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US stock markets close lower, failing to remain in positive territory Featured

By December 17, 2021 2306
US stock markets close lower, failing to remain in positive territory

Major US stock indexes closed lower Thursday, despite a strong opening. 

The Dow Jones Industrial Average fell 29 points, or 0.08%, to 35,897. The S&P 500 was down 41, or 0.87%, to 4,668.

The Nasdaq plummeted 385 points, or 2.47%, to 15,180 with a selloff in tech companies' stocks.

Although the VIX volatility index was down after the opening bell, the fear index reversed course and rose 6.6% to 20.57.

The dollar index was down 0.55% to 95.98, and the yield on 10-year US Treasury notes declined 2.36% to 1.428%.

Precious metals were on the rise, with gold adding 1.24% to $1,798 per ounce and silver increasing 1.8% to $22.47.

Crude prices were up around 1%, with Brent crude trading at $74.59 per barrel and US benchmark West Texas Intermediate crude at $71.92./agencies

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