The major indexes were on track to post gains for the week ahead of the Memorial Day weekend holiday. It would be the first weekly advance for the S&P 500 in three weeks.
The broad-based S&P 500 was moving closer to the 1900 mark and was up 0.3% at midday, jumping past its record closing high of 1,897.45 set on May 13.
The Dow Jones industrial average gained 0.3% and the Nasdaq composite index rose 0.4%.
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In another sign the housing market was beginning to finally pick up in the spring selling season, sales of new homes rose a better-than-expected 6.4% in April.
That came on top of a report Thursday that showed existing home sales rose 1.3% in April, the first monthly gain this year.
The news helped boost homebuilders' stocks.
The yield on the 10-year Treasury note fell to 2.53%, down from 2.55% Thursday. Crude oil rose 45 cents to $104.19 a barrel.
Overseas, Asian markets advanced. Tokyo's Nikkei 225 index jumped 0.97% to 14,462.17 and Hong Kong's Hang Seng index rose 0.1% to 22,965.86.
European shares were mixed. London's FTSE 100 index was down 0.1% to 6,816 and Germany's DAX index gained 0.54% to 9,768.
Thursday, the Dow closed up 10.02, or 0.1%, to 16,543.08, the S&P 500 gained 4.46, or 0.2%, to 1,892.49, and the Nasdaq jumped 22.80, or 0.6% to 4,154.34.
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