Wall Street's Rollercoaster Week: Stocks Bounce Back on Friday After Weekly Slump

12:05 - 22.08.2026


August 22, Fineko/abc.az. US stock indexes closed higher on Friday ("Dow Jones" +0.98%, "S&P 500" +0.43%, "Nasdaq" +0.44%), though all three benchmark indexes registered weekly losses amid Treasury yield volatility and Middle East uncertainties.

Market sentiment found support after the US Treasury indicated expanded bond buybacks, coupled with solid US business activity data driven by strong growth in the services sector. Materials and healthcare led sector gains, while utilities lagged significantly.

In single-stock action, crypto-linked shares rallied as Bitcoin surged to its highest level since mid-May, driving gains for "Robinhood" (+13.7%), "Coinbase" (+8.2%), and "Strategy" (+6%). Retailer "Ross Stores" rose 4.4% following an upbeat annual earnings forecast revision. Investors are now turning their attention to "Nvidia's" upcoming quarterly results and key Fed inflation metrics next week.