Wall Street Breakfast Gold sinks
Nov 26, 2024
The Dow is making headlines, outperforming both the Nasdaq and S&P 500. In a surprising turn, gold prices have sunk to their lowest in four years, while crude oil is also experiencing a sharp decline. Meanwhile, Trump is gearing up to unveil a broad energy plan aimed at boosting gas exports. The implications of these market shifts and upcoming energy policies are set to shake things up in the financial world.
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Dow Outperforms
- The Dow outperformed both the Nasdaq and S&P 500.
- The S&P 500 climbed 0.3%, and the Nasdaq rose 0.27%.
Gold Plunges
- Gold futures experienced their most significant one-day drop since 2020.
- This decline was influenced by a potential ceasefire and Trump's Treasury Secretary pick.
Crude Oil Falls
- Crude oil futures fell sharply due to the potential ceasefire between Israel and Hezbollah.
- The ceasefire lowers the risk of a broader conflict impacting oil supplies.