U.S. stocks open mixed as Coinbase falls 1.85% and Robinhood drops 2.52%

The Dow Jones Industrial Average rose 0.15% at the open, while the Nasdaq slipped 0.72% and the S&P 500 fell 0.11%; crypto-linked stocks broadly declined.

Summary

U.S. equities opened mixed on July 24, with the Dow Jones Industrial Average up 0.15%, the Nasdaq down 0.72% and the S&P 500 off 0.11%. Crypto-linked stocks broadly traded lower, including COIN (Coinbase), which fell 1.85% intraday, and HOOD (Robinhood), which dropped 2.52%. The moves point to weaker early-session sentiment in crypto-exposed equities even as the broader market was split.

Terms & Concepts
  • Crypto-linked stocks: Shares of companies with notable exposure to the digital-asset industry.