US stock market closes higher with gains in tech stocks

ANKARA

The US stock market closed higher Wednesday for the fourth consecutive day with gains in technology companies' stocks.

The Dow Jones industrial average was up 224 points, or 0.63%, to close at 35,629.

The S&P 500 rose 42 points, or 0.94%, to 4,589. The Nasdaq added 71 points, or 0.5%, to finish at 14,417.

Google's parent company, Alphabet, saw its shares jump 7.5%. Microsoft, IBM and Intel shares added more than 1% apiece.

The VIX volatility index, known as the fear index, was down 5.4% to 20.77 but managed to stay above the critical level of 20.

The dollar index lost 0.4% to 95.98 and the yield on 10-year US Treasury notes fell 1.3% to 1.777%.

Precious metals gained with gold adding 0.33% to $1,807 per ounce and silver rising 0.1% to $22.66.

Crude oil prices rose around 0.3% with Brent crude trading at $89.59 per barrel and US benchmark West Texas Intermediate at $88.33.