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US stocks close lower; Dow falls into negative territory

US stocks close lower; Dow falls into negative territory
Tech shares continue to suffer losses for 2nd straight day

By Ovunc Kutlu

ISTANBUL (AA) - US stocks closed lower Tuesday while the Dow dove into negative territory despite starting the day in the green.

The Dow fell 37 points, or 0.12%, to finish at 32,394. The S&P 500 shed six points, or 0.16% to 3,971.

The Nasdaq lost 52 points, or 0.45%, to close the session at 11,716 after the tech-heavy index finished the previous day 0.47% in the red, as technology companies continued to suffer losses for a second consecutive day.

The VIX volatility index, also known as the fear index, dove 3.1% to 19.96, while the 10-year US Treasury yield gained 0.6% to 3.549%.

The dollar index lost 0.5% to 102.36, while the euro added 0.5% to $1.0850 against the greenback.

Precious metals were on the rise -- gold adding 0.9% to $1,974 per ounce and silver increasing 1.1% to $23.33.

Crude oil prices rose around 0.8% with global benchmark Brent crude at $78.36 per barrel and US benchmark West Texas Intermediate crude at $73.46.

source: News Feed
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