## The US stock market experienced declines, with the blockchain sector showing divergence



The US stock exchange began trading on December 29 under selling pressure. Major indices recorded declines: the Dow Jones fell by 0.19%, while the S&P 500 lost 0.43%. The hardest hit was the Nasdaq, which decreased by 0.75%, indicating weaker interest in tech stocks.

**Precious metals and commodities under pressure**

The commodity sector experienced significant drops during the day. Prices of precious metals saw sharp depreciation, and shares of mining companies opened well below their opening levels, reflecting a withdrawal of investments from the sector.

**Blockchain-related stocks show mixed signals**

Contrasting the weaker overall market performance, the blockchain sector presents a more complex picture. Circle (CRCL) increased by approximately 1.7%, while Strategy (MSTR) gained about 2%. At the same time, one of the digital instrument exchanges noted a rise of around 1%, indicating selective interest in certain market segments.

Divergent results in the blockchain sector may suggest a reallocation of investor capital, who are seeking safer havens in an uncertain macroeconomic environment.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)