US stocks higher after Biden quits presidential race
Nasdaq jumps 184 points, or 1.04 %
By Ovunc Kutlu
ISTANBUL (AA) - Major stock exchanges in the US were higher on Monday, a day after President Joe Biden decided to withdraw from the Nov. 5 presidential election.
The Dow Jones industrial average was up 171 points, or 0.43% to 40,459 at 12.21 p.m. EDT. (1621GMT). The blue-chip index rose 0.72% last week.
The S&P 500 increased 36 points, or 0.65%, to 5,540 after the index last week lost 1.97%.
The Nasdaq jumped 184 points, or 1.04%, to17,911. The tech-heavy index recorded a decline of 3.65% for last week.
Both the S&P 500 and the Nasdaq last week posted their largest weekly losses since April.
The VIX volatility index, also known as the fear index, dove 6.2% to 15.49 at the time. The 10-year US Treasury yield added 0.73% to 4.270%.
The dollar index decreased 0.02% to 104.36, while the euro rose 0.07% to $1.0885 against the greenback.
Precious metals were in negative territory, with gold falling 0.5% to $2,388 per ounce and silver decreasing 0.57% to $29.05.
Oil prices were down around 0.3%, with global benchmark Brent crude at $82.34 and US benchmark West Texas Intermediate at $78.34
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