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ECONOMY

US stocks open mixed after private payrolls

ISTANBUL

Major stock exchanges in the US opened Thursday mixed after the release of private payrolls figures.

The Dow Jones Industrial Average fell 88 points, or 0.22%, to 40,886 at 9.34 a.m. EDT (1334GMT).

The S&P 500, on the other hand, fell 1.3 points, or 0.01%, to remain almost flat at 5,518.

The Nasdaq, meanwhile, increased 60 points, or 0.36%, to 17,145

US private payrolls rose by 99,000 in August, much less than market estimates of 144,000, and marking the smallest gain since January 2021, according to a report released earlier by ADP Research Institute.

The VIX volatility index, also known as the fear index, fell 2.3% to 20.83 at the time. The 10-year US Treasury yield fell 1% to 3.730%.

The dollar index fell 0.26% to 101.09, while the euro increased 0.18% to $1.1103 against the greenback.

Precious metals were on the rise, with gold adding 0.85% to $2,516 per ounce and silver increasing 2.5% to $28.97.

Oil prices were up around 0.7%, with global benchmark Brent crude at $73.25 a barrel and US benchmark West Texas Intermediate crude at $69.70.

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