US stocks give up gains to close lower

By Ovunc Kutlu

ANKARA (AA) - The US stock market closed lower on Monday to give up its earlier gains.

The Dow was down 62 points, or 0.2%, to close at 31,438. The S&P 500 fell 11 points, or 0.3%, to 3,900.

The tech-heavy Nasdaq decreased 96 points, or 0.83%, to 11,511.

The VIX volatility index, also known as the fear index, was up 0.73% to 27.43.

The dollar index fell 0.25% to 103.92, while the 10-year US Treasury yield increased 2.2% to 3.192%.

Precious metals reversed course, with gold falling 0.3% to $1,822 and silver losing 0.05% to $21.13.

Crude prices were on the rise. Global oil benchmark Brent crude was trading at $111.12 for a 1.8% gain, while US benchmark West Texas Intermediate (WTI) was at $109.85 – up 2%.