Nasdaq closes lower hovering near 2-year low

ANKARA

The Nasdaq closed lower Wednesday, hovering around its lowest level in the past two years.

The tech-heavy index fell 91 points, or 0.85%, to close at 10,680. The index hit 10,449 points last week -- its lowest since September 2020. It has lost more than 32% this year.

The Dow Jones was off 100 points, or 0.33%, to end the day at 30,423. The S&P 500 shed 24 points, or 0.67%, to 3,695.

The VIX volatility index, also known as the fear index, added 0.9% to 30.77, while the 10-year US Treasury yield soared 3.3% to 4.129%.

The dollar index rose 0.7% to 112.89, near its highest in 20 years, while the euro trimmed 0.8% to $0.9774 against the greenback.

Precious metals were on the decline, with gold falling 1.4% to $1,629 and silver plummeting 1.4% to $18.47.

Oil prices continued to gain ground. Global oil benchmark Brent crude traded at $92.48 per barrel for a 2.7% gain. US benchmark West Texas Intermediate was around $84.80 -- up 3.3%.

ANKARA

The Nasdaq closed lower Wednesday, hovering around its lowest level in the past two years.

The tech-heavy index fell 91 points, or 0.85%, to close at 10,680. The index hit 10,449 points last week -- its lowest since September 2020. It has lost more than 32% this year.

The Dow Jones was off 100 points, or 0.33%, to end the day at 30,423. The S&P 500 shed 24 points, or 0.67%, to 3,695.

The VIX volatility index, also known as the fear index, added 0.9% to 30.77, while the 10-year US Treasury yield soared 3.3% to 4.129%.

The dollar index rose 0.7% to 112.89, near its highest in 20 years, while the euro trimmed 0.8% to $0.9774 against the greenback.

Precious metals were on the decline, with gold falling 1.4% to $1,629 and silver plummeting 1.4% to $18.47.

Oil prices continued to gain ground. Global oil benchmark Brent crude traded at $92.48 per barrel for a 2.7% gain. US benchmark West Texas Intermediate was around $84.80 -- up 3.3%.