Stock Market Update
23-Sep-26 14:00 ET
Gold Slides 1.3% as Hawkish Fed Lifts Dollar, Yields
Dow -260.88
at 51602.81,
Nasdaq -293.62
at 26971.70,
S&P -49.82
at 7714.82
[BRIEFING.COM] The Nasdaq Composite (-1.08%) is in last place among the major averages with about two hours to go, down about 294 points.
Gold futures settled $58 lower (-1.3%) at $4,318.40/oz, as hawkish Fed signals boosted rate hike expectations, pushing the dollar and Treasury yields higher and weighing on non-yielding bullion. Softer oil prices and easing Middle East supply concerns also reduced safe-haven demand for gold.
Meanwhile, the U.S. Dollar Index is up about +0.5% to $101.06.
