Techub News reported that U.S. stocks closed higher on Aug. 7, with all three major indexes posting gains for the session and remaining up for the month. The Dow Jones Industrial Average added 0.28% and was up 1.61% in August, the S&P 500 rose 0.62% with a monthly gain of 2.07%, and the Nasdaq climbed 1.30%, bringing its August gain to 3.00%. Precious metals-linked names also moved sharply higher, with SPDR Gold Shares, iShares Silver Trust, Barrick Gold, First Majestic Silver, VanEck Gold Miners ETF, Newmont, and Coeur Mining all advancing. Crypto-related stocks were mixed but leaned lower overall. Cipher Mining, MARA Holdings, CleanSpark, Riot Platforms, and Hut 8 ended down, while Bit Brother, Bitmine, Strategy, Circle, and Coinbase closed in positive territory.
Techub News reported that the three major U.S. stock indexes closed higher on Aug. 7. The Dow Jones Industrial Average (^DJI) edged up 0.28% and is now up 1.61% for August. The S&P 500 (^GSPC) gained 0.62% and is up 2.07% for the month. The Nasdaq Composite (^IXIC) rose 1.30%, bringing its August gain to 3.00%.
Gold and silver names advanced
Gold- and silver-related stocks posted broad gains. SPDR Gold Shares (GLD) rose 2.26%, iShares Silver Trust (SLV) added 2.96%, Barrick Gold (GOLD) climbed 3.49%, First Majestic Silver (AG) gained 6.42%, VanEck Gold Miners ETF (GDX) rose 7.05%, Newmont (NEM) advanced 7.17%, and Coeur Mining (CDE) jumped 11.09%.
Crypto-related stocks were mixed, with most decliners
Crypto-related shares showed mixed performance, though most names finished lower. CIFR (Cipher Mining) fell 5.66%, MARA (MARA Holdings) dropped 5.26%, CLSK (CleanSpark) lost 3.53%, RIOT (Riot Platforms) fell 3.25%, and HUT (Hut 8) slipped 2.27%. On the upside, BTBT (Bit Brother) rose 1.10%, BMNR (Bitmine) gained 2.79%, MSTR (Strategy) added 3.26%, CRCL (Circle) climbed 5.39%, and COIN (Coinbase) rose 5.63%.
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