Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average.

Earnings season mostly wrapped up this week, capped off by Nvidia's results. The dollar, meanwhile, continued to rise, hitting its highest level since 2022.

The Vanguard Mid-Cap Growth ETF was rising 0.6% on Friday morning at $266.77, putting the fund on pace to potentially book its first record close since November 2021, according to Dow Jones Market Data.

The S&P 500 ( ^GSPC) advanced 0.3%, while the Dow Jones Industrial Average ( ^DJI) gained 300 points or 0.8%. The tech-heavy Nasdaq Composite ( ^IXIC) flipped between positive an negative territory, after the major gauges closed Thursday in the green.

"There were some warning signs from Target, but if you look at personal income and retail sales, they have been strong all year," said Peter Cardillo, chief market economist at Spartan Capital Securities, in an interview. "That suggests the consumer has buying power."

At the close, the Dow Jones Industrial Average was up 1.0% at 44,296, the S&P 500 was 0.4% higher at 5,969, and the Nasdaq Composite had added 0.2% to 19,003. Helping the Dow outperform was Boeing ( BA ), which climbed 4.1%, as well as American Express ( AXP, +2.9%) and Nike ( NKE, +3.1%).

The stock market was mixed to start the day as Wall Street digested the latest global manufacturing numbers. The Nasdaq Composite was down 0.2%. “Despite a weak batch of flash manufacturing PMI reports from Asia and Europe,