US stocks open with losses after PCE figures

ISTANBUL

US stocks opened with losses on Thursday after the release of personal consumption expenditures (PCE) price index figures for September.

The Dow Jones industrial average fell 193 points, or 0.46%, to 41,946 as of 9.36 a.m. EDT (1336GMT).

The S&P 500 was down 46 points, or 0.81% to 5,766. The Nasdaq Composite lost 230 points, or 1.23%, to 18,380.

Core PCE price index, the US Federal Reserve's preferred annual inflation indicator, came in at 2.7% in September, according to Commerce Department figures released earlier. The figure was slightly higher than expectations of 2.6%.

The figure monthly increased 0.3% in September, following a 0.2% month-on-month increase in August.

The PCE price index, which includes food and energy prices, rose 2.1% annually in September, after increasing 2.3% in August year-on-year, also coming in line with expectations.

That index increased 0.2% in September, following a 0.1% gain in August -- also in line with estimates.

The VIX volatility index, referred to as the "fear index," jumped 4.5% to 21.27. The 10-year US Treasury yield rose 0.9% to 4.304%.

The US dollar index lost 0.1% to 103.90, while the euro rose 0.3% against the dollar, trading at $1.0884.

Precious metals were in negative territory. Gold lost 0.8% to $2,764 per ounce and silver fell 1.8% to $33.16.

Oil prices increased 1.1%, with global benchmark Brent crude at $72.91 per barrel and US benchmark West Texas Intermediate at $69.36.