Markets Midday: Stocks Rebound, Bitcoin Rallies, Boeing Union Vote Results Imminent 8-21-2026

Summary

Stocks rebounded midday but major averages remained lower for the week. Discount retailers Ross Stores and BJ's Wholesale rose on earnings beats, while Michael Zakura said consumers are getting choosier and he favors off-price retail plus Home Depot, Lowe's and Walmart. Bitcoin rallied sharply and Frank Capilleri said its technical trend is positive based on past post-drawdown patterns. Boeing's white-collar union vote results were awaited.

• Dow, S&P 500 and Nasdaq posted gains but remain lower for the week.
• Treasury yield volatility and oil price pressure receded during the session.
• Ross Stores and BJ's Wholesale rallied on earnings beats and raised guidance.
• Michael Zakura sees a choosier consumer and favors off-price retail and Home Depot, Lowe's, Walmart.
• Bitcoin rose more than 6% on the day and 23% for the week.
• Frank Capilleri views Bitcoin's technical trend as solidly positive based on prior post-drawdown rallies.
• Boeing white-collar union vote results were expected later and carry strike risk.