US stocks market opens with gains

By Ovunc Kutlu

ANKARA (AA) - Major US indices opened with gains on Friday, trying to recover from losses in the past two sessions caused by record-high inflation.

The Dow Jones was up 97 points, or 0.27%, to 36,018 points at 9.40 a.m. EDT (1440GMT). The S&P 500 rose 4 points, or 0.1%, to 4,653.

The Nasdaq added 15, or 0.1%, to 15,719.

The consumer price index (CPI) rose 6.2% in October, the largest 12-month increase since November 1990, according to the Labor Department on Wednesday. Core CPI jumped 4.6% year-on-year, its largest 12-month rise since August 1991.

Despite seeing a daily high of 17.69 amid worries of high inflation, the VIX volatility index was down to 17.28 for a 2.1% decline at the time.

The yield on 10-year US Treasury notes rose 0.1% to 1.560%, while the US dollar index was almost flat at 95.20.

Oil prices reversed course with international benchmark Brent crude falling 1% to $82.08 per barrel. US benchmark West Texas Intermediate declined 1.2% to $80.64 a barrel.

After consecutive days of increase, precious metals were down with gold losing 0.2% to $1,858 per ounce and silver decreased 0.7% to $25.08.

Despite climbing to an all-time high of $69.000 on Wednesday, Bitcoin was down 1.7% to $63,630 at the time.