US exchanges post best weekly performance of 2024

ISTANBUL

Major stock exchanges in the US closed Friday with gains, posting their best weekly performance so far this year.

The Dow Jones increased 96 points, or 0.24%, to finish the session at 40,659. The blue-chip index rose 2.9% this week.

The S&P 500 added 11 points, or 0.2%, to 5,554 as it recorded a weekly gain of 3.9%.

The Nasdaq increased almost 37 points, or 0.21%, to close the day at 17,631. The tech-heavy index saw a rise of 5.2% for the week.

The VIX volatility index, also known as the fear index, fell 2.8% to 14.80. The 10-year US Treasury yield declined 1.1% to 3.883%.

The US dollar index lost 0.53% to 102.44, while the euro rose 0.47% to $1.1023 against the greenback.

Precious metals saw major gains, with gold adding 2.1% to $2,508 per ounce and silver increasing 2.2% to $28.98.

Oil prices were down more than 1.5%, with global benchmark Brent crude at $79.77 per barrel and US benchmark West Texas Intermediate at $76.69.