U.S. stocks are rallying Friday to trim their losses in what had been one of the market's roughest weeks of the year. The S&P 500 climbed 1.2% and was on track for its best day in six weeks after erasing an early drop.

BANGKOK (AP) — World shares were mixed on Monday after U.S. stocks capped a mostly dismal week with a broad rally that still left the benchmark S&P 500 down 2% for the week. One shadow over markets was cleared when U.S. lawmakers passed a budget deal in the early hours of Saturday, narrowly averting a pre-Christmas government shutdown.

Shares of Palantir Technologies (NASDAQ: PLTR) have advanced 370% this year. Factors contributing to that upside include strong financial results driven by demand for its artificial intelligence platform,