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US stock market opens lower with strong selloffs

US stock market opens lower with strong selloffs
VIX volatility index jumps 17.33% to 33.85

By Tuba Sahin

ANKARA (AA) - Major US stock market indices opened down on Monday, with strong selloffs.

The Dow Jones industrial average was down 471.2 points, or 1.38%, to 33,794 at 9.30 a.m. EDT (1430GMT).

The S&P 500 fell 74.4 points, or 1.69%, to 4,323 while the Nasdaq lost 295.9 points or 2.15% to 14,473.

The VIX volatility index, known as the fear index, jumped 17.33% to 33.85.

The dollar index gained 0.41% to 96.03, while the yield on 10-year US Treasury notes rose 2% to 1.743%.


source: News Feed
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