The blue-chip index gained 56.81 points to close Friday afternoon at 37,305.16.
The S&P 500 turned lower 0.36 points to 4,719.19.
The NASDAQ jumped 52.36 points to 14,813.92.
Shares of Costco climbed more than 4% after the retailer surpassed Wall Street’s estimates for quarterly results and issued a dividend of $15 per share.
The major averages are headed for their seventh straight positive week. As of Friday, the Dow is higher on the week by about 2.8%. The S&P 500 is up by 2.5%, while the NASDAQ Composite has climbed 2.9% so far this week. It would also mark the S&P 500’s seventh straight weekly gain, its longest winning streak since 2017.
The S&P 500 could soon join the Dow with its own all-time high. The broad market index is less than 2% away from a record close set in January 2022. The NASDAQ is roughly 8% away from its highest-ever close, and about 9% from its all-time intraday high.
Stocks could see volatile trading as the S&P 500 and NASDAQ go through their respective rebalances. Once complete, Uber will be part of the S&P 500, and DoorDash and MongoDB will be added to the NASDAQ. One concern for this rebalancing is some stocks could end up having outsized weighting going on the indexes.
Prices for the 10-year Treasury fell back a bit, raising yields to Thursday’s 3.91%. Treasury prices and yields move in opposite directions.
Oil prices nosed up 10 cents to $71.68 U.S. a barrel.
Gold prices lost $12.30 to $2,032.60.