Dow opens higher, trying to recover from longest losing streak in 10 months

By Ovunc Kutlu

ISTANBUL (AA) - The Dow Jones opened higher on Tuesday, trying to recover from its longest losing streak since last June.

The blue-chip index rose 112 points, or 0.3%, to 37,847 at 9.42 a.m. EDT (1342GMT). The index lost 248 points, or 0.65%, on Tuesday to record losses for the sixth consecutive trading day.

The S&P 500, on the other hand, was down 10 points, or 0.2%, to 5,051. The Nasdaq declined 34 points, or 0.22%, to 15,850.

The VIX volatility index, also known as the fear index, rose 0.36% to 19.36. The 10-year US Treasury yield added 1.1% to 4.681%.

The US dollar index climbed 0.04% to 106.25, while the euro gained 0.15% to $1.0638 against the greenback.

Precious metals were in the red, with gold losing 0.37% to $2,374 per ounce and silver plummeting 2.33% to $28.20.

Oil prices were mixed, with global benchmark Brent crude trimming 0.1% to $90.02 per barrel but US benchmark West Texas Intermediate rising 0.08% to $85.48.