Stock Market Update
16-Sep-26 13:55 ET
Gold Rebounds as Lower Oil, Yields Ease Rate Concerns
Dow +19.99
at 52113.10,
Nasdaq +146.34
at 26148.96,
S&P +21.44
at 7607.17
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.56%) is in first place this afternoon, up about 146 points with the Fed's policy decision on tap for the top of the hour.
Gold futures settled $57.80 higher (+1.3%) at $4,390.60/oz, as lower oil prices and Treasury yields eased concerns about inflation and higher interest rates. The rebound came despite expectations for the Fed to raise rates by 25 bps, with falling yields reducing the opportunity cost of holding gold.
Meanwhile, the U.S. Dollar Index is up less than +0.1% to $99.71.
