--- title: "Stocks Rebound, Remain on Track for Weekly Losses" type: "News" locale: "en" url: "https://longbridge.com/en/news/296636746.md" description: "US stocks rebounded midday with the Dow, Nasdaq, and S&P 500 posting gains, though all three major indexes remain on track for weekly losses. Financial stocks and Bitcoin-driven crypto equities led the rally. Notable movers included Robinhood (HOOD) up 12.8% due to Bitcoin's resurgence, Circle (CRCL) rising 7.8% following a major blockchain patent acquisition, while Alibaba (BABA) fell 7.2% after reporting a sharp drop in net profit." datetime: "2026-08-21T15:56:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296636746.md) - [en](https://longbridge.com/en/news/296636746.md) - [zh-HK](https://longbridge.com/zh-HK/news/296636746.md) generator: "portal-rs" --- # Stocks Rebound, Remain on Track for Weekly Losses Stocks are higher at midday as investors attempt to shake off **yesterday's selloff**. The Dow Jones Industrial Average (DJI) is up 300 points, while the Nasdaq Composite Index (IXIC) is also sporting a triple-digit gain and the S&P 500 Index (SPX) sits confidently higher. Financial stocks are helping lift Wall Street, while **Bitcoin (BTC)** is boosting crypto-related equities. All three major indexes are heading for weekly losses, however, with the SPX and IXIC on track to snap three-week winning streaks. *Continue reading for more on today's market, including:* - **BJ's Wholesale stock** pops on better-than-expected earnings. - Broadcom lands brand-new **bullish coverage**. - Plus, HOOD calls pop amid halo lift; CRCL's major acquisition; BABA falls alongside net profit. Cryptocurrency Robinhood **(NASDAQ:HOOD)** shares are up 12.8% at $107.30, thanks to a halo lift from resurgent Bitcoin. More than 344,000 puts have changed hands, which is seven times HOOD's average daily trading pace. The August 110 call is the most popular contract while the weekly 8/28 110-strike call is trailing close behind. **Circle Internet Group (NYSE:CRCL)** is one of the best performers on the New York Stock Exchange (NYSE) today, last seen up 7.8% to trade at $90.13. The move was triggered by a major acquisition of IBM's blockchain patent portfolio that spans over 680 patent families. Year to date, the equity is up 14%, back near June highs, and extending its rebound off $60. **Alibaba Group Holding (NASDAQ:BABA)** is trading at $121.20, down 7.2%, one the worst performers on the Nasdaq after the company reported a 75% drop in net profit for its first quarter. The 80-day moving average is keeping losses in check, but **the shares** are still poised to snap a five-day win streak. ### Related Stocks - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [VFH.US](https://longbridge.com/en/quote/VFH.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [HOOG.US](https://longbridge.com/en/quote/HOOG.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [ROBN.US](https://longbridge.com/en/quote/ROBN.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [HOOX.US](https://longbridge.com/en/quote/HOOX.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [RIOT.US](https://longbridge.com/en/quote/RIOT.US.md) - [SQ.US](https://longbridge.com/en/quote/SQ.US.md) - [BTCS.US](https://longbridge.com/en/quote/BTCS.US.md) - [BTDR.US](https://longbridge.com/en/quote/BTDR.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [CRCA.US](https://longbridge.com/en/quote/CRCA.US.md) - [CRCG.US](https://longbridge.com/en/quote/CRCG.US.md) - [CRCD.US](https://longbridge.com/en/quote/CRCD.US.md) - [CCUP.US](https://longbridge.com/en/quote/CCUP.US.md) - [CRCO.US](https://longbridge.com/en/quote/CRCO.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [HODU.US](https://longbridge.com/en/quote/HODU.US.md) - [HOOI.US](https://longbridge.com/en/quote/HOOI.US.md) - [HOOW.US](https://longbridge.com/en/quote/HOOW.US.md) - [HOOY.US](https://longbridge.com/en/quote/HOOY.US.md) - [HOOZ.US](https://longbridge.com/en/quote/HOOZ.US.md) - [HOYY.US](https://longbridge.com/en/quote/HOYY.US.md) - [RIOX.US](https://longbridge.com/en/quote/RIOX.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [DOG.US](https://longbridge.com/en/quote/DOG.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SPYI.US](https://longbridge.com/en/quote/SPYI.US.md) - [JEPI.US](https://longbridge.com/en/quote/JEPI.US.md) - [XYLD.US](https://longbridge.com/en/quote/XYLD.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [BJ.US](https://longbridge.com/en/quote/BJ.US.md) - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [IBM.US](https://longbridge.com/en/quote/IBM.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Related News & Research - [Amboss Opens Affiliate Program: Earn Recurring Bitcoin Commissions by Growing Bitcoin Payments](https://longbridge.com/en/news/296124824.md) - [Fundstrat Sees 30% Swing In Bitcoin’s Price](https://longbridge.com/en/news/296239209.md) - [Bitcoin Standard Treasury Company (BSTR) Terminates Business Combination, Team Continues Pursuing Active Bitcoin Treasury Management | CEPO Stock News](https://longbridge.com/en/news/296540800.md) - [Bitcoin lands on the same custody rails Citi uses for equities and bonds](https://longbridge.com/en/news/296272222.md) - [LQWD Technologies CEO to Speak at Bitcoin Asia 2026 in Hong Kong | LQWDF Stock News](https://longbridge.com/en/news/296496835.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**