U.S. stock indexes closed their best week in two months with a flourish on Friday. The S&P 500 climbed 1% to clinch its first winning week in the last three. The Dow Jones Industrial Average rose 334 points,

Bond yields dipped for a third day on Friday, bringing some relief to investors after they watched the 10-year approach 5% in recent weeks.

Global shares are mostly higher following a rally on Wall Street driven by encouraging update on U.S. inflation. Oil prices slipped and U.S. futures edged higher.

U.S. stocks dipped on Thursday as a jump in the prior session cooled, while investors eyed the most recent corporate earnings and gauged economic data to determine the path of Federal Reserve rate cuts.

U.S. stock indexes are rising Friday as they head toward the close of their best week in two months. The S&P 500 was 0.9% higher in early trading and on track for its first winning week in the last three.

Wall Street is mixed before the bell with the latest government report on retail sales and a slew of corporate earnings reports landing. Futures for the S&P 500 inched up