Stock Market Update
29-Sep-26 14:00 ET
Gold Rebounds From Seven-Week Low as Dollar, Yields Limit Upside
Dow -274.12
at 51207.30,
Nasdaq -85.11
at 26756.31,
S&P -27.43
at 7656.36
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.32%) is in "first" place on Tuesday afternoon, down about 85 points, with more aggressive losses being had elsewhere.
Gold futures settled $11.30 higher (+0.3%) at $4,179.70/oz, after Monday’s sharp selloff, with the rebound appearing largely corrective as investors took profits and the metal recovered from a seven-week low. However, rising Treasury yields, a firm dollar and expectations for additional Fed rate hikes continued to limit upside, keeping investors focused on upcoming inflation and jobs data.
Meanwhile, the U.S. Dollar Index is now +0.4% to $101.60.
