US stock market closes mixed, posts weekly gains

ANKARA

Major indices in the US stock market closed mixed on Friday but posted weekly gains.

The Dow Jones industrial average was down 21 points, or 0.06%, to close at 35,089. The blue-chip index gained 1.1% this week.

The S&P 500 rose 23 points, or 0.52%, to finish the day at 4,500 and it posted a weekly increase of 1.6%.

The Nasdaq soared jumped 219 points, or 1.58%, to end the day at 14,098. The tech-heavy index rose 2.4% for the week.

Despite climbing to 26.26 earlier, the VIX volatility index, known as the fear index, reversed course and fell 3.9% to 23.40.

The dollar index was up 0.07% to 95.45, and the yield on 10-year US Treasury notes soared 5.2% to 1.923%.

Precious metals were up slightly with gold adding 0.15% to $1,807 per ounce and silver rising 0.25% to $22.48.

Crude oil prices extended their gains with over a 2.2% increase. Brent crude was trading at $93.11 per barrel and US benchmark West Texas Intermediate was at $92.20.