Stock Market Update
13-May-26 13:55 ET
Gold Gains on Inflation Concerns, Geopolitical Tensions Despite Stronger Dollar
Dow -104.33
at 49656.23,
Nasdaq +320.71
at 26408.91,
S&P +46.18
at 7447.14
[BRIEFING.COM] The Nasdaq Composite (+1.23%) is in first place among the major averages, up about 320 points.
Gold futures settled $20 higher (+0.4%) at $4,706.70/oz, as investors reacted to hotter-than-expected U.S. inflation data and ongoing geopolitical uncertainty tied to the Middle East and U.S.-China relations. Safe-haven demand and continued central-bank buying helped support bullion prices even as Treasury yields and the dollar moved higher.
Meanwhile, the U.S. Dollar Index is now +0.2% higher to $98.54.
