TREE NEWS reports: US stocks closed lower on Thursday, with the Dow down about 0.10%, the S&P 500 down about 0.62% and the Nasdaq down about 1.39%. Among crypto-linked stocks, Robinhood fell 4.49%, Circle dropped 2.95% and Block rose 2.73%. In semiconductors, AMD fell 8.52%, Western Digital lost 5.61% and SanDisk dropped 5.52%, while optical names Coherent and Applied Optoelectronics declined 6.31% and 5.58% respectively.
US stocks close lower; crypto-linked names mixed as Bit Digital falls over 11%
AI take
The dispersion inside crypto-linked equities is the story here: Block's gain against Robinhood and Circle's declines shows the sector is no longer trading as a single beta to bitcoin sentiment, and Bit Digital's double-digit drop stands apart from the broader index moves. The tech-heavy Nasdaq's larger decline, paired with steep semiconductor and optical losses, suggests the pressure is coming from the AI and hardware complex rather than crypto specifically. Whether crypto-linked names keep decoupling from each other, and from the Nasdaq, is the open question.
Generated by AI for reference only.
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