Stock Market Update
13-Nov-25 14:00 ET
Gold slips 1.5% to $4,150 as yields rise, Fed rhetoric tempers rate-cut hopes
Dow -642.05
at 47612.56,
Nasdaq -575.71
at 22830.77,
S&P -108.61
at 6742.30
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-2.46%) is today's worst-performing major average, down 575 points.
Gold futures settled $63.40 lower (-1.5%) at $4,150.20/oz, as rising Treasury yields and hawkish Fed commentary dimmed hopes for near-term rate cuts, weakening demand for non-yielding assets. The drop also reflected profit-taking after this week's sharp rally, as investors reassessed bullish bets amid lingering macro uncertainty.
Meanwhile, the U.S. Dollar Index is down about -0.3% to $99.14.
