US stocks open mixed as markets await Fed chair's speech

(MENAFN) US shares started with mixed figures on Tuesday as markets anticipate Federal Reserve Chair Jerome Powell's address.

The Dow Jones was 105 points lower, or 0.31 percent, to stand at 33,785 as of 9.45 AM EDT (1445GMT).

The S&P 500 decreased by 6 points, or 0.16 percent, to reach 4,104.

The tech-heavy Nasdaq, on the other hand, surged 12 points, or 0.11 percent, to stand at 11,900 at the time.

The VIX volatility index, also recognized as the fear index, was higher 1.8 percent standing at 19.79, whereas the 10-year US Treasury yield increased 0.5 percent to reach 3.651 percent.

The dollar index gained 0.2 percent to amount to 103.80, whereas the euro dropped 0.4 percent to USD1.0685 versus the dollar.

Precious metals were recorded with ups and downs, with gold surging 0.1 percent to reach USD1,870 an ounce but silver declining 0.3 percent to reach USD22.20.

Crude oil costs were higher with over 1.1 percent, with global benchmark Brent crude at USD81.85 a barrel whereas US benchmark West Texas Intermediate crude reaching USD75.22.


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