Economy

US stocks open Thursday higher

VIX volatility index falls 7.5%

Ovunc Kutlu  | 08.08.2024 - Update : 08.08.2024
US stocks open Thursday higher

ISTANBUL

US stocks opened Thursday higher, as they are still trying to recover from previous days' losses.

The Dow Jones was up 307 points, or 0.79%, to 39,070 at 9.39 a.m. EDT (1339GMT). The S&P 500 rose 51 points, or 1%, to 5,251.

The Nasdaq, meanwhile, gained 170 points, or 1.05%, to 16,365.

The VIX volatility index, also known as the fear index, plummeted 7.5% to 25.75. The 10-year US Treasury yield increased 0.9% to 4.001%.

The dollar index rose 0.22% to 103.43, while the euro lost 0.33% to $1.0886 against the greenback.

Precious metals were on the rise, with gold adding 1.3% to $2,414 per ounce and silver increasing 1.9% to $27.12.

Oil prices were mixed, with global benchmark Brent crude losing 0.17% to $78.20 per barrel but US benchmark West Texas Intermediate rising 0.07% to $75.28.

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