Stock Market Update
12-Feb-26 14:00 ET
Gold Slides 2.9% to $4,948 as Strong U.S. Data Lifts Yields, Sparks Profit-Taking
Dow -463.05
at 49657.14,
Nasdaq -330.90
at 22735.59,
S&P -69.62
at 6871.84
[BRIEFING.COM] The Nasdaq Composite (-1.43%) is in last place on Thursday afternoon, down about 330 points.
Gold futures settled $150.10 lower (-2.9%) at $4,948.50/oz, as stronger-than-expected U.S. economic data dampened hopes for near-term Fed rate cuts, pushing the dollar and real yields higher. The sell-off was exacerbated by profit-taking and long liquidation after gold’s sharp run to record highs earlier this year, reducing safe-haven demand.
Meanwhile, the U.S. Dollar Index is now up less than +0.1% to $96.99.
