Nasdaq falls further after worst daily loss since October

By Ovunc Kutlu

ISTANBUL (AA) - The Nasdaq opened with losses Wednesday to decline further, following the worst daily loss since October in the previous session.

The tech-heavy index shed 83 points, or 0.56%, to 14,683 at 9.42 a.m. EDT after plummeting 1.63% on Tuesday.

The S&P 500 fell 23 points, or 0.49%, to 4,719 at the time, while the Dow Jones declined 163 points, or 0.43%, to end the day at 37,549.

The VIX volatility index, also known as the fear index, jumped 4.85% to 13.84. The 10-year US Treasury yield rose 1.2% to 3.993%.

The dollar index rose 0.33% to 102.54, while the euro shed 0.26% to $1.0918 against the greenback.

Precious metals were in negative territory with gold losing 1.1% to $2,036 per ounce and silver trimming 2.8% to $22.99.

Oil prices were also in the green, with global benchmark Brent crude rising 1.7% to $77.22 per barrel and US benchmark West Texas Intermediate crude adding 1.8% to $71.66.