Stock Market Update

[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.20%), along with its counterparts, has shaved a bit off levels from half an hour ago as headlines crossed that Canada caught the ire or President Trump once again as he deemed it necessary to terminate trade discussions with Canada due to the country's 400% tariff on dairy products and digital services tax.

Gold futures settled $60.50 lower (-1.8%) at $3,302.30/oz, extending their weekly loss to -2.5% as easing geopolitical tensions and renewed U.S./China trade optimism dampened safe-haven demand. Despite expectations for Fed rate cuts later this year, high real yields and soft U.S. spending data pressured prices further.

Meanwhile, the U.S. Dollar Index is up +0.2% today to $97.45.