By Anadolu Agency
July 25, 2024 2:32 pmISTANBUL
Major stock exchanges in the US stocks were higher Thursday, trying to bounce back from their worst slump in two years.
The Dow Jones was up 467 points, or 1.17%, to 40,321 at 1.22 p.m. EDT. The blue-chip index fell 504 points, or 1.25%, on Wednesday.
The S&P 500 increased 43 points, or 0.8%, to 5,470 after it lost 128 points, or 2.31% on previous session.
The Nasdaq gained 95 points, or 0.55%, to 17,437 at the time. The tech-heavy index plummeted nearly 655 points, or 3.64% on previous day.
The S&P 500 and the Nasdaq posted Wednesday their worst daily performance since 2022.
The VIX volatility index, also known as the “fear index,” fell 6.5% to 16.86 after it soared 22.55% to 18.04 on previous day.
The 10-year US Treasury yield declined 0.9% to 4.248%.
The dollar index decreased 0.16% to 104.22, while the euro rose 0.2% to $1.0860 against the greenback.
Precious metals saw losses, with gold falling 1.6% to $2,359 per ounce and silver decreasing 3.7% to $27.83.
Oil prices were up around 0.5%, with global benchmark Brent crude priced at $82.02 per barrel and US benchmark West Texas Intermediate at $78.07.
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