US stocks open higher to recover as volatility down 10%

US stocks open higher to recover as volatility down 10%

Nasdaq adds 1%, VIX volatility index down 13%

By Ovunc Kutlu

ANKARA (AA) - Major indexes in the US stocks market opened higher Friday, continuing their recovery from losses earlier in the week as volatility has taken a dive.

The Dow Jones was up 188 points, or 1.5%, to 34,224 at 9.40 a.m. EDT (1340GMT) with Coca-Cola and JPMorgan adding 1% each.

The S&P 500 increased 33, or 0.8%, to 4,144, while the Nasdaq added 122, or 1%, to 13,248 as Facebook soared 2.2%.

The indexes plummeted during the first three trading days of the week days after the World Health Organization said Monday it was reclassifying the triple-mutant coronavirus variant in India a concern, indicating it has become a global health threat, which caused worries among investors.

The VIX volatility index, however, managed to recover Friday to 20.12 level with a 13% decline. The yield on 10-year US Treasury bonds was also down 2.2% to 1.632%.

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