Risk appetite recovers... U.S. stocks and crypto-related stocks close higher together
Doohyun Hwang
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- U.S. stocks closed higher, showing a recovery in risk appetite.
- In particular, the tech-focused Nasdaq led the gains and lifted investor sentiment.
- Among crypto-related stocks, ALT5 Sigma surged 11.29%, and most stocks recorded gains.
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U.S. stocks all closed higher on the 23rd (local time). Crypto-related stocks also rose alongside, showing a recovery in overall market risk appetite.
That day, the Dow Jones Industrial Average rose 0.3% from the previous day, while the S&P500 and the Nasdaq Composite Index closed up 0.58% and 0.89%, respectively. The tech-heavy Nasdaq led the gains and lifted overall investor sentiment.
Most crypto-related stocks also recorded gains. ALT5 Sigma (ALTS) surged 11.29%, marking the largest increase, while Riot Platforms (RIOT) rose 7.9%, Bitmine (BMNR) 2.42%, MicroStrategy (MSTR) 1.46%, and SharpLink Gaming (SBET) 0.48%.
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