US shares start Monday’s session with mixed figures before Fed gathering

(MENAFN) US share market started with mixed figures on Monday, two days in advance of the key monetary verdict of the Federal Reserve.

The Dow Jones Industrial Average was 54 points higher, or 0.17 percent, to stand at 34,030 as of 10:18 AM EDT (1518GMT).

The S&P 500, on the other hand, lost 16 points, or 0.41 percent to reach an amount of 4,053.

The tech-heavy Nasdaq fell 116 points, or 1 percent, to stand at 11,505 at the time.

The VIX volatility index, also known as the fear index, climbed 7.6 percent to reach 19.86, whereas the 10-year US Treasury yield surged by 0.6 percent to reach 3.538 percent.

The dollar index decreased by 0.06 percent to reach 101.86, whereas the euro jumped 0.15 percent to USD1.0885 in comparison with the dollar.

Precious metals were up and down, with gold declining 0.03 percent to reach USD1,927 an ounce but silver surging 0.4 percent to USD23.69.

Crude oil rates were lower 0.9 percent with international main Brent crude standing at USD85.60 a barrel as well as US benchmark West Texas Intermediate crude trading at USD78.91.


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