New York – The U.S. stock market is flirting with its all-time high on Friday.

The S&P 500 rose 0.5% and is on track to squeak past its record closing level, which was set in late October. The Dow Jones Industrial Average was up 238 points, or 0.5%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.

If the S&P 500 finishes the day at an all-time high, it would be just the latest time the U.S. stock market has powered past what appeared to be a debilitating set of worries. Most recently, those concerns centered on what the Federal Reserve will do with interest rates, whether too many dollars are flowing into artificial-intelligence technology and if sharp drops for cryptocurrencies would bleed over into other markets.

Ulta Beauty helped lead the way on Friday and j

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