Economy

Dow closes lower for 3rd straight day as US stocks post losses

VIX volatility index rises 3% to 13.84

Övünç Kutlu  | 29.02.2024 - Update : 29.02.2024
Dow closes lower for 3rd straight day as US stocks post losses

ISTANBUL

The Dow Jones Industrial Average closed lower for the third consecutive trading day as US stocks posted losses Wednesday.

The blue-chip index lost 23 points, or 0.06%, to finish the session at 38,949.

The S&P 500 lost eight points, or 0.17%, to end at 5,069. The Nasdaq fell 87 points, or 0.55%, to end the day at 15,947.

The VIX volatility index, also known as the fear index, rose 3% to 13.84. The 10-year US Treasury yield fell 1.1% to 4.266%.

The dollar index added 0.11% to 103.94, while the euro was flat at $1.0837 against the greenback.

Precious metals were mixed, with gold rising 0.2% to $2,034 per ounce but silver steady at $22.46.

Oil prices were also mixed, with global benchmark Brent crude unchanged at $81.86 per barrel but US benchmark West Texas Intermediate crude falling 0.7% to $78.30.

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