The three major US stock indexes closed lower, with HYPE Finance's PURR stock price surging over 12%.

BlockBeats News, May 20th, U.S. stocks closed lower on Tuesday, with the Dow falling 0.65% initially, the S&P 500 down 0.67%, and the Nasdaq dropping 0.84%. Micron Technology (MU.O) and Intel (INTC.O) were up 2%, while Qualcomm (QCOM.O) fell nearly 4%.

As for cryptocurrency-related stocks, MSTR fell 1.20%; COIN rose 2.12%, CRCL fell 0.35%; SBET dropped 1.43%; BMNR fell 0.59%, and HYPE Treasury company PURR rose 12.41%.