Dow Jones Climbs to 52,000 While Chips Bleed on Rate-Hike Fears: Stock Market Today
Hot inflation data fuels Fed rate-hike bets, hammering chip and AI-hardware stocks while the Dow tops 52,000 and small caps hold gains; gold rebounds.
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Gold targets $5,000 on continuous ETF inflows, yet market euphoria and rising bond yields signal potential risk for precious metals.
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Hot inflation data fuels Fed rate-hike bets, hammering chip and AI-hardware stocks while the Dow tops 52,000 and small caps hold gains; gold rebounds.
Gold hits $4,075 as inflation rises, but experts predict new records within 18 months driven by central banks and family offices.
The Nasdaq 100 fell 1% by midday Wednesday after September CPI topped forecasts, pushing Treasury yields and rate-hike bets higher.
Chip stocks sold off after a 5% KOSPI plunge, with Micron and Applied Materials sinking, while J&J fell despite a guidance raise.
Central banks defy rising yields with structural gold buying. Discover why gold holds over $4,000 despite high Treasury yields.
Despite rising yields, gold ETF demand holds firm near multi-year highs. Explore why central bank buying keeps a $4,000 price floor.