The wind in Wall Street's sails has been a "team" effort, with the artificial intelligence (AI) revolution, stock-split euphoria, better-than-anticipated corporate operating results, a resurgence in share repurchase activity, and optimism following President-elect Donald Trump's victory all leading the charge.

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.

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

"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."

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

Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss.

Asian stocks are mostly higher following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected. U.S. futures edged higher and