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Dow Jones jumps 518 points as Treasury volatility weighs on stocks; Bitcoin hits $77K in strong weekly gain

Market News
22 Aug 2026, 13:25 WIB
Blockonomi
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Neutral
Dow Jones jumps 518 points as Treasury volatility weighs on stocks; Bitcoin hits $77K in strong weekly gain

U.S. stocks closed higher on Friday with the Dow Jones rising 518 points (1%) and the S&P 500 and Nasdaq up 0.4%, but weekly losses ended three-week winning streaks amid Treasury market volatility. Treasury Secretary Scott Bessent's bond buyback expansion provided only brief relief as yields quickly returned to elevated levels, signaling ongoing market uncertainty. Bitcoin surged to $77,000, marking its strongest weekly gain in two years, as investors sought alternatives amid equity market weakness. Attention now shifts to Nvidia's upcoming earnings and the Federal Reserve's Jackson Hole Symposium for clues on future market direction.

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