Yahoo Finance: Stocks Rise Due to Crypto and Commodity Prices
2026-08-21 22:22:52
According to CoinMeta, as reported by Yahoo Finance, stocks generally rose at the opening on Friday, but still faced a weekly loss for the week, affected by the developments in the bond market this week. The rebound of Bitcoin (BTC-USD) drove up the prices of crypto stocks, while defensive stocks performed weakly. According to the heat map of data from Yahoo Finance Alphaspace, the market was overall green in the early session, with utilities (XLU) being the only sector that fell. The basic materials (XLB) sector performed the best, with commodity prices such as copper (HG =F) and gold (GC =F) rising. Financial stocks (XLF) also performed strongly, driven by the increases in the prices of Robinhood (HOOD) and Coinbase (COIN) stocks.
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Source:Internet
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