Wall Street Extends Records, Gold Rallies To $3,400: What’s Moving Markets Monday?
Wall Street opened the week on a risk-on footing, with the S&P 500 and the Nasdaq 100 extending record highs as strong earnings reinforced confidence in corporate America and investors continued to shrug off trade tensions.
By midday trading in New York, the S&P 500 had climbed 0.6% to break above 6,330, the Nasdaq 100 rose 0.8% to 23,260, and the Dow Jones added 260 points, or 0.6%.
Commerce Secretary Howard Lutnick reaffirmed the August 1 tariff deadline as “hard,” though he said that negotiation are set to continue.
See Also: Trump’s Economy Is Riding A Tsunami Of Inflows — So Much For ‘Sell America’
Gold prices jumped 1.5% to $3,400 per ounce, hitting a one-month-high, while silver gained 1.9%, both lifted by renewed dollar weakness.
The U.S. dollar index slipped below 98 amid rising concerns over the Fed’s independence. On Monday, Treasury Secretary Scott Bessent called for a review of the institution, telling CNBC that there’s …
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