U.S. Stocks Open Mixed on Monday; Crypto Stocks Shine as Bitcoin Tops $123,000
US stocks were mostly lower Monday after President Donald Trump threatened high tariffs on more countries over the weekend, but losses were kept in check as investors bet those duties will eventually be negotiated down. Investors were also optimistic about second-quarter earnings season, which ramps up this week.
The Dow Jones Industrial Average traded 119 points lower, or 0.3%. The S&P 500 shed 0.1%, while the Nasdaq Composite hovered around the flatline.
Crypto stocks shined in morning trading as as Bitcoin toppd $123,000 for the first time. BIT Mining rose 21%; Sequans Communications and BitMine Immersion rose 19%; Hyperion DeFi rose 17%; SharpLink Gaming rose 13%; Upexi rose 12%; MARA Holdings and Riot Platforms rose 3%; Strategy rose 2%; Coinbase rose 1%.
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