Stock Market Update
15-May-26 14:00 ET
Gold slips on stronger dollar and higher yields after hot inflation data and Trump–Xi summit
Dow -438.41
at 49625.05,
Nasdaq -220.47
at 26414.75,
S&P -55.43
at 7445.81
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.83%) is in last place on Friday afternoon, down 220 points.
Gold futures settled $21.40 lower (-0.5%) at $4,685.30/oz, down about -3.6% on the week, pressured by a stronger U.S. dollar and rising Treasury yields after hotter inflation data reinforced expectations that the Federal Reserve could keep interest rates higher for longer. The decline also reflected reduced safe-haven demand as investors trimmed defensive positions following the Trump/Xi summit and shifted focus back toward inflation and rate concerns.
Meanwhile, the U.S. Dollar Index is up about +0.4% to $99.24.
