Stock Market Update
26-May-26 14:00 ET
Gold dips on stronger dollar and easing safe-haven demand amid Middle East ceasefire hopes
Dow -208.37
at 50371.33,
Nasdaq +227.81
at 26592.78,
S&P +32.10
at 7505.57
[BRIEFING.COM] The Nasdaq Composite (+0.86%) is in first place on Tuesday afternoon, up about 228 points.
Gold futures settled $20.90 lower (-0.5%) at $4,502.30/oz, as higher oil prices and renewed Middle East tensions fueled inflation concerns and pushed Treasury yields and the U.S. dollar higher. The move also reflected reduced safe-haven demand amid optimism surrounding a potential Iran ceasefire and reopening of the Strait of Hormuz.
Meanwhile, the U.S. Dollar Index is up about +0.3% to $99.22.
