Stock Market Update
14-May-25 14:00 ET
Gold drops 1.8% as easing U.S.-China trade tensions weaken safe-haven demand
Dow -99.16
at 42041.27,
Nasdaq +105.75
at 19115.83,
S&P +2.95
at 5889.50
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.56%) is in first place on Wednesday afternoon, up about 105 points.
Gold futures settled $59.50 lower (-1.8%) at $3,188.30/oz, attributed in part to easing U.S.-China trade tensions, which diminished gold's appeal as a safe-haven asset. The U.S. government's decision to reduce tariffs on low-value Chinese imports and ongoing trade negotiations fostered market optimism, leading investors to shift toward riskier assets.
Meanwhile, the U.S. Dollar Index is narrowly lower at $100.95.
