, up about 75 points.
Gold futures settled $29.40 lower (-0.8%) at $3,868.10/oz, as traders took profits after recent record highs and digested mixed signals on U.S. monetary policy. The Fed is still expected to cut rates soon amid weak private payrolls and a government shutdown, but cautious comments from policymakers cooled safe-haven demand.
Meanwhile, the U.S. Dollar Index is up about +0.2% to $97.89.
