According to Techub News, U.S. stocks closed lower across the board, with the Dow Jones Industrial Average slipping 0.02%, the S&P 500 falling 0.25% and the Nasdaq Composite dropping 0.52%. Despite the daily losses, all three indices still finished August with gains: the Dow rose 0.72%, the S&P 500 gained 1.46%, and the Nasdaq was up 1.89% for the month. Precious metals related stocks also tumbled. Coeur Mining (CDE) dropped 4.84%, First Majestic Silver (AG) declined 4.53%, the iShares Silver ETF (SLV) lost 4.37%, the gold miners ETF (GDX) fell 3.88%, Newmont (NEM) slipped 3.36%, and SPDR Gold ETF (GLD) shed 3.26%. The crypto-related group saw even steeper declines, with all ten names closing lower. MARA Holdings (MARA) plunged 10.11%, Bit Brother (BTBT) slid 10.06%, CleanSpark (CLSK) lost 9.96%, Cipher Mining (CIFR) dropped 9.54%, Riot Platforms (RIOT) fell 9.05%, Hut 8 (HUT) declined 8.85%, Circle (CRCL) slid 7.58%, Strategy (MSTR) fell 7.34%, Bitmine (BMNR) dropped 7.24%, and Coinbase (COIN) closed down 6.33%.
U.S. stocks ended lower across the board, while gold, silver and crypto-related names all fell sharply, according to Techub News.
The Dow Jones Industrial Average slipped 0.02% and still rose 0.72% for August. The S&P 500 dropped 0.25%, leaving its monthly gain at 1.46%. The Nasdaq lost 0.52%, bringing its August advance to 1.89%.
Gold and silver stocks slump
Precious-metals equities and ETFs took a heavy hit. Coeur Mining (CDE) fell 4.84%, First Majestic Silver (AG) declined 4.53%, the iShares Silver ETF (SLV) shed 4.37%, the gold miners ETF (GDX) dropped 3.88%, Newmont (NEM) lost 3.36%, and the SPDR Gold ETF (GLD) slid 3.26%.
Crypto-related stocks plunge
The crypto sector saw even steeper losses. Ten major names dropped between 6.33% and 10.11%. MARA Holdings (MARA) tumbled 10.11%, Bit Brother (BTBT) fell 10.06%, CleanSpark (CLSK) declined 9.96%, Cipher Mining (CIFR) dropped 9.54%, Riot Platforms (RIOT) lost 9.05%, Hut 8 (HUT) shed 8.85%, Circle (CRCL) slid 7.58%, Strategy (MSTR) fell 7.34%, Bitmine (BMNR) declined 7.24%, and Coinbase (COIN) closed 6.33% lower.
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