Fundstrat's Tom Lee called Nvidia's earnings release a "clearing event" for the stock market and that investors' "animal spirits" are rising.

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.

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.

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.

Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 9.3% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year.

U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected

The Dow Jones Industrial Average closed at a new record on Friday, capping off a winning week for stocks. The blue-chip Dow gained 426.16 points, or 0.97%, to 44,296.51, a new all-time closing high and its third straight positive session.