New York (CNN) — An early rally faded on Friday and the Dow just missed out on closing at its first record high of the year.

US stocks were mixed on Friday. The Dow closed higher by 35 points, or 0.08%. Meanwhile, the S&P 500 fell 0.29% and the tech-heavy Nasdaq Composite fell 0.4%.

The Dow had opened in record territory, surpassing its previous intraday record high set on December 4, before fluctuating. The Dow needed to finish the day with a gain of roughly 103 points, or 0.23%, to officially close at a record high.

The Dow now needs a gain of roughly 68 points, or 0.15%, to close at an all-time high.

Wall Street has maintained optimism despite signs of underlying turbulence in the economy, but market momentum petered out to end the week. The three major stock indexes still posted b

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