Down Jones sole riser, Nasdaq falls to 32-session low

Most of US stocks failed to hold early gains on Thursday, July 25, amid a sharper-than-expected acceleration in US economic growth in the second quarter, which might delay the end of the monetary tightening cycle.

The Dow Jones Industrial Average outperformed the major averages, rising 81 points, or 0.2%, to close at 39,935. The 30-stock index surged to 40,438 points during the session.

The S&P 500 Index declined 0.5% to finish at 5,399, while the Nasdaq Composite Index dropped 0.95%, or 160 points, to settle at 17,181, the lowest level since June 7 (17,133 points).

Elsewhere, the STOXX Europe 600 Index edged down 0.7% to 508.6 points.

FTSE 100 closed 0.4% up at 8,186 points. Germany’s DAX 40 Index declined 0.5% to 18,298 points. The CAC 40 Index lost nearly 1.15% to 7,427 points.

The Nikkei 225 shed 3.3% to 37,869 points. TOPIX also slumped 3% to 2,709 points.

In the oil market, Brent crude futures for September delivery rose by 0.8%, or 66 cents, to $82.37 a barrel.

Meanwhile, WTI crude for September delivery gained by 0.9%, or 69 cents, to $78.28 a barrel.

As for gold, the prices of gold futures for August delivery fell by 2.55%, or $62.2, to $2,353.50 per ounce.