By Ovunc Kutlu
ISTANBUL (AA) - Major stock exchanges in the US opened Wednesday with gains, despite annual producer prices showing a jump in September.
The Dow Jones was up 68 points, or 0.2%, to 33,808 at 10.00 a.m. EDT (1400GMT), while the S&P 500 added 10 points, or 0.23%, to 4,369.
The Nasdaq, meanwhile, gained 62 points, or 0.46%, to 13,625.
Producer inflation annually rose 2.2% in September, marking the largest year-on-year increase since April, according to the Labor Department figures released earlier.
While the figure came in much higher than market estimates of a 1.6% increase, the annual increase in August was also revised up to 2%, from 1.6%.
Core producer prices, which exclude food, energy, and trade, jumped 2.8% on an annual basis, following a gain of 2.9% in August.
The VIX volatility index, also known as the fear index, fell 3.1% to 16.50. The 10-year US Treasury yield fell 1.2% to 4.597%.
The dollar index lost 0.16% to 105.65 while the euro added 0.23% to $1.0627 against the greenback.
Precious metals were in positive territory, with gold rising 0.6% to $1,872 an ounce and silver soaring 1.1% to $22.08.
Oil prices declined around 1.2%, with global benchmark Brent crude at $86.73 per barrel and US benchmark West Texas Intermediate at $84.81.