US stocks close higher, post weekly gains

by Anadolu Agency

ISTANBUL

Major US stock indices closed higher Friday and posted weekly gains.

The Dow Jones industrial average rose 28 points, or 0.08%, to finish at 33,978. The blue-chip index gained 1.8% this week.

The S&P 500 added 10 points, or 0.25% to close Friday at 4,070 as it posted a weekly gain of 2.5%.

The Nasdaq jumped 109 points, or 0.95%, to end the session at 11,621. The tech-heavy index recorded a massive 4.3% increase for the week.

The VIX volatility index, also known as the fear index, was down 1.2% at 18.50, while the 10-year US Treasury yield rose 0.7% to 3.516%.

The dollar index added 0.1% to 101.94, while the euro lost 0.2% to $1.0867 against the greenback.

Precious metals were down, with gold trimming 0.1% to $1,927 per ounce and silver falling 1.4% to $23.58.

Crude oil prices reversed course and dove into negative territory. Global benchmark Brent crude declined 1.2% to $86.41 per barrel and US benchmark West Texas Intermediate crude was at $79.45 for a 1.9% daily loss.

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