It’s the last trading day of a blockbuster year, and the S&P 500 is just shy of a new record.

Stocks opened near the flatline after Friday’s opening bell. If the S&P 500 ekes out a roughly 0.3% climb, that would push it above its previous high-point reached in January 2022.

All three major indexes are poised to close out the year with big gains, defying the impact of higher interest rates, wars in Ukraine and the Middle East, and a regional banking crisis in the U.S..

The S&P 500’s biggest gainer over 2023 was chipmaker Nvidia, which logged a stonking 240% through Thursday. Not far behind is Meta, up nearly 200%, rewarding those who had faith in Mark Zuckerberg to turn around the Facebook and Instagram owner.

Another big winner: Bitcoin rebounded 156% and trades for more than $42,500.

Stock indexes wavered. The Nasdaq is on track for its largest yearly gain since 2003, while the S&P 500 is approaching its longest weekly winning streak since 2004.

European stocks were closing the year strong, too. The Stoxx Europe 600 is on pace to finish 2023 up 12.5%.

Not everyone had a great year. Hong Kong’s Hang Seng Index fell for the fourth straight year, dropping 14% in 2023.

Oil prices have slipped 10% this year. Prices rose slightly Friday, the final trading day of 2023.

The dollar is down 2% over 2023, when measured against a basket of major currencies.