US stock market opens higher as volatility declines

ANKARA

Major indexes in the US stock market opened higher on Friday as the decline in volatility has increased investors' risk appetite.

The Dow Jones was up 270 points, or 0.8%, to 34,354 at 9.49 a.m. EDT (1349GMT) with investment banking firms Goldman Sachs and JPMorgan adding more than 1% each.

The S&P 500 increased 22 points, or 0.5%, to 4,182 with Tesla rising 0.5%. The Nasdaq was up 33 points, or 0.2%, to 13,568 with Uber increasing 1.2%.

The rise in the indexes came as the VIX volatility index was down 2.7% to 20.11 level, which increased investors' appetite for riskier assets.

After posting a major decline earlier in the week, Bitcoin was trading above $41,000 at the time, while some altcoins soared around 15%.

As investors have slowly moved away from safe bets, such as precious metals, gold was at $1,877 per ounce, while silver was $27.7 at the time.

Investors, however, were still showing some interest in liquidity. US dollar index that shows the strength of the greenback against a basket of six other major currencies was up 0.2% to 89.96. Euro was down against the dollar 0.4%.