U.S. stock indexes are closing out their best week in two months with a flourish. The S&P 500 was 1.1% higher in midday trading and on track for its first winning week in the last three. The Dow Jones Industrial Average was up 398 points,

Wall Street was heading for more gains before the open on Friday as markets try to log their first winning week of 2025 on the final day of trading during the Biden presidency. Futures for the S&P 500 climbed 0.

U.S. stock indexes drifted lower Thursday following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies. The S&P 500 slipped 0.2% after flipping between small gains and losses through the day.