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Market Impact: 0.8

Mining Stock Eyes Worst Day Since 2024

NEM
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Newmont shares fell 9.4% to $96.70 as the gold miner plunged alongside gold after the Federal Reserve held rates steady and signaled only one rate cut in 2026. The Fed's dovish-but-delayed easing outlook pressured bullion and mining equities, producing a sharp single-day reprice for the sector.

Analysis

Newmont shares fell 9.4% to $96.70 as the gold miner plunged alongside gold after the Federal Reserve held rates steady and signaled only one rate cut in 2026. The Fed's dovish-but-delayed easing outlook pressured bullion and mining equities, producing a sharp single-day reprice for the sector.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.35

Ticker Sentiment

NEM-0.50