U.S. stock indexes staged a late-week rally on Friday, with the Dow Jones Industrial Average .DJI posting its biggest one-day percentage gain since Jan. 6 after upbeat results from Apple Inc AAPL.O and U.S. jobs data highlighting a resilient labor market. "Market expectation of cuts already in the summer are based on a too-optimistic forecast of a quick disinflation," Paolo Zanghieri Senior economist at Generali Investments wrote in a note. Regional bank shares extended gains in premarket, with PacWest Bancorp PACW.O jumping 13.5% after the company announced quarterly dividend.