Stock Market Update

[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.83%) is today's worst-performing major average, down about 175 points.

Gold futures settled $29.80 higher (+0.9%) at $3,388.50/oz, driven largely by renewed uncertainty ahead of key Fed signals. Market participants appear positioned for dovish cues, as traders await Fed Chair Powell's remarks at this week's Jackson Hole symposium and the release of the July FOMC minutes. Expectations of rate cuts, potentially starting as early as September, are underpinning the yellow metal, given its traditional attraction in low-rate environments amid economic uncertainty.

Meanwhile, the U.S. Dollar Index is down about -0.2% to $98.13.