US Stocks End Higher as Nasdaq Leads; Gold Mining Stocks Slide, Crypto Shares Mixed
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%.








