Stock Market Update
14-May-26 13:55 ET
Nasdaq Leads as Gold Falls on Hot Inflation Data, Higher Dollar and Yields
Dow +353.52
at 50046.72,
Nasdaq +261.64
at 26663.98,
S&P +58.13
at 7502.38
[BRIEFING.COM] The Nasdaq Composite (+0.99%) is in first place on Thursday afternoon, up about 262 points.
Gold futures settled $21.40 lower (-0.5%) at $4,685.30/oz, as hotter-than-expected U.S. inflation data lifted Treasury yields and the dollar, reducing expectations for near-term Federal Reserve rate cuts. Investors also monitored the Trump-Xi meeting in Beijing, though the talks provided little new clarity on trade or geopolitical tensions.
Meanwhile, the U.S. Dollar Index is up about +0.3% to $98.81.
