U.S. equities opened mixed on Tuesday, with the Dow Jones Industrial Average up 0.36%, while the S&P 500 slipped 0.06% and the Nasdaq fell 0.49%. Crypto-related equities broadly underperformed at the open. Cipher Mining dropped more than 5%, while Hut 8 and Riot Platforms each lost more than 3%. CleanSpark fell nearly 3%, MARA Holdings declined more than 2%, and Bit Brother and Circle were both down more than 1%. Bitmine edged lower by 0.06%. A few names diverged from the broader weakness, however: Strategy gained more than 1%, and Coinbase rose 0.14%. The early session points to softer sentiment in listed crypto stocks despite the Dow posting gains.
Major U.S. indexes open in different directions
According to Techub News, U.S. stocks opened with mixed performance. The Dow Jones Industrial Average rose 0.36%, while the S&P 500 slipped 0.06% and the Nasdaq declined 0.49%. The opening moves suggested uneven risk appetite across the market, with tech-heavy names showing relative weakness.
Crypto-linked stocks mostly move lower
Crypto-related equities broadly traded lower at the open. Cipher Mining fell more than 5%, while Hut 8 and Riot Platforms each dropped more than 3%. CleanSpark lost nearly 3%, and MARA Holdings declined more than 2%. Bit Brother and Circle were both down more than 1%, while Bitmine posted a marginal decline of 0.06%. In contrast, Strategy rose more than 1%, and Coinbase added 0.14%, standing out against the broader weakness in the sector.
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