Stock Market Update
02-Sep-25 14:30 ET
Record session for gold, stocks just off of session lows
Dow -387.88
at 45157.00,
Nasdaq -272.66
at 21182.89,
S&P -68.80
at 6391.46
[BRIEFING.COM] The S&P 500 (-1.1%), Nasdaq Composite (-1.3%), and DJIA (-0.9%) are off their session lows following a modest increase in sector strength.
The energy sector (+0.1%) maintains a slight gain for the day, while the consumer staples and health care sectors return to their flatlines.
The next best performing S&P 500 sector is the materials sector with a 0.6% loss, and five sectors still hold losses wider than 1.0%, showing that there is a long way to go before substantial improvement at the index level.
Gold futures (GC00-USA) surged $76.00, or 2.2%, to settle at a record $3,592.20 per ozt, with investors rotating into the metal as a rate cut at the September FOMC becomes increasingly certain.
