Stock Market Update
02-Apr-25 14:00 ET
Gold slips $20 as tariff concerns weigh, despite weaker dollar
Dow +145.97
at 42135.93,
Nasdaq +124.61
at 17574.50,
S&P +25.64
at 5658.71
[BRIEFING.COM] With about two hours to go on Wednesday the tech-heavy Nasdaq Composite (+0.71%) is still atop the major averages, having consolidated a modest move lower over the past half hour.
Gold futures settled $20.20 lower (+0.6%) at $3,166.20/oz, driven by investor concerns about impending U.S. "reciprocal tariffs" set to be announced by President Donald Trump later today. The tariffs are expected to impact a wide range of imports and have heightened fears of escalating trade disputes and potential economic slowdown.
Meanwhile, the U.S. Dollar Index is down now about -0.4% to $103.85.
