Stock Market Update
17-Dec-25 14:00 ET
Gold rallies 1% as soft labor data boosts Fed cut expectations
Dow -199.35
at 47914.70,
Nasdaq -341.21
at 22770.28,
S&P -68.03
at 6732.22
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-1.48%) is in last place among the major averages on Wednesday afternoon, down 341 points.
Gold futures settled $41.60 higher (+1.0%) at $4,373.90/oz, as softer U.S. labor data and a weaker dollar reinforced expectations for further Fed rate cuts, keeping real yields low and boosting demand for non-yielding bullion. Safe-haven interest and broader strength across precious metals also supported prices ahead of key upcoming inflation data.
Meanwhile, the U.S. Dollar Index is now up about +0.2% to $98.38.
