US stocks end mixed after major losses

By Ovunc Kutlu

ISTANBUL (AA) - Major stock exchanges in the US closed on a mixed note Wednesday after seeing steep losses in the previous session.

The Dow Jones Industrial Average rose 38 points, or 0.09%, to finish the day just below 40,975.

The S&P 500, on the other hand, slid almost nine points, or 0.16%, to 5,520. The Nasdaq, meanwhile, fell 52 points, or 0.3%, to 17,084.

All three exchanges on Tuesday saw 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, rose 2.9% to 21.32 at the time. The 10-year US Treasury yield fell 2.3% to 3.756%.

The dollar index fell 0.53% to 101.29, while the euro increased 0.37% to $1.1084 against the greenback.

Precious metals were in positive territory, with gold adding 0.1% to $2,496 per ounce and silver rising 0.8% to $28.28.

Oil prices were down more than 1.4%, with global benchmark Brent crude at $72.70 a barrel and US benchmark West Texas Intermediate crude at $69.23.