US stocks open higher as investors try to recover from steep losses

By Ovunc Kutlu

ISTANBUL (AA) - US stocks opened higher Thursday as investors tried to recover from steep losses suffered in recent days.

The Dow Jones industrial average was up 118 points, or 0.36%, to 33,173. The S&P 500 rose 26 points, or 0.65%, to 4,017.

The Nasdaq added 93 points, or 0.81%, to 11,600 at the time.

Indices plummeted by as much as 2% in recent days as the Federal Reserve minutes showed central bank officials want to see more proof of easing inflation to make sure prices are on a falling trend.

The VIX volatility index, also known as the fear index, was down 3.7% to 21.46. The 10-year US Treasury yield, meanwhile, rose 0.06% to 3.925%.

The dollar index was up 0.02% to 104.61, while the euro added 0.05% to $1.0606 against the greenback.

Precious metals were in positive territory, with gold adding 0.04% to $1,826 an ounce and silver rising 0.33% to $21.56.

Oil prices were up around 2%, with global benchmark Brent crude at $82.12 per barrel and US benchmark West Texas Intermediate at $75.50.