US stocks open higher, trying to recover from losses

ANKARA

Major US stock indexes opened higher Tuesday, trying to recover from the previous day's losses.

The Dow Jones industrial average rose 400 points, or 1.15%, to 35,331 at 9.39 a.m. EDT, after the blue-chip index fell 433 points, or 1.23%, on Monday.

The S&P 500 was up 46 points, or 1.01%, to 4,613 at the time, after declining 52 points, or 1.14%, during the previous session.

The Nasdaq jumped 147 points, or 0.98%, to 15,120 after the tech-heavy index fell 188 points, or 1.24%, on Monday.

The losses came because of rising cases of the omicron coronavirus variant creating worries for investors.

Amid omicron fears, the VIX volatility index rose 6.5% to 22.97 on Monday, but the fear index was down 3.76% to 22.01 shortly after the opening bell Tuesday.

The dollar index was down 0.05% to 96.50, while the yield on 10-year US Treasury notes was flat at 1.450%.

Precious metals were on the rise with gold adding 0.22% to $1,794 per ounce and silver increasing 1.5% to $22.6.

Although crude prices took a dive Monday with the omicron variant wakening the global oil demand outlook, they were in recovery mode Tuesday. The price of Brent crude was trading at $72.88 per barrel with a 1.9% gain, while US benchmark West Texas Intermediate crude was at $70.21 -- a 2.3% increase.

After weeks of decline, the price of Bitcoin recovered 6.6% to $48,700, while some altcoins were up as much as 15%.

The crypto market's total value was at around $2.26 trillion with a 6.3% daily gain, according to data by digital asset price-tracking website CoinMarketCap.