Stocks jump, with Wall Street on track for rare winning week

Stocks are continuing to climb after a rally Thursday on Wall Street, with U.S. financial markets on track for their first weekly gain after three weeks of punishing losses. 

The S&P 500 was up 86 points to 3,882, or 2.3%, as of 11:10 Eastern time, while the Dow Jones Industrial Average rose 627 points, or 2%, to 33,304. The Nasdaq Composite was up 2.4%.

Investors are looking ahead to U.S. inflation data due next week and hoping that the moderation in prices of oil and some other commodities this week is a sign inflation might be abating.