US stocks open mixed as consumer inflation comes above expectations

ISTANBUL

US stock exchanges opened mixed on Tuesday, after consumer inflation figures in February came above expectations.

The Dow Jones Industrial Average was down 37 points, or 0.1%, to 38,731 at 9.41 a.m. EDT (1341GMT).

The S&P 500, on the other hand, rose seven points, or 0.15%, to 5,125.

The Nasdaq, meanwhile, increased 35 points, or 0.22%, to 16,054 at the time.

Consumer inflation in the US annually rose 3.2% in February, and monthly gained 0.4%, both coming in above market expectations.

The VIX volatility index, also known as the fear index, fell 3.7% to 14.65. The 10-year US Treasury yield rose 1.1% to 4.152%.

The dollar index increased 0.25% to 103.03, while the euro lost 0.18% to $1.0906 against the greenback.

Precious metals were in negative territory, with gold losing 1.1% to $2,158 per ounce and silver decreasing 1.6% to $24.07.

Oil prices were down around 0.2%, with global benchmark Brent crude at $82.08 per barrel and US benchmark West Texas Intermediate crude at $77.84.

• consumer inflation
• Precious metals
• US stocks