US stocks closed higher on Friday but still finished the week down, as rising government bond yields and Middle East tensions kept investors nervous.

• The Dow jumped about 1%, with the S&P 500 and Nasdaq up less, while chip stocks slipped.
• Long-term bond yields keep climbing — the 30-year is near its highest level in more than a decade — which pressures stocks.
• The Treasury is trying to calm the bond selloff by buying back more of its own debt, with more details due Monday.
• Tesla was the standout winner, up 5%, while Nvidia and Apple edged lower.
• Taiwan Semiconductor's US-listed shares rose slightly.

Outlook: Next week brings the Fed's favorite inflation report, Nvidia's earnings, and Fed chair Warsh speaking at Jackson Hole — any of which could set the market's direction.