Stock Market Update
29-Oct-25 13:55 ET
Nasdaq leads ahead of Fed decision; gold tops $4,000 on softer dollar, rate-cut bets
Dow +135.44
at 47841.60,
Nasdaq +142.97
at 23970.49,
S&P +14.91
at 6905.79
[BRIEFING.COM] With about two hours to go the tech-heavy Nasdaq Composite (+0.60%) holds the lead among the major averages; at the top of the hour the FOMC will make its policy decision, which is widely expected to result in another 25-basis point rate cut.
Gold futures settled $17.60 higher (+0.4%) at $4,000.70/oz, as traders positioned ahead of the Fed's expected rate cut and a softer dollar lifted demand for the metal. Lower Treasury yields and short-covering added support after prices briefly dipped below $4K earlier in the week.
Meanwhile, the U.S. Dollar Index is up less than +0.1% to $98.78.
