Nasdaq, S&P 500 lose more than 1% each at closing bell on Wall Street

By Ovunc Kutlu

ISTANBUL (AA) - The Nasdaq and the S&P 500 lost more than 1% apiece to close in the red Tuesday on Wall Street.

The S&P 500 fell 47 points, or 1.12%, to end the day at 4,145. The Nasdaq dove 160 points, or 1.26%, to close at 12,560.

The Dow Jones was off 231 points, or 0.69%, to finish the day at 33,055.

The VIX volatility index, also known as the fear index, jumped 7.7% to 18.53.

The 10-year US Treasury yield, meanwhile, declined 0.4% to 3.700%.

The dollar index was up 0.3% to 103.54, while the euro fell 0.4% to $1.0772 against the greenback.

Precious metals were mixed, with gold rising 0.1% to $1,971 per ounce but silver losing 0.8% to $23.44.

Oil prices rose almost 2% with global benchmark Brent at $77.43 per barrel and the US benchmark West Texas Intermediate sitting at $73.48.