New York: 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 and P 500 was down 46 points, or 0.81% to 5,766. The Nasdaq Composite lost 230 points, or 1.23%, to 18,380. According to Anadolu Agency, the Core PCE price index, the US Federal Reserve's preferred annual inflation indicator, came in at 2.7% in September, slightly higher than expectations of 2.6%. The monthly figure 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, aligning with expectations. Additionally, the index increased 0.2% in September, following a 0.1% gain in August, also meeting estimates. The VIX volatility index, known as the "fear index," jumped 4.5% to 21.27. Meanwhile, the 10 -year US Treasury yield rose 0.9% to 4.304%. The US dollar index decreased by 0.1% to 103.90, while the euro rose 0.3% against the dollar, trading at $1.0884. Precious metals were in negative territory, with gold dropping 0.8% to $2,764 per ounce and silver falling 1.8% to $33.16. In contrast, oil prices increased by 1.1%, with global benchmark Brent crude at $72.91 per barrel and US benchmark West Texas Intermediate at $69.36.
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