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

BMO Capital Markets forecasts the S&P 500 will reach 6,700, reflecting a gain of 13.2%. Chief investment strategist Brian Belski said he and his team "remain resolutely bullish," but expect "performance and fundamentals will more closely match the historical norms -- namely, in the high-single digit/low-double-digit percentage range in 2025."

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.

BANGKOK -- World shares were mixed on Thursday after the latest U.S. economic data calmed frazzled nerves on Wall Street.

Wall Street is set for its best week since November, with major indexes like the S&P 500 and Nasdaq rising significantly. Big Tech stocks, dubbed the "Magnificent Seven," are leading gains amid easing Treasury yields and encouraging inflation data.