U.S. stock indexes are rallying toward the close of their best week in two months. The S&P 500 rose 1.1% Friday.

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.

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.

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