Stock market live Friday: S&P & Nasdaq records, 2% gain for week, retail ETF touches record

This is a markets live blog for CNBC PRO subscribers that will be updated throughout the day.

Wall Street is set to end the holiday week with relatively muted action in Friday's shortened session. Major equity averages are on track for modest gains and their third positive week in four. For continuous real-time insight on the market see below.

More In Markets

CNBC ProEarnings playbook: An investor's guide to the big reports this week including Apple and Amazon
CNBC ProJones, Icahn, Einhorn, Gundlach — Some of the biggest names in investing are betting on inflation