Savicoin US Stock Perpetual Daily Report | August 21, 2026 (Friday)

Data as of: August 21, 2026 08:00 (UTC+8)
Corresponding US stock trading day: August 20, 2026

1. Overnight US Stocks

On August 20, US stocks were generally under pressure, with the three major indexes mostly declining during the session. Earlier, the US Treasury expanded the scale of long-term Treasury buybacks, which once pushed US Treasury yields significantly lower, but bond market pressure soon reemerged, and long-term Treasury yields rose again.

The market continued to focus on large-cap tech, AI, and semiconductor sectors, while digesting the Federal Reserve’s July FOMC meeting minutes, US employment and manufacturing data, as well as the latest earnings reports from large companies like Walmart.

Walmart’s earnings report led to a notable drop in its stock price, weighing on the Dow Jones Industrial Average; meanwhile, stronger-than-expected US economic data caused the market to reassess the Fed’s policy path and the duration of high interest rates.

Dow Jones Industrial Average: 52,759.21 (-1.32%)

S&P 500: 7,641.16 (-0.87%)

Nasdaq Composite Index: 26,067.17 (-1.00%)

2. Perpetual Contract Market

Note: Reference prices and changes are based on the closing prices of corresponding US stocks/ETFs during regular trading hours on August 20. Actual transaction prices of Savicoin US stock perpetual contracts may differ due to trading time, market liquidity, and price fluctuations.

3. Market Observation

On August 20, the market’s core focus remained on US Treasury yields, Federal Reserve policy expectations, US economic resilience, and large-cap corporate earnings.

Previously, the US Treasury announced an expansion of long-term Treasury buyback scale, which pushed long-term Treasury yields significantly lower, but this positive effect was not sustained. On August 20, Treasury yields rose again, with the 10-year yield intraday around **4.7%**, bringing renewed valuation pressure on growth stocks.

The latest US economic data generally exceeded expectations. Initial jobless claims recorded 206,000, indicating the labor market remains resilient; the Philadelphia Fed Manufacturing Index rose to 47.4, significantly above market expectations of about 25 and the prior value of 41.4.

Strong economic data alleviates concerns about a rapid US economic slowdown on one hand, but on the other hand may reinforce expectations of high interest rates being maintained longer, putting some pressure on tech and high-valuation growth stocks.

The retail sector also drew attention. Walmart’s quarterly revenue and earnings were generally solid, but slower US same-store sales growth and future earnings outlook triggered market concerns. WMT’s stock price dropped significantly during the session, dragging down the Dow.

In addition, international oil prices rose significantly due to geopolitical tensions, further increasing market focus on inflation and US Treasury yields.

4. Key Asset｜NVDAUSDT

NVDA has recently experienced notable volatility alongside the AI and semiconductor sectors, as the market continues to reassess AI sector valuations and capital crowding following earlier rapid gains.

On August 20, rising Treasury yields once again put valuation pressure on high-valuation growth stocks. Meanwhile, strong US employment and manufacturing data leave significant uncertainty regarding the Fed’s future policy path.

In the short term, focus on whether NVDA can stabilize after recent adjustments, and whether capital will flow back into the AI and semiconductor sectors. With NVIDIA’s next earnings report approaching, related trading sentiment and short-term volatility may further intensify.

5. News Highlights of August 20

Walmart Earnings Report

Walmart released its latest quarterly results, with quarterly revenue around $187.9 billion, overall performance exceeding market expectations, and its US e-commerce business continuing rapid growth.

However, the market focused more on the slowdown in US same-store sales growth and the company’s future earnings outlook. WMT’s stock price dropped notably after the earnings release and was one of the main drags on the Dow that day.

US Employment and Manufacturing Data

At 20:30 Beijing time, the US released the latest economic data:

Initial Jobless Claims — 206,000, below market expectations.

Philadelphia Fed Manufacturing Index — 47.4, previous value 41.4, significantly above market expectations of about 25.

The data show that the US labor market and manufacturing activity remain resilient. Strong economic data may reduce market bets on short-term policy easing and prompt investors to reassess the Fed’s future interest rate path.

US Treasury Yields Rising Again

After the US Treasury expanded the scale of long-term Treasury buybacks, the bond market initially rebounded significantly, but on August 20, long-term yields rose again.

The 10-year Treasury yield rose back to around **4.7%**, while the 30-year yield remained above **5.2%**. Rising bond yields put some pressure on tech and high-valuation growth sectors.

Key Corporate Earnings

On August 20, besides Walmart, companies such as Alibaba (BABA) and Deere (DE) released quarterly results.

Alibaba’s stock price dropped notably after its earnings release; Deere’s quarterly earnings and revenue generally exceeded market expectations.

After-hours focus is on Ross Stores (ROST) earnings, as investors will watch for US consumer spending trends and the company’s future guidance.

6. Today’s Focus

Today, the market’s key focus will be on three main areas:

US economic data and Fed policy expectations | Earnings from large companies such as Walmart | US Treasury yields and international oil price trends

Tech sector focus continues on volatile stocks such as NVDA, META, and SNDK.

Strong US employment and manufacturing data show the economy still has some resilience, but may also increase market concerns over sustained high interest rates.

If US Treasury yields continue to rise, high-valuation tech and AI sectors may face ongoing valuation pressure; if the bond market stabilizes, attention will turn to whether capital flows back into large-cap tech and semiconductor sectors.

Additionally, international oil prices and geopolitical developments may continue to influence inflation expectations, US Treasury yields, and overall market risk appetite.

7. Today’s Time Period Reminders

US Stock Trading Hours | 21:30–04:00 (Beijing Time)

Market liquidity and trading activity are usually higher during this period.

Pre-market and After-hours | 16:00–21:30 / 04:00–08:00

Liquidity tends to decrease; be cautious of rapid price fluctuations around earnings releases.

US Market Closed Periods

Perpetual contracts may still trade during these times; monitor liquidity changes and potential gap risks for the next trading day.

8. Risk Warning

US stock perpetual contracts are leveraged trading products and may experience significant price volatility. Market volatility can increase substantially around earnings releases, macroeconomic data, and major market events. Please manage your positions and leverage prudently.

9. Disclaimer

This article is for market information reference only and does not constitute any investment or trading advice. Relevant market data are sourced from public markets and the Savicoin platform; discrepancies in price and timing may exist between different data sources. Users should make independent judgments and bear their own trading risks.

Savicoin Team