Stock Market Update
05-Mar-26 14:00 ET
Gold Falls 1.1% as Stronger Dollar, Higher Yields Weigh on Bullion Demand
Dow -1046.60
at 47691.70,
Nasdaq -290.33
at 22517.17,
S&P -91.70
at 6779.79
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-1.27%) is down 290 points on Thursday afternoon, hosting the shallowest declines on an otherwise decidedly lower session.
Gold futures settled $56.00 lower (-1.1%) at $5,078.70/oz, as a stronger U.S. dollar and higher Treasury yields dampen demand for the non-yielding metal. The move comes as rising oil prices tied to escalating Middle East tensions fuel inflation concerns and temper expectations for near-term Federal Reserve rate cuts.
Meanwhile, the U.S. Dollar Index is higher by about +0.5% to $99.27.
