U.S. stocks rebounded on Friday, the 21st, as bargain hunting and strong economic data outweighed concerns about higher Treasury yields and crude oil prices. The Dow Jones Industrial Average rose 517.80 points, or 0.98%, to 53,277.01; the S&P 500 gained 33.21 points, or 0.43%, to 7,674.37; and the Nasdaq Composite advanced 113.29 points, or 0.44%, to 26,180.46. Bitcoin traded around $77,000, approaching the $80,000 mark. Crypto-related shares rallied, with Coinbase jumping 8.2% and Robinhood soaring 14%. The dollar weakened to 98.83 on the DXY. Spot gold rose 2.2% to $4,615.65 per ounce. International oil prices climbed for the sixth straight session. The rebound was driven by S&P Global's flash August services PMI of 56.8, the largest monthly increase in 20 months, signaling expansion in the services sector. Despite the day's rebound, all major indexes finished lower on a weekly basis. Market attention is now turning to next week's major economic and corporate events, including the Federal Reserve's Jackson Hole policy symposium.