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US stocks give up gains to close lower

By June 28, 2022 2248
US stocks give up gains to close lower

The US stock market closed lower on Monday to give up its earlier gains. 

The Dow was down 62 points, or 0.2%, to close at 31,438. The S&P 500 fell 11 points, or 0.3%, to 3,900.

The tech-heavy Nasdaq decreased 96 points, or 0.83%, to 11,511.

The VIX volatility index, also known as the fear index, was up 0.73% to 27.43.

The dollar index fell 0.25% to 103.92, while the 10-year US Treasury yield increased 2.2% to 3.192%.

Precious metals reversed course, with gold falling 0.3% to $1,822 and silver losing 0.05% to $21.13.

Crude prices were on the rise. Global oil benchmark Brent crude was trading at $111.12 for a 1.8% gain, while US benchmark West Texas Intermediate (WTI) was at $109.85 – up 2%./agencies

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