Investors are watching to see if Nasdaq can close higher, after hitting an all-time high Thursday. The S&P 500 hit a new intraday high, but didn't close there. The Dow was about 1 percent away from a new high.
Positive momentum seems to be running out of steam. Nonetheless, the Dow and S&P 500 remain on track for a third straight positive week, provided they can hold onto the modest gains chalked up Monday through Thursday.
The markets will try to tack on more green arrows today, following a positive session Wednesday. The Dow, Nasdaq, and S&P 500 all closing at 3 week highs, thanks to a rally in commodities and a drop in the dollar.