Stock Market Update
28-Aug-26 14:00 ET
Gold Slides Nearly 3% as Hawkish Fed Tone, Stronger Dollar Weigh
Dow -14.51
at 53554.93,
Nasdaq -109.96
at 26452.44,
S&P -17.62
at 7713.37
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.41%) is in last place on Friday afternoon, down about 110 points.
Gold futures settled $134.10 lower (-2.9%) at $4,529.90/oz, as a more hawkish tone from Fed Chair Kevin Warsh at Jackson Hole boosted Treasury yields and reduced expectations for near-term rate cuts. A stronger dollar has added further pressure, sending gold down -3.22% this week.
Meanwhile, the U.S. Dollar Index is up about +0.6% to $99.71.
