S&P 500 posts best day in 3 weeks as US stocks close higher

ISTANBUL

The S&P 500 saw its best daily performance in three weeks as US stocks closed in the green Wednesday.

The index added 34 points, or 0.81%, to finish the session at 4,263. The Dow was up 127 points, or 0.39%, to end the day at 33,129.

The tech-heavy Nasdaq, meanwhile, soared 176 points, or 1.35%, to end mid-week at 13,210.

The VIX volatility index, also known as the fear index, fell 6.2% to 18.55. The 10-year US Treasury yield shed 1.4% to 4.731%.

The dollar index was down 0.27% to 106.71, while the euro increased 0.44% to $1.0511 against the greenback.

Precious metals were in negative territory, with gold trimming 0.1% to $1,822 an ounce and silver falling 0.6% to $21.01.

Oil prices plummeted more than 5% with global benchmark Brent crude at $86.24 per barrel and US benchmark West Texas Intermediate at $84.72.