US stock market opens lower except Dow Jones

Precious metals show massive losses with gold falling 2.5%, silver plummeting 5%

Ovunc Kutlu   | 16.09.2021
US stock market opens lower except Dow Jones


Major indexes in the US stock market opened lower on Thursday, except the Dow Jones, despite retail sales rising strongly in August.

The Dow was up 25 points, or 0.07%, to 34,839 at 9.45 a.m. EDT with JPMorgan adding 0.9%. The blue-chip index later fell to negative territory.

While the S&P 500 decreased 12 points, or 0.27%, to 4,468, the tech-heavy Nasdaq was down 66 points, or 0.44%, to 15,095.

The VIX volatility index, also known as the fear index, jumped 4.6% to 19.02, indicating once again a highly volatile session.

The yield on 10-year US Treasury notes rose 3.5% to 1.350%, while the dollar index added 0.4% to 92.93.

Oil prices reversed course from their strong increase in recent days. Brent crude was down 0.9% to $74.78 per barrel, and West Texas Intermediate declined 0.9% to $71.95.

Precious metals showed massive losses with gold falling 2.5% $1,748 per ounce, and silver plummeting 5% to $22.66.

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