Stock Market Update
17-Feb-26 14:00 ET
Gold Falls 2.8% as Dollar Firms, Rate-Cut Bets Ease
Dow +151.81
at 49651.53,
Nasdaq +106.94
at 22653.63,
S&P +25.14
at 6861.30
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.47%) is in the lead, up about 107 points.
Gold futures settled $140.40 lower (-2.8%) at $4,905.90/oz, as easing geopolitical tensions and a firmer U.S. dollar triggered profit-taking following the metal's recent surge to record highs. Stronger-than-expected U.S. economic data also tempered expectations for near-term Fed rate cuts, pressuring the non-yielding safe-haven asset.
Meanwhile, the U.S. Dollar Index is now less than +0.1% higher to $97.17.
