Dow, S&P end Monday higher, Nasdaq down with tech woes

Dow, S&P end Monday higher, Nasdaq down with tech woes

Oil prices soar around 4%

By Ovunc Kutlu

ISTANBUL (AA) - Dow Jones and S&P 500 closed Monday higher, but Nasdaq was down with tech woes as US charged the world's biggest cryptocurrency exchange platform Binance.

The blue-chip Dow added 194 points, or 0.6%, to finish the first trading day of the week at 32,432. The S&P 500 rose 6 points, or 0.16% to 3,977.

The exchanges gained as a buyout deal of the demised Silicon Valley Bank calmed investors' worries about the US banking sector.

Tech-heavy Nasdaq, on the other hand, closed the session at 11,768 with a loss of 55 points, or 0.47%.

Technology companies' stocks suffered losses with worries, after the US' Commodity Futures Trading Commission charged crypto platform Binance with "willful evasion of federal law" and "operating an illegal digital asset derivatives exchange."

VIX volatility index, also known as the fear index, fell 5.1% to 20.63, while the 10-year US Treasury yield rose 4.6% to 3.535%.

The dollar index lost 0.26% to 102.85, while the euro added 0.36% to $1.0797 against the greenback.

Precious metals were in negative territory, with gold falling 1.1% to $1,957 per ounce and silver trimming 0.7% to $23.08.

Crude oil prices soared around 4% with global benchmark Brent crude at $77.84 per barrel and US benchmark West Texas Intermediate crude at $73.03.

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