US stocks give up earlier gains to close lower

ISTANBUL

US stocks gave up earlier session gains and closed with losses Thursday.

The Dow Jones Industrial Average was down 249.13 points, or 0.73%, to end the day at 33,699.88. The S&P 500 fell 36.36 points, or 0.88%, to 4,081.50.

The tech-heavy Nasdaq decreased 120.94 points, or 1.02%, to finish at 11,789.58.

The VIX volatility index, also known as the fear index, jumped 5.4% to 20.69, while the 10-year US Treasury yield rose 0.8% to 3.665%.

The dollar index lost 0.15% to 103.56, while the euro gained 0.23% to $1.0734 against the greenback.

Precious metals were in the red, with gold trimming 0.7% to $1,862 per ounce and silver losing 1.5% to $21.97.

Crude oil prices were down more than 1%, with global benchmark Brent crude at $84.14 per barrel and US benchmark West Texas Intermediate crude at $77.65.