US stocks bounce back to close in positive territory

ISTANBUL

US stock bounced back to close Tuesday with slight gains despite opening in the red.

The Dow rose 10 points, or 0.03%, to finish the day at 33,573 after the blue-chip index fell to as low as 33,399 points during the session.

The S&P 500 added 10 points, or 0.24%, to close at 4,283 -- 42 points shy of its 52-week high of 4,325.

The tech-heavy Nasdaq gained almost 47 points, or 0.36%, to end the session at 13,276, driven by e-commerce firm Etsy which jumped 5.6%.

Coinbase, on the other hand, saw its stock price plummet 12.1% after the cryptocurrency trading platform was charged with violating US exchange and securities laws.

Despite moves by the US Securities and Exchange Commission against Coinbase, and Binance on Monday, the crypto market saw some recovery, partially reclaiming massive losses in the previous session.

The price of Bitcoin rose 5.9% to $27,160 at 4.18 p.m. EDT, while the total value of the crypto market was up 4.5% to $1.14 trillion, according to data from the digital asset price-tracking website, CoinMarketCap.

The VIX volatility index, also known as the fear index, plummeted 5.2% to 13.96. The 10-year US Treasury yield, meanwhile, shed 0.28% to 3.682%.

The dollar index added 0.14% to 104.12, while the euro lost 0.2% to $1.0692 against the greenback.

Precious metals were slightly up, with gold adding 0.07% to $1,963 per ounce and silver rising 0.12% to $23.60.

Oil prices fell around 0.9%, with global benchmark Brent crude at $76.04 per barrel and US benchmark West Texas Intermediate crude at $71.50.