US stock market opens lower with volatility on rise

By Ovunc Kutlu

ANKARA (AA) - Major indexes in the US stock market opened lower on Friday, as volatility was on the rise once again.

The Dow was down 9 points, or 0.03%, to 34,742 at 9.41 a.m. EDT, while the S&P 500 decreased 9 points, or 0.2%, to 4,464.

The tech-heavy Nasdaq declined 44 points, or 0.3%, to 15,137.

The VIX volatility index, also known as the fear index, continued its increase by adding 0.5% to 18.79.

The yield on 10-year US Treasury notes jumped 3.3% to 1.375%, but the dollar index was flat at 92.92.

Oil prices fell for the second consecutive day as Brent crude was down 0.65% to $75.18 per barrel, and West Texas Intermediate declined 1% to $71.84.

Precious metals failed to recover from massive losses on previous session with gold falling another 0.2% $1,750 per ounce, and silver plummeting 1.4% to $22.6.

Bitcoin was not immune to volatility as the world's largest crypto by market cap dived to $47,126 shortly before opening bell on Wall Street, but then climbed to $47,400 at 9.47 a.m. EDT.