Stock Market Update
10-Aug-26 14:00 ET
Gold Gains as Weak Jobs Data Boosts Fed Rate-Cut Hopes
Dow -139.96
at 53896.97,
Nasdaq -113.11
at 26598.52,
S&P -8.29
at 7749.35
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.42%) is in last place on Monday afternoon, down about 113 points.
Gold futures settled $20.60 higher (+0.5%) at $4,420.30/oz, as last week's weaker-than-expected jobs report fueled expectations that the Federal Reserve may delay further rate hikes. Investors are now turning to this week's inflation data for additional clues on the Fed's policy path, while geopolitical uncertainty and continued demand are also supporting gold.
Meanwhile, the U.S. Dollar Index is up about +0.3% to $99.80.
