US stocks open higher despite rising dollar index

US stocks open higher despite rising dollar index

US stocks opened higher on Friday to kick off the last trading day of May in a positive note despite rising US dollar index.

The Dow Jones added 114 points, or 0.3%, to 34,578 at 9.43 a.m. EDT (1343GMT) with Microsoft adding 1.1%. The S&P 500 rose 11 points to 4,211 as Tesla gained 0.5%.

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The Nasdaq increased 70 points, or 0.5%, to 13,806 with AMC Entertainment and Blackberry soaring 23% and 9.7%, respectively.

The VIX volatility index was down for a fifth consecutive day by 1.8% to 16.44. The yield on 10-year US Treasury also fell 0.9% to 1.596%.

The dollar index, which shows the strength of the greenback against a basket of six other major currencies, however, showed a significant increase of 0.3% to 90.27 level.

Bitcoin continued its volatile trading by shaving more than 7% to dive below $37,000. Ethereum lost over 8% to $2,590.

Gold has resumed its rally by adding 0.1% to $1,898, but silver still remained weak by losing 0.4% at 27.72.

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