US stocks open higher with decline in yields, dollar

ANKARA

Major indexes in the US stock market opened higher Tuesday with decline in yields and US dollar.

The Dow Jones was up 107 points, or 0.3%, to 34,501 at 9.38 a.m. EDT (1338GMT) with investment banking majors Goldman Sachs and JPMorgan gaining more than 1.3% apiece.

The S&P 500 added 13 points to 4,210 with Tesla gaining 0.9%. The Nasdaq rose 66 points, or 0.5%, to 13,727 with Moderna soaring 3.2% after the pharma firm said its vaccine is 100% effective among ages 12-17.

The VIX volatility index was down for a second consecutive day by 0.1% to 18.37, while the yield on 10-year US Treasury bonds fell 1.1% to 1.591%.

US dollar index, which shows the strength of the greenback against a basket of six other major currencies, declined 0.1% to 89.76. Euro gained 0.3% against the dollar by reaching 1.2254.

The decline in volatility and American dollar indicated that investors have been moving from safer bets to riskier assets.

After rallying more than 11% on Monday to recover from its two-week slump, Bitcoin was trading around $37,600 at the time.