The Week That Was, The Week Ahead: Macro and Markets, August 23
Tip Ranks·- U.S. stocks closed higher on Friday, concluding a volatile week despite rising bond yields and ongoing concerns regarding the national debt. - The Dow Jones Industrial Average rose 0.98% to 53,277.01, the S&P 500 gained 0.43% to 7,674.37, and the Nasdaq added 0.33% to 29,308.86. - The 10-year Treasury yield finished near 4.74%, while gold jumped 2.89% to $4,668.10, oil fell 1.65% to $86.77, and Bitcoin climbed 5.13% to $78,262.70.Top 10 US Stock Losers (8.21)
Top Gainers&Losers·- The article reports the performance of major US stock indices and lists the top declining stocks on August 21. - Seabridge Gold fell 9.35% with a trading volume of 92,784,000 dollars, while Hut 8 Mining dropped 8.79% with a trading volume of 790,000,000 dollars. - Alibaba decreased by 8.57% with a trading volume of 3,930,000,000 dollars, bringing its year-to-date decline to 17.8%.Coinbase, Crypto Stocks Brush Off Broad Market Selloff
Schaeffers·- Coinbase Global Inc stock rose 6 % to $170.01 and Bitcoin reclaimed 70,000 amid a record 2.7 billion dollar short squeeze. - The market movement followed President Donald Trump urging Congress to pass the Clarity Act and SEC regulatory considerations. - Cryptocurrency adjacent peers Strategy and Hut 8 increased 7 % and 3.7 % respectively while trading volume spiked.Stanley Druckenmiller Just Made a Big Bet on IREN While Dumping Broadcom, Intel and Micron
benzinga_article·- Stanley Druckenmiller expanded his Duquesne Family Office portfolio from $3.37 billion to $5.21 billion in Q2 2026 while increasing holdings from 70 to 95 positions. - The investor completely liquidated stakes in legacy chipmakers like Broadcom, Intel, and Micron while rotating into digital infrastructure and crypto-mining firms expanding into AI. - Key new positions included 87,100 shares of IREN, over 4 million shares of Bitdeer, and stakes in Riot Platforms and Hut 8.