Dow loses more than 200 points, Nasdaq also ends negative
Apple, IBM each fall 2.4%
By Ovunc Kutlu
ANKARA (AA) - The Dow lost more than 200 points to extend its losing streak Thursday as the Nasdaq also turned negative before the final bell despite a strong opening.
The blue-chip was down 236 points, or 0.75%, to end at 31,253. The S&P 500 lost 23 points, or 0.58%, to finish at 3,900.
The tech-heavy Nasdaq gave up gains near the closing bell and fell almost 30 points, or 0.26%, to close at 11,388.
Apple and IBM saw their stock decline 2.4% each.
Although the negative sentiment of investors continue, the VIX volatility index known as the fear index was down 5.2% to 29.35.
While the dollar index fell 0.93% to 102.84, the 10-year US Treasury yield lost 1.06% to 2.853%.
Precious metals were on the rise, as gold added 1.4% to $1,841 and silver jumped 2.5% to $21.94.
Crude prices were up with global oil benchmark Brent crude trading at $111.22 for a 1.9% gain, while US benchmark West Texas Intermediate (WTI) was at $108.94 -- a 1.8% increase.
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