Goldman Sachs, Alibaba Move Markets Amid Bitcoin Surge

By EC Assets · Published 21 August 2026

Goldman Sachs and Alibaba Group Holding Limited were identified as market cap stock movers on Friday. Alibaba was added to Goldman Sachs' APAC Conviction List. This development for Alibaba occurred as the broader stock market saw a surge in bitcoin. Stocks were set for a higher open on Friday following a rate-driven pullback on Thursday. The Dow, S&P 500, and Nasdaq rose on Friday. Bitcoin surged, jumping near $77,000, and was on track for its best week in over two years. The stock market experienced a rally that saw Moderna, gold, and bitcoin surge, while Walmart tumbled during the weekly review. Nvidia earnings could impact the stock market, as shares of Jensen Huang's company have struggled to make headway since its previous results day. The memory-chip market sees high demand and outstripping supply, leading to significant profits and free cash flow for companies like SK Hynix and Samsung Electronics. Both companies plan to return considerable amounts of capital to shareholders. This article is intended for informational purposes only. It does not constitute investment advice.