The Vanguard Mid-Cap Growth ETF was rising 0.6% on Friday morning at $266.77, putting the fund on pace to potentially book its first record close since November 2021, according to Dow Jones Market Data.

Stocks gained ground on Wall Street, keeping the market on track for its fifth gain in a row. The S&P 500 was up 0.2% in afternoon trading Friday.

Earnings season mostly wrapped up this week, capped off by Nvidia's results. The dollar, meanwhile, continued to rise, hitting its highest level since 2022.

The S&P 500 ( ^GSPC) advanced 0.3%, while the Dow Jones Industrial Average ( ^DJI) gained 300 points or 0.8%. The tech-heavy Nasdaq Composite ( ^IXIC) flipped between positive an negative territory, after the major gauges closed Thursday in the green.

"There were some warning signs from Target, but if you look at personal income and retail sales, they have been strong all year," said Peter Cardillo, chief market economist at Spartan Capital Securities, in an interview. "That suggests the consumer has buying power."