US stock market opens higher to start new week strongly

by Anadolu Agency

ANKARA

Major indexes in the US stock market opened higher on Monday to kick off the new week strongly.

The blue-chip Dow Jones index was up 130 points, or 0.4%, to 32,534 at 9.42 a.m. EDT. The S&P 500 rose 8 points, or 0.23%, to 3,779.

The Nasdaq increased only 10 points, or 0.1%, to 10,485.

The VIX volatility index, also known as the fear index, was up 3% to 25.34. The 10-year US Treasury yield rose 0.1% to 4.163%.

The dollar index was down 0.4% to 110.39, still around its highest in 20 years, while the euro gained 0.3% to $0.9993 against the greenback.

Precious metals were mixed, with gold flat at $1,681 but silver adding 0.6% to $20.98.

Oil prices were on the decline, with global oil benchmark Brent crude trading at $98.41 per barrel, down 0.2%. US benchmark West Texas Intermediate was around $92.52 – down 0.1%.

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