Tuba Onğun
April 04, 2022•Update: April 04, 2022
ANKARA
Major indices in the US stock market opened mixed on Monday amid heightened concerns over the possibility of tougher sanctions against Russia.
The Dow Jones fell 33.9 points, or 0.10%, to 34,784 at 9.31 a.m. EDT (1331GMT).
The S&P 500 was largely stable at 4,546 points, while the Nasdaq rose by 42.8 points, or 0.30%, to 14,304.
The VIX volatility index, known as the fear index, climbed 3.36% to 20.30 and the dollar index increased 0.29% to 98.91.
Precious metals were on the rise, with gold increasing 0.44% to $1,932 per ounce and silver inching up 0.07% to $24.67 as of 9.31 a.m. EDT (1331GMT).
Oil prices increased on Monday as the Russia-Ukraine war continues to strain global oil markets, which were already seeing heightened price volatility.
The latest jump came days after the US unveiled a plan to release oil reserves to drive down soaring fuel prices.
Meanwhile, a two-month cease-fire in Yemen between the Saudi-led coalition and Iran-backed Houthis may alleviate some pressure on global oil prices.
Global oil benchmark Brent crude was trading at $107.34, up 2.83%, while US benchmark West Texas Intermediate (WTI) was at $102.62 with a 3.37% gain.
