Stock Market Update

[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.12%) has dipped into the red in the last half hour after headlines crossed that the FBI warned California law enforcement that Iran had allegedly aspired to launch a surprise drone attack from a vessel off the U.S. West Coast targeting unspecified locations in the state if the U.S. conducted strikes against the country. The bulletin noted authorities lack details on timing or targets but highlighted growing concern that drones could be used for retaliatory attacks tied to the escalating U.S./Iran conflict.

Gold futures settled $63 lower (-1.2%) at $5,179.10/oz, pressured by a stronger U.S. dollar and higher Treasury yields as investors reassess the outlook for Federal Reserve interest rates following recent economic data. The pullback comes after gold's recent surge, with some traders taking profits while weighing persistent geopolitical tensions that continue to support safe-haven demand.

Meanwhile, the U.S. Dollar Index is up about +0.3% to $99.25.