The Week on Wall Street
Stocks rebounded sharply on Friday as bargain-hunting investors snapped the three-day losing streak.
"Bond yields have been rising and people stepped back from the market but came back in today and invested money that was piling up on the sidelines in the past couple of days," said David Goerz, chief investment officer at HighMark Capital.
Chip stocks were in focus after National Semiconductor reported quarterly results after Thursday's close of trading.
Peter Kang is a news writer for CNBC.com. He can be reached at email@example.com.