US stocks open with gains in bid to end 3-day losing streak

By Ovunc Kutlu

ANKARA (AA) - Major indices in the US stock market opened with gains on Friday, trying to end a three-day losing streak.

The Dow Jones increased 170 points, or 0.51%, to 33,716 at 9.34 a.m. EDT.

While the S&P 500 rose 23 points, or 0.6%, to 3,970, the Nasdaq added 62 points, or 0.56%, to 11,218.

The VIX volatility index, also known as the fear index, decreased by 2.2% to 23.41. The 10-year US Treasury yield remained unchanged at 3.778%.

The dollar index was flat at 3.8% to 106.68, still around its highest in 20 years, while the euro fell 0.04% to $1.0356 against the greenback.

Precious metals were mixed, with gold falling 0.2% to $1,757 per ounce and silver rising 0.15% to $20.98.

Oil prices plummeted more than 4%. Global benchmark Brent crude traded at $86.20 per barrel for a loss of 4.1%. US benchmark West Texas Intermediate crude was around $77.97, down 4.5%.