Wall St extends recovery at end of volatile week as investors turn hopeful

Wall Street's major indexes are set for their steepest weekly drop since February after stronger-than-expected inflation data, signs of labor shortage and higher commodity prices

US stocks rose on Friday with broad-based gains as investors looked to economic recovery prospects after worries about a prolonged period of inflation sparked a volatile week of trading.

Futures pared some gains after data showed U.S. retail sales unexpectedly stalled in April, as a boost from stimulus checks faded.

"The disappointing retail sales numbers shouldn't really come as a huge surprise given that last month encompassed stimulus money hitting bank accounts," said Mike Loewengart, managing director of investment strategy at E*TRADE Financial.

"It probably supports the point of view that the dip we experienced this week is a buying opportunity as all