The Dow Jones Industrial Average gained 358.86 points, or 0.68 percent, to close at 53,118.07 on Friday, rebounding from a 1.3 percent slide Thursday.
The S&P 500 rose 28.99 points, or 0.38 percent, to 7,670.15, snapping a three-day losing streak. Oracle, Estée Lauder and Target led the index, while healthcare and consumer staples declined. The Nasdaq Composite edged higher by 44.27 points, or 0.17 percent, closing at 26,111.44. Apple and Amazon slipped; Cisco and Broadcom gained.
Financials and industrials drove the rebound, with Goldman Sachs and Caterpillar posting gains. Treasury yield stabilization was the key catalyst. The 10-year yield held near 4.72 percent and the 30-year remained at 5.24 percent.
Government bond buyback plans eased long-end yield pressure and mitigated supply concerns. The bond market's steadying helped lift equities after rising Treasury yields and disappointing retail earnings had unsettled sentiment earlier in the week.
Federal Reserve minutes showed some officials favored tighter monetary policy, keeping rate hike concerns alive through year-end. Markets are parsing central bank commentary for clues on timing.
Nvidia, the most valuable U.S. company at $5.28 trillion in market cap, has its next earnings update closely watched by investors as a gauge of AI sector demand. Any guidance miss could reignite tech volatility.
Gold futures surged 1.63 percent to $4,589.23, marking a three-month high and a fifth consecutive weekly gain as the dollar index weakened. WTI crude oil fell 0.28 percent to $86.58 but is on track for a second consecutive weekly advance, supported by Iran sanctions rhetoric and tight supplies.
