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U.S. stocks whipsawed on Friday as investors digested remarks made by Federal Reserve Chair Janet Yellen.
The Dow Jones Industrials moved up 61.39 points to 18,509.80,
The S&P 500 gained 8.26 points to 2,180.73, after holding just above the flatline immediately after the release.
The NASDAQ Composite recovered 21.48 points to 5,233.62.
Yellen said in a much-anticipated speech Friday at the central bank's annual Jackson Hole, Wyoming summit that the case for a rate hike has gained strength "in recent months."
Market expectations for a rate hike in September, the Fed's next meeting, were 18%, according to experts.
Investors also digested the second read on second-quarter U.S. gross domestic product, which showed growth of 1.1%, down from the initial read of 1.2%.
Other economic data due Friday are consumer sentiment for August.
Prices for the 10-year Treasury strengthened, lowering yields to 1.57% from Thursday’s 1.58%. Treasury prices and yields move in opposite directions.
Oil prices lessened 28 cents a barrel to $47.05 U.S.
Gold prices fell one dollar at $1,323.60 U.S. an ounce.
