According to Cailian Press, all three major US stock indices closed lower. The Dow Jones Industrial Average fell 1.23%, bringing its weekly decline to 2.92%. The Nasdaq Composite dropped 2.24%, bringi

CoinFeed reported on August 2nd that according to Cailian Press, all three major US stock indices closed lower. The Dow Jones Industrial Average fell 1.23%, bringing its weekly decline to 2.92%. The Nasdaq Composite fell 2.24%, bringing its weekly decline to 2.17%. The S&P 500 fell 1.6%, bringing its weekly decline to 2.36%. The cryptocurrency sector led the decline, with Coinbase down over 16%, and Strategy and Circle down over 8%. Popular tech stocks fell across the board, with Amazon down over 8%, Meta down over 3%, Apple and Nvidia down over 2%, and Tesla, Microsoft, and Google down over 1%.