The three major U.S. stock indices closed higher, with the Nasdaq and S&P 500 hitting record closing highs.

The Nasdaq Composite Index rose 1.04%, the S&P 500 rose 0.32%, and the Nasdaq Composite rose 0.14%. Both the Nasdaq and S&P 500 reached new all-time closing highs. Coinbase (COIN) rose 1.36%, while Circle (CRCL) fell 6.16%.