Stock Market Update
30-Sep-26 14:00 ET
Gold Gains as Softer Inflation, Dovish Fed Expectations Weigh on Dollar
Dow -92.39
at 51257.44,
Nasdaq +251.78
at 27070.36,
S&P +34.20
at 7705.14
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.94%) is atop the major averages, up about 252 points.
Gold futures settled $7 higher (+0.2%) at $4,186.70/oz, as softer inflation data and dovish Fed expectations pressured the dollar and reduced expectations for near-term rate hikes. Lower rates and a weaker dollar supported bullion, though elevated Treasury yields remained a headwind.
Meanwhile, the U.S. Dollar Index is up less than +0.1% to $101.42.
