US stocks close higher, post weekly gains

By Ovunc Kutlu

ISTANBUL (AA) - Major US stock indices closed higher Friday and posted weekly gains.

The Dow Jones industrial average rose 28 points, or 0.08%, to finish at 33,978. The blue-chip index gained 1.8% this week.

The S&P 500 added 10 points, or 0.25% to close Friday at 4,070 as it posted a weekly gain of 2.5%.

The Nasdaq jumped 109 points, or 0.95%, to end the session at 11,621. The tech-heavy index recorded a massive 4.3% increase for the week.

The VIX volatility index, also known as the fear index, was down 1.2% at 18.50, while the 10-year US Treasury yield rose 0.7% to 3.516%.

The dollar index added 0.1% to 101.94, while the euro lost 0.2% to $1.0867 against the greenback.

Precious metals were down, with gold trimming 0.1% to $1,927 per ounce and silver falling 1.4% to $23.58.

Crude oil prices reversed course and dove into negative territory. Global benchmark Brent crude declined 1.2% to $86.41 per barrel and US benchmark West Texas Intermediate crude was at $79.45 for a 1.9% daily loss.