Stock futures rose on Friday, following a rough week of losses.

S&P 500 futures rose 0.95% as Nasdaq 100 futures gained 1.1%, and Dow Jones Industrial Average futures gained 246 points.

These small advances came on the heels of a week filled with bad news. Following inflation numbers from the previous week that exceeded predictions, retail sales and housing starts added to the fears, and the Fed raised the benchmark interest rate the most since 1994, as it upped predictions of future inflation.

Wharton Business School professor Jeremy Siegel said, “This week was brutal. … Let me tell you, we’re in a recession. It’s a mild recession. It’s not an official recession by the NBER, certainly not yet, but this first half is negative GDP growth, and it’s ending on a slide.”

As a result the S&P 500 dropped 6% over the week through end of trading Thursday. It was the worst performance seen since March of 2020 as the reality of the pandemic took hold. All 11 sectors were at least 15% off their recent highs.

The Dow dropped 4.7% over the week, falling below 30,000 for the first time since January 2021, heading toward its 11th negative week out of 12.

Meanwhile the Nasdaq’s tech stocks took the brunt of the blows, as it dropped 6% for the week.

Industrial production data for may will be out before the opening bell, but there will not be much else to move the market.