U.S. stocks rose on Friday, as a surge in Bitcoin and the resilience of cryptocurrency stocks boosted market sentiment. The Dow Jones Industrial Average rose 517.80 points, or 0.98%, to close at 53277.01 points; the S&P 500 gained 33.21 points, or 0.43%, to close at 7674.37 points; and the Nasdaq Composite Index advanced 113.29 points, or 0.43%, to close at 26180.45 points. However, U.S. government bond yields remained near their highest levels in over a decade, and the S&P 500 recorded its first weekly decline since late July.