US indices in jeopardy of ending rallies as market turns lower after mixed opening

By Ovunc Kutlu

ANKARA (AA) - Major indices in the US turned negative territory after a mixed opening Tuesday, while the S&P 500 and the Nasdaq were at risk of ending rallies.

After the Dow Jones was down 40 points, or 0.11%, at the opening bell, the blue-chip index extended its losses, plummeting to 36,279 points for a 152-point drop, or 0.42% loss at 10.08 a.m. EDT.

The S&P 500 opened higher but fell 21 points, or 0.45%, to 4,680, putting its ninth consecutive daily increase in jeopardy.

The Nasdaq also opened in positive territory but the tech-heavy index was off 119, or 0.75%, to 15,863. It was headed for its 12th daily gain in a row before turning red.

The VIX volatility index, known as the fear index, was up 5.6% to 18.23.

The yield on 10-year US Treasury notes, on the other hand, fell 3.5% to 1.444%, while the US dollar index was down 0.07% to 93.98.

Oil prices were up with international benchmark Brent crude trading at $83.66 per barrel -- a 0.28% gain. US benchmark West Texas Intermediate rose 0.62% to $82.44.

Precious metals were down with gold losing 0.1% to $1,822 per ounce and silver falling 1.5% to $24.09.

After climbing to a new all-time high of $68,444 earlier, Bitcoin was trading at $66,970 -- a 2.5% daily gain.

US producer prices remained at 8.6% in October on an annual basis, unchanged from the previous month's increase, the Labor Department said earlier.

The Producer Price Index (PPI), which measures changes in the price of goods and services from a producer perspective, was up 0.6% in October from the previous month, after rising 0.5% in September.