Wall Street bounces to a less-bad weekly loss: Nvidia, Jackson Hole on tap

U.S. stocks strode across the finish line of an eventful late-summer week on Friday with respectable gains.

All three major U.S. stock indexes advanced, with the blue-chip Dow .DJI jumping the most, advancing nearly 1%.

But the rally, which gained some steam later in the afternoon, wasn't enough to wash away a series of selloffs that were prompted by a bond rout, which sent long-dated yields spiking amid concerns over ballooning debt, persistent inflation, and dimming hopes for a near-term solution to the U.S.-Israeli war on Iran.

Treasury Secretary Scott Bessent has vowed more than once this week to expand purchases of longer-dated Treasuries to rein in those spiking yields, even as U.S. debt crossed the $40 trillion mark.