The three major US stock indices closed with mixed gains and losses, while cryptocurrency concept stocks collectively surged

The three major US stock indexes closed with mixed gains and losses, with the Nasdaq up 0.39%, the S&P 500 up 0.16%, and the Dow Jones Industrial Average down 0.19%. Cryptocurrency concept stocks collectively surged, with Strategy up over 16%, MARA Holdings up over 13%, Coinbase up over 11%, Robinhood up over 9%, Bitmine and Circle up over 8%, and Cipher up over 7%. Netflix fell more than 4%, and Wells Fargo downgraded its rating on the stock from neutral to underweight, with a target price lowered from $80 to $57.