Stock Market Update
14-Jan-26 13:55 ET
Nasdaq Slides Ahead of Fed Beige Book as Gold Rallies on Rate-Cut Bets and Softer Inflation
Dow -178.20
at 49013.58,
Nasdaq -344.13
at 23365.77,
S&P -62.58
at 6901.15
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-1.45%) is the worst-performing major average this afternoon ahead of the Fed's January Beige Book, which is due at the top of the hour.
Gold futures settled $36.60 higher (+0.8%) at $4,635.70/oz, as softer U.S. inflation data reinforced expectations for Federal Reserve rate cuts, easing real yields and boosting demand for the non-yielding metal. Safe-haven buying tied to geopolitical uncertainty, policy concerns, and broader risk aversion further supported prices.
Meanwhile, the U.S. Dollar Index is down less than -0.1% to $99.10.
