Stock Market Update
21-Aug-25 14:00 ET
Gold slips as dollar strengthens, traders await Powell’s Jackson Hole speech
Dow -149.49
at 44788.82,
Nasdaq -74.69
at 21096.78,
S&P -21.96
at 6373.82
[BRIEFING.COM] The Nasdaq Composite (-0.35%) is at the bottom of the major averages, but only just so, as a modest bump over the last half hour has the index down just 75 points vs. 159 at today's lows.
Gold futures settled $6.90 lower (-0.2%) at $3,381.60/oz, this as the U.S. dollar firmed after comments from the Kansas City Fed's Schmid stressing that policy needs to stay "modestly restrictive" to contain inflation, which made the yellow metal more expensive for overseas buyers. Traders are also holding back ahead of Fed Chair Jerome Powell's keynote at Jackson Hole, which could shift expectations on the timing of rate cuts.
Meanwhile, the U.S. Dollar Index is now up about +0.4% to $98.59.
