US stock market opens lower with strong selloffs

VIX volatility index jumps 17.33% to 33.85

Tuba Sahin   | 24.01.2022
US stock market opens lower with strong selloffs


Major US stock market indices opened down on Monday, with strong selloffs.

The Dow Jones industrial average was down 471.2 points, or 1.38%, to 33,794 at 9.30 a.m. EDT (1430GMT).

The S&P 500 fell 74.4 points, or 1.69%, to 4,323 while the Nasdaq lost 295.9 points or 2.15% to 14,473.

The VIX volatility index, known as the fear index, jumped 17.33% to 33.85.

The dollar index gained 0.41% to 96.03, while the yield on 10-year US Treasury notes rose 2% to 1.743%.

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