Economy

US stock market closes with gains

VIX volatility index plummets 19.46% to 21.86

Övünç Kutlu   | 08.12.2021
US stock market closes with gains

ANKARA

US stocks jumped Tuesday to close higher, recovering from last week's losses. 

The Dow Jones Industrial Average soared 492 points, or 1.4%, to 35,719. The blue-chip index lost 0.9% last week, its fourth weekly decline in a row.

The S&P 500 rose 95 points, or 2.07%, to 4,686 after declining 1.2% last week, posting its second consecutive weekly loss.

The Nasdaq saw the largest daily increase, gaining 461 points, or 3%, to 15,686. The tech-heavy index plummeted 2.6% last week.

Despite climbing above the critical 30 level twice last week, the VIX volatility index, known as the fear index, plummeted 19.46% to 21.86.

The dollar index was down 0.1% to 96.31, while the yield on 10-year US Treasury notes gained 3.2% to 1.480%.

Precious metals were up slightly, with gold adding 0.3% to $1,784 an ounce and silver increasing 0.6% to $22.52.

Crude prices were up almost 3%, with Brent crude trading at $75.23 per barrel and US benchmark West Texas Intermediate crude at $71.83.

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