US equities barely moved this week, following the S&P 500's biggest weekly jump of the year.
The index has rebounded 12 percent from its low in August as concern eased that China's slowdown will hurt global growth. The S&P 500 has gained in eight of the last nine weeks.
The index closed within 2 percent of a record as policy makers have signaled the economy is strong enough to withstand the first interest-rate increase since 2006, and investors have become more comfortable with the notion that borrowing costs may soon be higher.
Recent economic data have bolstered the case for the Federal Reserve to begin raising interest rates, and traders are pricing in a 72 percent chance of liftoff next month.
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On Friday, one of the busiest shopping days of the year, a group of retail companies in the benchmark index slipped for the first time in five days while posting a second-straight weekly gain.
US e-commerce sales surged on Thanksgiving, suggesting customers may be choosing to stay away from stores.