US stocks open mixed after private payrolls report

By Ovunc Kutlu

ISTANBUL (AA) - US stock exchanges opened Wednesday on a mixed note after private payrolls showed job gains rose last month less than market estimates.

The Dow Jones was down 41 points, or 0.11%, to 38,670 at 9.57 a.m. EDT (1357GMT).

The S&P 500, on the other hand, rose 16 points, or 0.31%, to 5,307. The Nasdaq jumped 131 points, or 0.77%, to 16,989.

Nvidia saw its shares reaching an all-time high of $1,193.81 at the time for a daily gain of nearly 2.5% as demand for artificial intelligence (AI) remains strong worldwide.

US private payrolls rose by 152,000 in May, less than market estimates, according to a report released earlier by ADP Research Institute. The market expectation for the figure was to show an increase of 173,000 jobs.

The VIX volatility index, also known as the fear index, fell 0.9% to 13.03. The 10-year US Treasury yield fell 0.44% to 4.314%.

The dollar index rose 0.1% to 104.22, while the euro added 0.04% to $1.0882 against the greenback.

Precious metals were in positive territory, with gold increasing 0.57% to $2,340 and silver rising 0.24% to $29.59.

Oil prices were up around 0.4% with global benchmark Brent crude at $77.86 and US benchmark West Texas Intermediate at $73.58 per barrel.