Stock Market Update
10-Sep-26 14:00 ET
Gold Slides as Inflation, Oil Stoke Fed Hike Bets
Dow -340.45
at 52040.21,
Nasdaq -131.48
at 26142.91,
S&P -40.74
at 7595.62
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.50%) is down about 131 points this afternoon, good enough for first place among the major averages.
Gold futures settled $53.40 lower (-1.2%) at $4,407.30/oz, as hotter U.S. inflation and surging oil prices have boosted expectations for a Fed rate hike next week. Rising Treasury yields and a firmer dollar are further weighing on the non-yielding metal.
Meanwhile, the U.S. Dollar Index is up about +0.2% to $98.99.
