Major U.S. stock indexes closed slightly higher, extending their gains for August. The Dow Jones Industrial Average rose 0.22% on the day and is up 0.54% for the month. The S&P 500 added 0.21%, bringing its August gain to 1.41%, while the Nasdaq Composite climbed 0.16% and is now up 1.61% for the month.
Precious metals names posted much stronger moves. SPDR Gold Shares (GLD) gained 3.83% and iShares Silver Trust (SLV) rose 4.47%. Among mining stocks and related funds, Newmont (NEM) advanced 7.86%, Barrick Gold (GOLD) rose 8.94%, VanEck Gold Miners ETF (GDX) gained 9.40%, First Majestic Silver (AG) climbed 12.72%, and Coeur Mining (CDE) jumped 13.05%.
Crypto-linked stocks were mixed. Bit Brother (BTBT), Cipher Mining (CIFR), and CleanSpark (CLSK) closed lower, while Hut 8 (HUT), Riot Platforms (RIOT), MARA Holdings (MARA), Coinbase (COIN), Circle (CRCL), Bitmine (BMNR), and Strategy (MSTR) finished in positive territory. Strategy led the group with a 12.68% gain, followed by Bitmine at 10.61%, Circle at 9.56%, and Coinbase at 9.55%.
Major U.S. stock indexes ended slightly higher. The Dow Jones Industrial Average rose 0.22% and is up 0.54% so far in August. The S&P 500 gained 0.21%, bringing its August advance to 1.41%, while the Nasdaq Composite added 0.16% and is up 1.61% for the month.
Gold and silver names post strong gains
Gold- and silver-related stocks and funds rallied sharply during the session. SPDR Gold Shares (GLD) climbed 3.83%, and iShares Silver Trust (SLV) rose 4.47%.
Among individual names, Newmont (NEM) gained 7.86%, Barrick Gold (GOLD) rose 8.94%, and the VanEck Gold Miners ETF (GDX) advanced 9.40%. First Majestic Silver (AG) jumped 12.72%, while Coeur Mining (CDE) added 13.05%.
Crypto-related stocks turn in mixed performance
Crypto-linked equities were mixed. Bit Brother (BTBT) fell 3.45%, Cipher Mining (CIFR) lost 1.27%, and CleanSpark (CLSK) slipped 0.51%.
On the upside, Hut 8 (HUT) rose 1.60%, Riot Platforms (RIOT) gained 2.49%, MARA Holdings (MARA) climbed 7.70%, Coinbase (COIN) added 9.55%, Circle (CRCL) rose 9.56%, Bitmine (BMNR) advanced 10.61%, and Strategy (MSTR) gained 12.68%.
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