U.S. stock indexes are closing their best week in two months with a flourish on Friday. The S&P 500 was 1.2% higher in midday trading and on track for its first winning week in the last three. The Dow Jones Industrial Average was up 447 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.

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.