Wall St rises on the day but falls for the week; bond yields and Iran in focus
By Sinéad Carew and Avinash
P
Fri August 21, 2026
Investors took a bit of a breather today and there was some old-fashioned bargain hunting as all the indexes went steadily straight up despite bond yields continuing to rise and the war with no end in sight. Trump has threatened severe economic sanctions against Iran and Iran has countered by vowing a “devastating” response if it happens. None of this seemed to sour investors and the light volume suggested “wait-and-see” and there’s a lot to wait-and see.