U.S. stocks finished broadly higher, with all three major indexes posting gains. The Dow Jones Industrial Average rose 1.71%, the S&P 500 added 1.79%, and the Nasdaq climbed 2.59%. Each index was also up by the same percentage for August on a cumulative basis, according to the update.
Precious metals names outperformed during the session. The VanEck Gold Miners ETF (GDX) gained 2.43%, Newmont (NEM) rose 2.48%, and the iShares Silver Trust (SLV) advanced 2.63%. Among individual mining stocks, Coeur Mining (CDE) increased 4.24%, while First Majestic Silver (AG) climbed 5.09%.
Crypto-related equities turned in a mixed performance. Cipher Mining (CIFR) dropped 15.65%, Hut 8 (HUT) fell 9.74%, and CleanSpark (CLSK) lost 3.28%. MARA Holdings (MARA) finished flat. On the upside, Riot Platforms (RIOT) gained 0.65%, Bit Brother (BTBT) rose 2.17%, Coinbase (COIN) added 2.89%, Strategy (MSTR) climbed 2.94%, Bitmine (BMNR) rose 3.76%, and Circle (CRCL) advanced 4.96%.
All three major U.S. stock indexes closed higher. The Dow Jones Industrial Average rose 1.71% and was also up 1.71% for August. The S&P 500 gained 1.79%, bringing its August gain to 1.79%. The Nasdaq climbed 2.59%, with its cumulative August gain also at 2.59%.
Gold and silver shares post strong gains
Gold and silver names moved sharply higher. The Gold Miners ETF (GDX) rose 2.43%, Newmont (NEM) added 2.48%, and the iShares Silver ETF (SLV) gained 2.63%. Coeur Mining (CDE) advanced 4.24%, while First Majestic Silver (AG) rose 5.09%.
Crypto-related stocks diverge
Crypto-linked stocks were mixed in the session. Cipher Mining (CIFR) fell 15.65%, Hut 8 (HUT) lost 9.74%, and CleanSpark (CLSK) dropped 3.28%. MARA Holdings (MARA) closed flat. Riot Platforms (RIOT) rose 0.65%, Bit Brother (BTBT) gained 2.17%, Coinbase (COIN) added 2.89%, Strategy (MSTR) rose 2.94%, Bitmine (BMNR) climbed 3.76%, and Circle (CRCL) advanced 4.96%.
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