Stock Market Update
27-May-25 14:00 ET
Gold drops nearly 2% as dollar gains and fiscal jitters weigh ahead of inflation data
Dow +701.18
at 42304.25,
Nasdaq +457.94
at 19195.14,
S&P +116.76
at 5919.58
[BRIEFING.COM] With about two hours left on Tuesday the tech-heavy Nasdaq Composite (+2.44%) leads the market rally.
Gold futures settled $65.40 lower (-1.9%) at $3,300.40/oz, pressured by a strengthening greenback and investor caution ahead of key inflation data and Fed commentary. The decline also followed fiscal concerns after the CBO projected a $3.8 trillion debt increase tied to the new tax-cut bill, weighing on market sentiment.
Meanwhile, the U.S. Dollar Index is up +0.6% to $99.54.
