Ovunc Kutlu
26 July 2024•Update: 26 July 2024
ISTANBUL
The Dow Jones closed Friday higher to post its fourth weekly gain as major stock exchanges in the US regained some of their massive losses from previous days.
The blue-chip Dow jumped 654 points, or 1.64%, to finish the day at 40,589 as it saw a weekly gain of 0.8%.
The S&P 500 gained almost 60 points, or 1.11%, to end the week at 5,459 after it lost 2.31% on Wednesday and an additional 0.51% on Thursday. The index fell 0.8% this week.
The Nasdaq increased 176 points, or 1.03%, to close the session at 17,357 at the time. The tech-heavy index plummeted 3.64% on Wednesday, while it lost 2.1% for the week.
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," dove 11.3% to 16.38. The 10-year US Treasury yield declined 1.46% to 4.197%.
The dollar index decreased 0.04% to 104.31, while the euro rose 0.11% to $1.0856 against the greenback.
Precious metals were on the rise, with gold adding 0.9% to $2,385 per ounce and silver increasing 0.17% to $27.90.
Oil prices were down around 1.8%, with global benchmark Brent crude priced at $80.90 per barrel and US benchmark West Texas Intermediate at $76.85.
