US Stocks Jumps To Recover From Last Week's Losses

US stocks jumped Tuesday at the opening, en route to recovery from last week's losses.

The Dow Jones industrial average soared 348 points, or 1%, to 35,575. The blue-chip index lost 0.9% last week, its fourth weekly decline in a row.

The S&P 500 rose 68 points, or 1.5%, to 4,660 at 9.36 a.m. EDT after it declined 1.2% last week, posting its second consecutive weekly loss.

The Nasdaq saw the largest increase at the opening, gaining 321 points, or 2.1%, to 15,547. The tech-heavy index plummeted 2.6% last week.

Despite climbing above the critical 30 level twice last week, the VIX volatility index, known as the fear index, plummeted 13.6% to 23.49.

The dollar index was up 0.2% to 96.54, while the yield on 10-year US Treasury notes gained 1.9% to 1.461%.

Precious metals were up slightly, with gold adding 0.15% to $1,781 an ounce and silver increasing 0.24% to $22.44.

Crude prices were up almost 3%, with Brent crude trading at $74.88 per barrel and US benchmark West Texas Intermediate crude at $71.58. -