Major US Stock Indices Close Lower as Crypto-Linked Equities Decline

Major U.S. stock indices closed lower, with the Dow, Nasdaq, and S&P 500 falling 0.67%, 0.73%, and 0.52% respectively. Notable declines in the sector included Circle (CRCL) down 11.37%, Coinbase (COIN) down 10.11%, BitMine (BMNR) down 8.42%, Riot Platforms (RIOT) down 5.66%, MicroStrategy (MSTR) down 4.92%, and Robinhood (HOOD) down 3.29%.