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Looking ahead, consumers surveyed by the Conference Board expressed negative sentiment towards future job and income prospects.
Brent crude fell below US$90 a barrel, while US stocks rose as markets reacted positively to softer-than-expected sanctions and positive talks between Pakistan and Iran.
The gains ease investor concerns sparked by a recent bond market rout and could help set the tone for September, a historically weaker month for stocks.
As of early evening on Aug. 25, Bitcoin (CRYPTO:BTC) gained 0.3% to $78,932.12, Ethereum (CRYPTO:ETH) fell 0.5% to $2,460.57, and Solana (CRYPTO:SOL) increased by 1.8% to $97.93.
Dick's Sporting Goods (NYSE:DKS), an omni-channel sporting goods and athletic apparel retailer closed at $124.32, down 30.67%.
Key PointsMarket downturns have always been followed by recoveries.
