{"id":66847,"date":"2026-08-21T14:07:12","date_gmt":"2026-08-21T18:07:12","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-rally-as-gold-and-crypto-surge-focus-shifts-to-upcoming-nvidia-earnings\/66847\/"},"modified":"2026-08-21T14:07:12","modified_gmt":"2026-08-21T18:07:12","slug":"markets-rally-as-gold-and-crypto-surge-focus-shifts-to-upcoming-nvidia-earnings","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-rally-as-gold-and-crypto-surge-focus-shifts-to-upcoming-nvidia-earnings\/66847\/","title":{"rendered":"Markets Rally as Gold and Crypto Surge; Focus Shifts to Upcoming Nvidia Earnings"},"content":{"rendered":"<p>U.S. equity markets showed resilience during afternoon trading on Friday, August 21st, 2026, as investors balanced optimistic sector performance against a cautious outlook for the broader economy. The trading session was characterized by a notable rotation into materials and healthcare, while the technology sector experienced a more subdued performance ahead of major upcoming catalysts.<\/p>\n<h2>Major Market Indexes Performance<\/h2>\n<p>As of the afternoon session, the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/DIA\">DIA<\/a>) led the major benchmarks, gaining 0.74%. This strength was mirrored by small-cap stocks, with the iShares Russell 2000 ETF (<a href=\"\/stock\/IWM\">IWM<\/a>) rising 0.7%. The broader <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPY\">SPY<\/a>) climbed 0.38%, while the tech-heavy Nasdaq Composite (<a href=\"\/stock\/QQQ\">QQQ<\/a>) trailed slightly with a 0.31% advance.<\/p>\n<p>Volatility remained low, as evidenced by the iPath Series B S&amp;P 500 VIX Short-Term Futures ETN (<a href=\"\/stock\/VXX\">VXX<\/a>) dropping 0.96%. In the fixed-income market, yields faced upward pressure, causing the iShares 20+ Year Treasury Bond ETF (<a href=\"\/stock\/TLT\">TLT<\/a>) to decline by 0.48%.<\/p>\n<h2>Sector Highlights and Commodities<\/h2>\n<p>The standout performers of the day were found in the digital asset and commodity spaces. The iShares Bitcoin Trust ETF (<a href=\"\/stock\/IBIT\">IBIT<\/a>) surged 6.61%, and the iShares Ethereum Trust ETF (<a href=\"\/stock\/ETHA\">ETHA<\/a>) rose 4.38%, reflecting a renewed appetite for risk in the cryptocurrency market.<\/p>\n<p>Precious metals also saw significant inflows. The SPDR <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a> Trust (<a href=\"\/stock\/GLD\">GLD<\/a>) jumped 2.17%, while the iShares <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> Trust (<a href=\"\/stock\/SLV\">SLV<\/a>) added 2.03%. This &quot;flight to safety&quot; in metals coincided with a 3% gain in the VanEck Gold Miners ETF (<a href=\"\/stock\/GDX\">GDX<\/a>). Within the S&amp;P sectors, the Materials Select Sector SPDR ETF (<a href=\"\/stock\/XLB\">XLB<\/a>) was a top performer, rising 2.02%, while the Utilities Select Sector SPDR ETF (<a href=\"\/stock\/XLU\">XLU<\/a>) was the primary laggard, falling 1.63%.<\/p>\n<h2>Major Stock News and Corporate Developments<\/h2>\n<p>In corporate news, retail and semiconductor stocks were at the forefront of investor attention. BJs Wholesale Club Holdings, Inc. (<a href=\"\/stock\/BJ\">BJ<\/a>) reported its Q2 2026 earnings this morning, with an estimated EPS of $1.16 on revenue of $5.7 billion. Ubiquiti Inc. (<a href=\"\/stock\/UI\">UI<\/a>) also released results, with an estimated EPS of $4.03.<\/p>\n<p>The semiconductor landscape showed mixed results. While Intel Corp (<a href=\"\/stock\/INTC\">INTC<\/a>) saw active trading with a 0.7% gain, the VanEck Semiconductor ETF (<a href=\"\/stock\/SMH\">SMH<\/a>) dipped 0.24%. <a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology, Inc. (<a href=\"\/stock\/MU\">MU<\/a>) rose 1.6% on high volume, and Strategy Inc (<a href=\"\/stock\/MSTR\">MSTR<\/a>)\u2014often viewed as a proxy for Bitcoin\u2014surged 6.5%.<\/p>\n<p>In the <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> and early afternoon, significant moves were seen in smaller names. RF Acquisition Corp II (<a href=\"\/stock\/RFAI\">RFAI<\/a>) skyrocketed 218.8%, while Jupiter Neurosciences, Inc. (<a href=\"\/stock\/JUNS\">JUNS<\/a>) gained 59.8%. On the downside, Jianzhi Education Technology Group (<a href=\"\/stock\/JZ\">JZ<\/a>) slumped 32.4%.<\/p>\n<h2>Upcoming Market Events<\/h2>\n<p>Investors are looking ahead to a heavy slate of earnings and economic data next week. The most anticipated event is the Q2 2027 earnings release from <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> Corp (<a href=\"\/stock\/NVDA\">NVDA<\/a>) on Wednesday, August 26th. With a market cap exceeding $5 trillion, <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>&#39;s results are expected to be a major market mover for the entire AI and technology complex.<\/p>\n<p>Other notable upcoming earnings include PDD Holdings Inc. (<a href=\"\/stock\/PDD\">PDD<\/a>) on Monday, Intuit Inc (<a href=\"\/stock\/INTU\">INTU<\/a>) on Tuesday, and a flurry of retail reports on Thursday from Dollar General Corp. (<a href=\"\/stock\/DG\">DG<\/a>), Best Buy Company, Inc. (<a href=\"\/stock\/BBY\">BBY<\/a>), and Ulta Beauty, Inc. (<a href=\"\/stock\/ULTA\">ULTA<\/a>). These reports will provide critical insights into the health of the American consumer and the continued momentum of the artificial intelligence trade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. equity markets showed resilience during afternoon trading on Friday, August 21st, 2026, as investors balanced optimistic sector performance against 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