US stocks open with gains, on recovery from previous losses

By Ovunc Kutlu

ANKARA (AA) - Major indices in the US stock market opened with gains on Friday, on recovery from the previous day's losses.

The Dow Jones industrial average was up 246 points, or 0.74%, to 33,419 at 9.42 a.m. EDT (1442GMT). The S&P 500 rose 21 points, or 0.49%, to 4,280.

The Nasdaq increased 40 points, or 0.31%, to 13,170.

The indices closed lower on Thursday with risks amid Russia's war in Ukraine and annual US consumer inflation climbing to 7.9% in February, its highest in more than 40 years.

The VIX volatility index, known as the fear index, was down 2.2% to 29.57. The yield on 10-year US Treasury notes fell 0.77% to 1.993%.

The dollar index, on the other hand, gained 0.06% to 98.57.

Precious metals showed some retreat with gold falling 1.3% to $1,970 per ounce and silver losing 0.66% to $25.75.

Crude oil prices were up more than 1%.

Global oil benchmark Brent crude was trading at $110.5 per barrel, up 1.1% at 9.46 a.m. EDT, while the US benchmark West Texas Intermediate (WTI) was at $107 a barrel -- a 1.05% gain.