Nasdaq snaps 8-session winning streak, Dow Jones gains 300 points

Most US indices ended Thursday in the red amid concerns about economic slowdown and the ongoing monetary tightening cycle.

The Dow Jones Industrial Average rose by 0.75%, or 300 points, to settle at 39,134 points, extending its uptrend for the third straight day.

The S&P 500 index dropped by 0.25%, or 13 points, to 5,473 points. The Nasdaq Composite Index lost 0.8%, or 140 points, to 17,721 points, ending an eight-session winning streak.

As for European markets, the STOXX Europe 600 inched up 0.95% to 518.9 points, its highest level since June 12 (522.8 points).

The British FTSE index rose by 0.8% to close at 8,272 points, while the German DAX index gained 1% to 18,254 points, and the French CAC 40 index leapt 1.35% to 7,671 points.

The Nikkei index rose 0.15% to 38,633 points, and the broader Topix index fell 0.1% to 2,725 points.

Brent crude futures for August delivery rose 0.45%, or 38 cents, to $85.71 per barrel.

WTI crude for July delivery increased 0.75%, or 60 cents, at $82.17 per barrel.

Regarding gold, futures prices for August delivery rose by 0.95%, or $22.1, to $2,369 per ounce, the highest since June 6 ($2,390.9).