US stocks open higher after best week of 2024

ISTANBUL

Major US stock indices opened Monday with gains, continuing momentum after their best weekly performance of the year.

The Dow Jones Industrial Average rose 86 points, or 0.21%, to 40,746 as of 9:55 a.m. EDT (1355GMT), following a 2.9% increase last week.

The S&P 500 added seven points, or 0.14%, reaching 5,562, after posting a 3.9% gain last week.

The Nasdaq Composite increased nearly 25 points, or 0.14%, to 17,657, building on last week's 5.2% surge.

The VIX volatility index, often referred to as the "fear index," climbed 2.8% to 15.21. Meanwhile, the 10-year US Treasury yield decreased by 0.15% to 3.889%.

The US dollar index declined 0.24% to 102.21, while the euro rose 0.13% against the dollar, trading at $1.1042.

In the commodities market, precious metals showed mixed results. Gold fell 0.4% to $2,496 per ounce, while silver gained 0.3%, reaching $29.11 per ounce.

Oil prices dipped by around 0.3%, with global benchmark Brent crude at $79.39 per barrel and US benchmark West Texas Intermediate at $75.30 per barrel.