The Dow on Friday was on pace to hit its first record high of the year, reflecting steady optimism on Wall Street despite signs of underlying turbulence in the economy.

NASDAQ has also moved away from session highs amid profit-taking. Advanced Micro Devices, which was up by 5.4%, was among the biggest gainers in the NASDAQ index today. NASDAQ faced resistance near 23,950 and pulled back towards the 23,800 level. If NASDAQ settles below 23,800, it will get to the test of the nearest support at 23,700 – 23,800.