US stocks open higher, on recovery from last week’s losses

ANKARA (AA) – Major indexes in the US stock market opened higher on Monday as they were trying to recover from last week’s losses.

The Dow Jones was up 145 points, or 0.4%, to 34,353 at 9.43 a.m. EDT (1343GMT). The S&P 500 increased 29 points, or 0.7%, to 4,184. The Nasdaq soared 142 points, or 1%, to 13,613 with Twitter, Moderna and Novavax adding 2% apiece.

Although the tech-heavy Nasdaq snapped a 4-week losing streak on Friday’s close, the Dow and the S&P 500 posted a second consecutive week of losses.

The recovery in the indexes came as the VIX volatility index was down 3.8% to 19.38 level, which showed that investors’ appetite has increased for riskier assets.

Bitcoin bounced back to $38,000 at the time with a 12.5% daily gain, after the world’s leading crypto briefly tanked below $30,000 last week.

US dollar index, which shows the strength of the greenback against a basket of six other major currencies, was down 0.2% to 89.83 at the time. Euro was up against the dollar 0.2% with 10.25.

While gold was flat at $1,882 per ounce, silver was $27.78 at the time with a 0.8% daily increase.

Source: Anadolu Agency