US stock market bounces back to positive despite weekly losses

By Ovunc Kutlu

ANKARA (AA) - US stocks bounced back from a three-day losing streak and closed higher on Friday, but posted weekly losses.

The Dow Jones industrial average was up 225 points, or 0.65%, to 35,120 at the final bell. The blue-chip index fell 1.11% for the week.

The S&P 500 rose 35 points, or 0.81%, to 4,441, but posted a weekly decline of 0.58%.

The Nasdaq soared 172, or 1.19%, to 14,714. However, the tech-heavy index lost 0.73% this week.

After four consecutive days of increase, the VIX volatility index, known as the fear index, plummeted 14.3% to 18.56. The dollar index fell 0.14% to 93.44.

The yield on 10-year US Treasury notes, on the other hand, rose by 1.18% to 1.257%.

Precious metals were mixed as gold rose 0.05% to $1,781 per ounce, but silver trimmed 1% to $23.02.

Brent crude was at $65.66 per barrel with a 2.1% decline, and West Texas Intermediate shed 2.5% to $61.92.