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Wall Street sinks as bond yields rise, Walmart results disappoint

SUMMARY
Indexes down: Dow 1.32%, S&P 500 0.87%, Nasdaq 1.00%
Walmart tumbles after quarterly comparable sales miss
Consumer staples falls most among S&P 500 sectors, Energy gains most
Crypto stocks jump after Trump calls on Congress to pass bill

Aug 20 (Reuters) - The three main U.S. equity indexes closed lower on Thursday as ​rising Treasury yields dented risk appetite while disappointing results from retail bellwether Walmart soured investors on the consumer sector and rallying oil prices ‌fanned inflation worries.

Walmart (WMT.O), opens new tab shares tumbled 9.2% after the world's largest traditional retailer missed Wall Street expectations for quarterly comparable sales as rising gasoline prices had shoppers reining in spending. The report dragged down the S&P 500 consumer staples (.SPLRCS), opens new tab and consumer discretionary (.SPLRCD), opens new tab sectors, which were among the weakest of the benchmark's 11 major industry indexes.

https://www.straitstimes.com/business/companies-markets/wall-street-sinks-as-bond-yields-rise-walmart-results-disappoint

https://www.reuters.com/business/us-stock-futures-muted-bond-yields-resume-uptrend-ahead-walmarts-earnings-2026-08-20/
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Dow surges 500 points Friday, but index posts back-to-back weekly losses

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The S&P 500 rose on Friday as investors tried to find their footing following a steep sell-off driven by rising Treasury yields.

The broad market index climbed 0.43% to end at 7,674.37, while the Nasdaq Composite rose 0.43% to 26,180.45. The Dow Jones Industrial Average was up 517.80 points, or 0.98%, supported by gains in healthcare stocks such as Merck and Johnson & Johnson. The 30-stock index closed at 53,277.01.

The financials sector offered a boost to the broader market, with crypto-related stocks seeing sizable gains as bitcoin posted a weekly advance of 22%. Robinhood shares jumped almost 14%, while Coinbase added 8%. Materials also outperformed, up 2% on the day.

Wall Street was coming off a losing session, as Treasury yields resumed their march higher after the government’s efforts to stymie a sell-off in the Treasury market. Bonds, particularly on the long end of the curve, have been under pressure as investors fear rising inflation due to higher oil prices.

Thursday’s pullback ultimately led the S&P 500 to tumble 1.4% on the week, while the Nasdaq lost 2% in the period. Both indexes snapped three-week winning streaks.

The Dow slid 0.9% for back-to-back weekly losses.
The downturn this week also affected stocks beyond the U.S., with the MSCI All Country World Index posting a weekly decline of almost 1%.

https://www.cnbc.com/2026/08/20/stock-market-today-live-updates.html?__source=androidappshare
Global equity fund inflows hit three-week high before late selloff
https://www.reuters.com/world/china/global-markets-flows-graphic-2026-08-21/