Wall Street ended higher as the Nasdaq outperformed, while gold and silver stocks tumbled and crypto-related shares traded mixed. The Dow rose 0.13%, the S&P 500 gained 0.65%, and the Nasdaq advanced 0.81%. For the month of August, the Dow has gained 1.24%, the S&P 500 is up 2.61%, and the Nasdaq has climbed 3.43%. Precious metals miners came under heavy selling pressure. Newmont Mining (NEM) dropped more than 3%, the VanEck Gold Miners ETF (GDX) fell nearly 3%, and First Majestic Silver (AG) lost over 2%. Barrick Gold (GOLD) and Coeur Mining (CDE) each declined nearly 2%, and the iShares Silver Trust (SLV) was down 1.52%. Crypto-linked stocks were split. Hut 8 (HUT) slid over 8%, Cipher Mining (CIFR) declined close to 7%, Riot Platforms (RIOT) and CleanSpark (CLSK) fell more than 5%, and MARA Holdings (MARA) dropped over 4%. On the gainers side, Circle (CRCL) advanced more than 5%, Coinbase (COIN) rose over 3%, Strategy (MSTR) added more than 2%, and Bitmine (BMNR) and Bit Brother (BTBT) both gained over 2%.
US equities closed higher across the board, with the Nasdaq leading the advance. The Dow inched up 0.13%, the S&P 500 rose 0.65%, and the Nasdaq gained 0.81%.
August performance
Since the start of August, the Dow has added 1.24%, the S&P 500 is up 2.61%, and the Nasdaq has climbed 3.43%.
Gold and silver stocks slide
Gold and silver-related names were among the biggest losers. Newmont Mining (NEM) fell more than 3%, the VanEck Gold Miners ETF (GDX) dropped nearly 3%, and First Majestic Silver (AG) lost over 2%. Barrick Gold (GOLD) and Coeur Mining (CDE) each slipped almost 2%, while the iShares Silver Trust (SLV) gave up 1.52%.
Mixed session for crypto stocks
Crypto-related equities painted a mixed picture. Hut 8 (HUT) tumbled more than 8%, and Cipher Mining (CIFR) fell close to 7%. Riot Platforms (RIOT) and CleanSpark (CLSK) each dropped over 5%, and MARA Holdings (MARA) lost more than 4%.
On the upside, Circle (CRCL) climbed over 5%, Coinbase (COIN) rose more than 3%, and Strategy (MSTR) added over 2%. Bitmine (BMNR) and Bit Brother (BTBT) both gained over 2%.
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