The S&P 500 is up 1.2%, and on course to realize 3.2% this week. That may be its best week since Nov. 8, in line with Dow Jones Market Data. The Dow is up 382 points, or 0.9%, and 4% on the week. It is also on course for its best week since Nov. 8. The Nasdaq Composite is up 1.7% today and a couple of.7% on the week, which is barely good for its best week since Dec. 6.

The stock market’s biggest driver this week has been a bond market rally. Rising bond yields have been weighing on stocks in recent weeks, but some cooler-than-expected inflation numbers eased a few of that pressure.