US stock market rallies to close at 1-month high

By Ovunc Kutlu

ISTANBUL (AA) - Major US stock market indexes rallied Monday to close at their highest levels in a month.

The Dow Jones Industrial Average rose 254.07 points, or 0.76%, to finish at 33,629.56. The S&P 500 added 47.20 points, or 1.19% to 4,019.81.

The tech-heavy Nasdaq jumped almost 224 points, or 2.01%, to end the first trading day of the week at 11,364.41.

The VIX volatility index, also known as the fear index, fell 0.2% to 19.81. The 10-year US Treasury yield rose 1.1% to 3.523%.

The dollar index added 0.06% to 102.07, while the euro increased 0.14% to $1.0870 against the greenback.

Precious metals were mixed, with gold rising 0.3% to $1,931 per ounce but silver shedding 2% to $23.46.

Crude oil prices were up, with global benchmark Brent crude gaining 0.6% to $88.16 per barrel and US benchmark West Texas Intermediate crude at $81.68, a 0.05% daily gain.