"The risk-on rally on Thursday following retail sales and CPI data confirms the Goldilocks narrative," JP Morgan strategists wrote. "The S&P 500 has now recovered above the August 2 (payroll data release) level and is just 2.2% below its all-time high."

U.S. stocks have staged a remarkable rebound from their early-August losses, with all three major U.S. barometers heading for their best weeks since Nov. 3, according to Dow Jones Market Data. The Dow was up 1065.52 points, or 2.7%, this week to 40,563.06.

Stocks rallied Thursday with the S&P 500 up 1.6%. Volatility collapsed as the VIX fell below its historical average. Retail earnings next week could reveal consumer demand trends.

Japanese stocks are headed for their first weekly advance in over a month, with benchmark indexes gradually recovering from the recent rout amid a better economic outlook in the US and a decline in the yen,

The stock market can’t go up every day. The Dow Jones Industrial Average was down 60 points, or 0.2%, shortly after the market opened on Friday. The S&P 500 was down 0.3%. The Nasdaq Composite was down 0.

Investing.com-- U.S. stocks gained Friday, but remained on course for their best week of the year as easing fears over the economic triggered a wave of dip buying in stocksfollowing the recent market turmoil.

Investing.com-- U.S. stocks slipped lower Friday, but remained on course for weekly gains as reasonably healthy data helped ease concerns over an economic slowdown. At 09:35 ET (13:35 GMT), Dow Jones Industrial Average fell 30 points,