U.S. stocks closed higher across the board, while COIN fell more than 4.49%.

CoinFeed reported on May 23 that, according to Bybit data, the three major U.S. stock indexes all closed higher, with the Dow Jones Industrial Average up 0.42%, the Nasdaq Composite up 0.23%, and the S&P 500 up 0.23%. Cryptocurrency stocks generally fell, with COIN (Coinbase) down 4.49% and HOOD (Robinhood) down 3.42%.