Stock Market Update
06-Jul-26 14:00 ET
Gold climbs 1% on weak jobs data as Fed rate-cut hopes strengthen
Dow +21.71
at 52921.78,
Nasdaq +233.67
at 26087.34,
S&P +46.38
at 7529.62
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.90%) is 234 points higher this afternoon, leading gains among the major averages.
Gold futures settled $41.80 higher (+1.0%) at $4,167.50/oz, after weaker-than-expected June U.S. jobs data strengthened expectations that the Federal Reserve could take a more cautious approach to interest rates. Lower oil prices also supported bullion by easing inflation concerns, while investors awaited Wednesday's Fed meeting minutes for additional policy signals.
Meanwhile, the U.S. Dollar Index is less than +0.1% higher to $100.92.
