Dow Jones loses 300 points at close as banks stir credit crisis

US stocks ended in the red territory on Thursday, as bad loans at two regional banks stirred concern about a credit crisis.

The Dow Jones Industrial Average fell 0.65% (-301 points) to 45,952 at the close, after touching an intraday high of 46,422.

The broader S&P 500 lost 0.63% (-42) to 6,629, while the Nasdaq Composite Index eased 0.47% (-107) to 22,562.

In Europe, the Stoxx Europe 600 rose 0.69% to 571, erasing its weekly losses as the food & beverage sector climbed more than 4%.

The UK’s FTSE 100 added 0.12% to 9,436. Germany’s DAX gained 0.38% to 24,272, and France’s CAC 40 advanced 1.38% to 8,188.

In Japan, the Nikkei 225 rose 1.25% to 48,277, while the broader Topix added 0.60% to 3,203.

On oil, Brent December futures fell 1.37% (–$0.85) to $61.06 a barrel, while November WTI declined 1.39% (–$0.81) to $57.46.

Gold rose sharply, with December futures up 2.45% (+$103) to $4,304.60 per ounce — the contract’s 48th record close of 2025.