Stock Market Update
16-Jan-26 14:00 ET
Gold Slips 0.6% as Firm U.S. Data Lifts Dollar, Dims Near-Term Fed Cut Hopes
Dow +24.24
at 49465.47,
Nasdaq +27.00
at 23557.05,
S&P +7.06
at 6951.52
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.11%) is in first place on Friday afternoon, up 27 points.
Gold futures settled $28.30 lower (-0.6%) at $4,595.40/oz, as firmer U.S. economic data boosted the dollar and tempered expectations for near-term Fed rate cuts, reducing the appeal of non-yielding assets. The pullback was also aided by easing geopolitical tensions, though prices remain elevated after recently hitting record highs.
Meanwhile, the U.S. Dollar Index is less than +0.1% higher to $99.40.
