US stocks open lower as major sell-off continues

ANKARA

US stocks opened lower on Tuesday as a major sell-off continues in the markets with monetary tightening causing recession fears.

The Dow Jones fell 99 points, or 0.3%, to open at 29,102 at 9.36 a.m. EDT. The S&P 500 declined 28 points, or 0.8%, to 3,583.

The Nasdaq plummeted 88 points, or 0.8%, to 10,460. The tech-heavy index dove as much as 1.8% on Monday, touching its two-year low at 10,449 points – its lowest since September 2020.

The VIX volatility index, also known as the fear index, jumped 2.6% to 33.30. The 10-year US Treasury yield rose 1.1% to 3.927%.

The dollar index fell 0.1% to 113.0.1, hovering near its highest level in 20 years, while the euro rose 0.07% to $0.9706 against the greenback.

Precious metals were on the decline, with gold falling 0.1% to $1,666, and silver plummeting 1.1% to $19.38.

Oil prices were on decline with weak demand worries amid recession fears. Global oil benchmark Brent crude was trading at $94.28 per barrel for a 2% loss. US benchmark West Texas Intermediate was around $89.12 – down 2.2%.

ANKARA

US stocks opened lower on Tuesday as a major sell-off continues in the markets with monetary tightening causing recession fears.

The Dow Jones fell 99 points, or 0.3%, to open at 29,102 at 9.36 a.m. EDT. The S&P 500 declined 28 points, or 0.8%, to 3,583.

The Nasdaq plummeted 88 points, or 0.8%, to 10,460. The tech-heavy index dove as much as 1.8% on Monday, touching its two-year low at 10,449 points – its lowest since September 2020.

The VIX volatility index, also known as the fear index, jumped 2.6% to 33.30. The 10-year US Treasury yield rose 1.1% to 3.927%.

The dollar index fell 0.1% to 113.0.1, hovering near its highest level in 20 years, while the euro rose 0.07% to $0.9706 against the greenback.

Precious metals were on the decline, with gold falling 0.1% to $1,666, and silver plummeting 1.1% to $19.38.