US stocks open with losses after PCE figures

VIX volatility index jumps 4.5% to 21.27; gold falls 0.8% to $2,764 per ounce

By Ovunc Kutlu

ISTANBUL (AA) - US stocks opened with losses on Thursday after the release of personal consumption expenditures (PCE) price index figures for September.

The Dow Jones industrial average fell 193 points, or 0.46%, to 41,946 as of 9.36 a.m. EDT (1336GMT).

The S&P 500 was down 46 points, or 0.81% to 5,766. The Nasdaq Composite lost 230 points, or 1.23%, to 18,380.

Core PCE price index, the US Federal Reserve's preferred annual inflation indicator, came in at 2.7% in September, according to Commerce Department figures released earlier. The figure was slightly higher than expectations of 2.6%.

The figure monthly increased 0.3% in September, following a 0.2% month-on-month increase in August.

The PCE price index, which includes food and energy prices, rose 2.1% annually in September, after increasing 2.3% in August year-on-year, also coming in line with expectations.

That index increased 0.2% in September, following a 0.1% gain in August -- also in line with estimates.

The VIX volatility index, referred to as the "fear index," jumped 4.5% to 21.27. The 10-year US Treasury yield rose 0.9% to 4.304%.

The US dollar index lost 0.1% to 103.90, while the euro rose 0.3% against the dollar, trading at $1.0884.

Precious metals were in negative territory. Gold lost 0.8% to $2,764 per ounce and silver fell 1.8% to $33.16.

Oil prices increased 1.1%, with global benchmark Brent crude at $72.91 per barrel and US benchmark West Texas Intermediate at $69.36.

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