US stocks edge lower from records as precious metals surge / Photo: Idrees MOHAMMED - AFP/File
-
Search Underway for 'Dooars Rani' Tigress After Second Escape from Buxa Tiger Reserve
-
Teatro Mayor Unveils 152-Performance 2027 Season Highlighting Beethoven and García Márquez
-
The Dilemma of Recording Live Music: Preserving Memories vs. Being Present
-
Rutgers Defeats NJIT 101-64 Behind Francis and Mark Scores
-
AmeriLife Welcomes Finance Veteran Richard Dziadzio as Chief Financial Officer; Names Jim Quinn President & Chief Transformation Officer
-
6 Pieces of Furniture Worth Investing In
-
Fulcrum Metals PLC Announces New Critical Mineral Recoveries Expand Potential
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - November 11
-
Guardian Metal Resources PLC Announces Proposed Spin-Out of Non-Tungsten Projects
-
Fulcrum Metals PLC Announces Publication of Updated Investor Presentation
-
THIEAUDIO Introduces Clairvoyance MKII: The Evolution of a Signature Sound
-
Christmas Day Shifts More than Double as Americans Return to In-Person Holiday Celebrations
-
BlackBerry to Participate in Upcoming Investor Conferences
-
NiobiumX Mining Reports Results of Ground Radiometric Survey at Shipshaw, Maps Two Distinct Radiometric Signatures Across the Core Claims, and Moves to a High-Resolution Airborne Survey of the Full 2,686-Hectare Package
-
Irving Resources Reports on Drilling in Yamagano Mining Right at the Yamagano Joint Venture, Kyushu, Japan
-
Trifecta Gold Reports 2026 Exploration Results from the Liam and Lois Projects, Tombstone Gold Belt, Yukon
-
XCF Global Hosts USDA at New Rise Renewables Reno as Facility Surpasses 4.4 Million Gallons Since Restart
-
5E Advanced Materials to Host Fiscal First Quarter 2027 Earnings Conference Call on November 17, 2026
-
Patriot Software Adds Performance Reviews to Patriot HR
-
Protagenic Therapeutics Announces Private Placement of Up to $5 Million to Advance PT00114 into Its First U.S. Clinical Trial in Generalized Anxiety Disorder
-
Healixa's FrostPulse(TM) Technology Solves a Major Roadblock to Data Center Growth: Cooling Without the Water Burden
-
Route1 Announces 2026 Annual Meeting Results
-
NuRAN Wireless Board Approves Growth Strategy to Scale Recurring Revenue from 5,000+ Contracted Towers
-
Ethur Takes On Hiring Fraud With Facial Biometrics Identity Checks and Connected Payroll and Bank Data
-
PPX Mining Reports Callanquitas Operating Results for the First Nine Months of 2026
-
Green Leaf Innovations (OTC: GRLF) Meets OTCID Disclosure Requirements Following Profitable Q2 2026 Results
-
Valion Bio Reinforces Commitment to American Troops; Discusses Entolimod with Attendees at RW Baird's National Security Conference
-
Amarc Extends 2026 Exploration Program at the Duke District: Initiates Drilling Program at Established Porphyry Copper-Gold Targets
-
Thukukile Zuma Resigns from ANC Johannesburg Leadership Amid Disciplinary Dispute
-
Russia Orders 100,000 Kometa Modules to Counter Ukrainian Electronic Warfare
-
CM Mohan Yadav Meets Bohra Spiritual Leader to Discuss Simhastha 2028 and Development
-
Mahayuti-backed Rajesh Patil Elected Chairman of Gokul Dairy Amidst Political Deadlock
-
Eli Crane Defeats Jonathan Nez in Tight Arizona Congressional Race
US stocks edge lower from records as precious metals surge
Wall Street stocks edged down from records on Friday amid holiday-thinned trading while precious metals extended their year-long surge to record highs.
Silver topped $75 an ounce for the first time while gold also pushed to a fresh record price, with geopolitical risk elevated as US military and economic pressure on Venezuela persists.
Precious metals have surged in 2025 as uncertainty about US policy under President Donald Trump -- and the prospect of further Federal Reserve interest rate cuts -- have weakened the dollar, reducing its appeal to investors.
Major indices in New York moved sideways for much of a quiet, post-Christmas session. All three finished marginally lower, with the Dow and S&P 500 both slightly below Wednesday's records.
But market watchers remain bullish ahead of next week's finale to 2025. Stocks often rise in the peak festive period, sometimes yielding a "Santa Claus rally."
"We've had a good week so with the weekend ahead, and also with the light trading for next week, possibly you had people who are just looking to take some profits," said CFRA Research's Sam Stovall. "But I still think that we're going to end the year on a high note."
Tokyo, Shanghai, Seoul and Taipei all rose by closing time on Friday. Markets in Hong Kong, Australia and most of Europe were closed.
Oil prices, meanwhile, dropped more than two percent as markets looked ahead to a meeting Sunday between Trump and Ukrainian President Volodymyr Zelensky on peace proposals.
But Russia signaled its skepticism ahead of the Florida talks, with deputy foreign minister Sergei Ryabkov accusing the Ukraine president and his EU backers of seeking to "torpedo" a US-brokered plan.
- Key figures at around 2115 GMT -
New York - Dow: DOWN less than 0.1 percent at 48,710.97(close)
New York - S&P 500: DOWN less than 0.1 percent at 6,929.94 (close)
New York - Nasdaq: DOWN 0.1 percent at 23,593.10 (close)
Tokyo - Nikkei 225: UP 0.7 percent at 50,750.39 (close)
Shanghai - Composite: UP 0.1 percent at 3,963.68 (close)
Dollar/yen: UP at 156.50 yen from 155.83 yen on Thursday
Euro/dollar: DOWN at $1.1776 from $1.1784
Pound/dollar: DOWN at $1.3501 from $1.3521
Euro/pound: FLAT at 87.21 pence
West Texas Intermediate: DOWN 2.8 percent at $56.74 per barrel
Brent North Sea Crude: DOWN 2.6 percent at $60.64 per barrel
C.Garcia--AMWN
