India, Dec. 7 -- The US stock market rose to the edge of its all-time high on Friday. The S&P 500 added 0.2% and finished just 0.3% shy of its record closing level, which was set in October. It had briefly topped the mark during the day, before paring its gain. The Dow Jones Industrial Average added 104 points, or 0.2%, and the Nasdaq composite gained 0.3%.

The modest moves capped a quiet week for Wall Street, offering a respite following weeks of sharp and scary wwings.

Ulta Beanty helped lead the market and jumped 12.7% after the retailer re- ported stronger profit and revenue for the latest quarter than expected. CEO Kecia Steelman said its customers are broadly feeling pressure, but Ulta saw growth across its categories, particularl...