US stocks open lower with growth figure revised down

ISTANBUL

Major stock exchanges in the US opened lower Wednesday as economic growth in the last quarter was revised down slightly.

The Dow Jones fell 221 points, or 0.54%, to 38,761 at 9.39 a.m. EDT. The S&P 500 lost 13 points, or 0.27%, to 5,064.

The Nasdaq, meanwhile, decreased 64 points, or 0.4%, to 15,971.

The US economy expanded 3.2% in the fourth quarter, according to the Commerce Department's second reading. The figure was revised down from the first reading of 3.3% made last month.

The VIX volatility index, also known as the fear index, rose 1.5% to 13.64, while the 10-year US Treasury yield lost 0.16% to 4.309%.

The dollar index added 0.18% to 104.01, while the euro shed 0.16% to $1.0827 against the greenback.

Precious metals were mixed, with gold adding 0.14% to $2,033 per ounce but silver decreasing 0.22% to $22.40.

Oil prices showed small gains, with global benchmark Brent crude rising 0.34% to $82.94 per barrel and US benchmark West Texas Intermediate crude increasing 0.7% to $79.43.