Stock futures dipped in overnight trading as the S&P 500 attempted to snap a seven-week losing streak.

The Dow Jones Industrial Average futures lost 60 points or 0.2%. S&P 500 futures eased 0.2% and Nasdaq 100 futures ticked down 0.1%.

After the close of Thursday’s market, retail corporate earnings were strong. Ulta Beauty shares rose more than 6 percent postmarket following better-than expected quarterly results. Gap fell more than 12 percent after the market closed. slashing its profit guidance.

Stocks gained on Thursday in the regular session and these postmarket moves were a result. The Dow gained more than 500 point, or 1.6%, for its fifth trading day. The S&P 500 climbed about 2% and the Nasdaq Composite rose nearly 2.7%.

Market sentiment was lifted Thursday after a series of positive earnings in the retail sector. The SPDR S&P Retail ETF gained more than 4%. The leaders were Macy’s (Williams-Sonoma), Dollar Tree and Dollar General.

All three indexes have been closing the week up. The Dow is up 4.4%, the S&P 500 is 4% higher and the Nasdaq Composite is up 3.4% on the week.

Still, the averages are well off their highs, with the Nasdaq Composite solidly in bear market territory and the S&P 500 having briefly dipped more than 20% below its record last week.

The Nasdaq after Thursday’s close is down 27.6% from its record, while the S&P 500 and Dow are off by 15.8% and 11.7%, respectively.

We believe there is a chance of some additional strength. It’s a kind of a classic bull market rally, or bounce from the bottom,” Troy Gayeski (chief market strategist at FS Investments) said Monday on CNBC’s “Closing Bell, Overtime”. “Inflation expectations have been able to reaffirm themselves in recent months.”

Investors will pay attention to economic data releases on Friday. This includes consumer spending, personal income and core personal consumption expenses.