Stocks closed at record highs on Friday, with the S&P 500, Dow Jones, and Nasdaq 100 all notching their biggest weekly gain of the year.

U.S. stocks are coasting to the close of their best week in a year with some modest moves on Friday. The S&P 500 was 0.4% higher in afternoon trading and on track for its biggest weekly gain since early November 2023.

Stocks are headed for the best week of 2024, with the S&P 500 on track for a 4% gain, while the Nasdaq 100 is up more than 5%.

Trading on Wall Street was somewhat subdued early Friday as markets coasted toward another week of big gains. Futures for the S&P 500 were essentially unchanged, while futures for the Dow Jones Industrial Average ticked up less than 0.