US stocks close with strong gains as tech leads way

By Ovunc Kutlu

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ANKARA (AA) - US stocks closed with strong gains on Tuesday with tech companies leading the way.

The Dow Jones was up 371 points, or 1.06%, to finish at 35,462. The S&P 500 gained 37 points, or 0.84%, to 4,521.

The Nasdaq jumped 178 points, or 1.28%, to close the day at 14,194.

Intel, Microsoft, Apple and Tesla saw their stock prices gain more than 1.2% apiece. Amazon, Uber and Airbnb shares were up over 2% each.

The VIX volatility index, known as the fear index, plummeted 5.16% to 21.68.

The dollar index gained 0.21% to 95.60, and the yield on 10-year US Treasury notes increased 2.46% to 1.963%.

Precious metals were on the rise, with gold adding 0.36% to $1,826 per ounce and silver rising 0.87% to $23.21.

Crude oil prices were down for a second consecutive day, posting a daily decline of 1.8%.

Brent crude was trading at $91.10 per barrel, while US benchmark West Texas Intermediate was at $89.64.