Stock Market Update
19-Mar-26 14:00 ET
Gold Slides as Hawkish Fed Lifts Yields, Dents Appeal of Non-Yielding Assets
Dow -365.49
at 45858.55,
Nasdaq -173.42
at 21979.01,
S&P -42.16
at 6584.53
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.78%) is in second place on Thursday afternoon, down 173 points.
Gold futures settled $290.50 lower (-5.9%) at $4,605.70/oz, as a hawkish Federal Reserve outlook pushed Treasury yields and the U.S. dollar higher, raising the opportunity cost of holding non-yielding assets. The selloff was amplified by macro repositioning and a flight to liquidity, with investors rotating into yield-bearing assets despite ongoing geopolitical tensions.
Meanwhile, the U.S. Dollar Index is down now about -0.9% to $99.38.
