US stocks open mixed after posting major losses

ISTANBUL

Major stock exchanges in the US opened Wednesday mixed after posting steep losses in the previous session.

The Dow Jones Industrial Average rose 126 points, or 0.31%, to 41,063 at 9.39 a.m. EDT (1339GMT).

The S&P 500, on the other hand, decreased eight points, or 0.16%, to 5,520. The Nasdaq, meanwhile, fell 123 points, or 0.72%, to 17,010.

All three exchanges on Tuesday had their worst daily performance since the global stock market sell-off recorded on Aug. 5 amid fears of a recession in the US economy caused by weak production and manufacturing data.

The VIX volatility index, also known as the fear index, jumped 4.6% to 21.67 at the time. The 10-year US Treasury yield fell 0.69% to 3.815%.

The dollar index fell 0.2% to 101.62, while the euro increased 0.1% to $1.1054 against the greenback.

Precious metals were also mixed, with gold losing 0.26% to $2,486 per ounce but silver rising 0.17% to $28.09.

Oil prices were down almost 1%, with global benchmark Brent crude at $73.11 a barrel and US benchmark West Texas Intermediate crude at $69.70.