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Goldman Sachs rises, Alibaba falls as mega-cap stocks diverge Friday

Goldman Sachs gained 1.8% while Alibaba slid 7.4% among mega-cap movers. Large-caps saw gains in Circle Internet and Social Capital, while mid-caps surged on Evolution Metals Tech.

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Priya Anand · Equities & Earnings Desk · 22 Aug 2026 · 01:50 · 1 min read
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Goldman Sachs rises, Alibaba falls as mega-cap stocks diverge Friday

Major U.S. stocks diverged on Friday, with Goldman Sachs Group rising 1.8% and Alibaba’s U.S.-listed shares falling 7.42% among mega-cap movers.

In the large-cap segment, Circle Internet Group advanced 7.72% and Social Capital Hedosophia V gained 5.72%. Ubiquiti Networks dropped 9.53% despite beating fourth-quarter earnings expectations, as the stock’s post-earnings rally faded by session close.

Mid-cap stocks saw broader gains, led by Evolution Metals Tech, which surged 26.13%. Inflection Point Acquisition II rose 9.99%, Figure Technology Solutions climbed 8.32%, and Marathon Pa added 3.14%. OSI Systems was the segment’s outlier, declining 8.32%.

Small-cap movers included CONL, up 16.73%, VPC Impact Acquisition gaining 13.73%, BITX advancing 12.5%, and MSTU rising 15.25%.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

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