US stocks open mixed; Nasdaq fails to climb into positive territory

US stocks open mixed; Nasdaq fails to climb into positive territory

Tech-heavy index down 0.54% shortly after opening bell after finishing previous day with 0.47% loss

By Ovunc Kutlu

ISTANBUL (AA) - US stocks opened mixed Tuesday, while the Nasdaq failed to climb into positive territory after the index closed the previous session with losses amid new tech woes.

The Dow added 14 points, or 0.04%, to 32,446 at 9.49 a.m. EDT. The S&P 500, on the other hand, fell 7 points, or 0.18% to 3,970.

The Nasdaq was down 63 points, or 0.54%, to 11,705 after the tech-heavy index finished the previous day 0.47% in the red.

Technology companies' stocks suffered losses Monday amid new worries after the US Commodity Futures Trading Commission charged crypto platform Binance with "willful evasion of federal law" and "operating an illegal digital asset derivatives exchange."

The VIX volatility index, also known as the fear index, rose 1.9% to 20.99, while the 10-year US Treasury yield gained 1% to 3.562%.

The dollar index lost 0.3% to 102.55, while the euro added 0.3% to $1.0828 against the greenback.

Precious metals were mixed, with gold adding 0.3% to $1,962 per ounce and silver trimming 0.2% to $23.01.

Crude oil prices fell around 0.3% with global benchmark Brent crude at $77.56 per barrel and US benchmark West Texas Intermediate crude at $72.69.


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