- U.S. stocks experienced a strong rally on Aug. 21, with the Dow Jones Industrial Average gaining 517 points or 0.98% to close at 53,277.
- Despite the Friday gains, major indices posted weekly losses, ending multi-week winning streaks due to pressure earlier in the week from rising Treasury yields and crude oil prices.
- Cryptocurrencies rallied significantly with Bitcoin rising over 20% in two days near $77,000, while retailers like Walmart and Home Depot trended following Q2 earnings reports.
