NEW YORK (CNN/Money) - The Dow edged higher Friday, ending the week on an up note, while the Nasdaq couldn't manage to break out of its rut, closing lower for a sixth straight day.

The Dow Jones industrial average (up 64.64 to 9191.09, Charts) managed to end the day 0.7 percent higher, rising for its fifth week of six. The Standard & Poor's 500 index (up 3.47 to 977.59, Charts) closed up 0.4 percent, while the Nasdaq composite (down 8.15 to 1644.03, Charts) ended the day 0. 5 percent lower. Both the S&P and the Nasdaq also closed out the week on a down note.

"The market has been in this trading range for a while," said Brian Finnerty, managing director at Melhado, Flynn & Associates. "The market is now digesting all of this economic news. I believe we're poised for another good run in the market."

But the market wasn't ready to break out of the range on Friday. While McDonald's carried blue chips higher as investors cheered its report showing a jump in sales, a warning from nVidia damaged the Nasdaq, pressuring the chip sector.

Interest rates also remained at the forefront as investors considered the Treasury's successful sale of $18 billion of 10-year notes Thursday. But Treasury prices tipped lower late Friday, with the 10-year note yielding 4.28 percent.

Stocks rallied in the first half of 2003 as investors looked ahead optimistically, hoping they would see more signs of an economic recovery taking hold in the second half of the year. But the rally fizzled out in recent weeks as investors' worries about the possibility that rising interest rates could stifle economic growth took hold. The success of the Treasury's 5- and 10-year note auction this week, which brought bond yields lower, encouraged investors.

Investors will come up against a slew of potentially market-moving economic and earnings reports next week, in addition to the Federal Reserve's meeting on interest rates. Economists expect the Fed to leave rates unchanged as economic data has appeared to be improving in recent weeks.

Next week also is poised to be a big one for retailers. In addition to Wal-Mart's (WMT: up $0.77 to $57.77, Research, Estimates) earnings, July retail sales data is set for release Wednesday.

Investors will also get data on producer prices, consumer prices, production and consumer sentiment during the week. The weekly jobless claims likely will continue to draw attention as the data has indicated growth in the labor market by holding below the key 400,000 mark for the past three weeks.

"What we've seen has really been priced into the market," said John Davidson, president and CEO of PartnersRe Asset Management. "At this point we need to see evidence of rising spending on capital and businesses hiring employees."

Also on the earnings front, chip equipment maker Applied Materials and PC maker Dell Computer (DELL: down $0.30 to $30.94, Research, Estimates) are both on the docket to post quarterly earnings next week.

Meanwhile, news about individual stocks took center stage Friday as a lack of economic and earnings reports left little major news for investors to consider.

In corporate news, McDonald's (MCD: up $1.83 to $23.89, Research, Estimates) led the Dow, jumping 8.3 percent after saying late Thursday that its sales at U.S. stores open at least a year rose 9.9 percent in July.

But nVidia (NVDA: down $3.80 to $15.50, Research, Estimates) shares weighed on the Nasdaq, sinking 19.7 percent after the graphics chipmaker warned its gross margins would be hurt by higher technology costs, despite posting a rise in second-quarter profits.

The warning weighed on the chip sector as a whole, with the Philadelphia Semiconductor index dropping 3.1 percent. Among the biggest losers, Applied Materials (AMAT: down $0.90 to $17.88, Research, Estimates) slid 4.8 percent, KLA-Tencor (KLAC: down $1.72 to $48.04, Research, Estimates) dipped 3.5 percent, Microchip (MCHP: down $1.29 to $23.66, Research, Estimates) sank 5.2 percent, and SanDisk (SNDK: down $3.92 to $47.90, Research, Estimates) lost 7.6 percent.

Market breadth was mixed on light volume. Advancing stocks beat out decliners on the New York Stock Exchange about 2 to 1 as 1.1 billion shares traded. On the Nasdaq, losing stocks edged out winners as 1.3 billion shares changed hands.

Traders said August tends to be a light volume month, with many investors on summer vacation, which adds to volatility.

European markets closed mostly higher Friday. Asian-Pacific stocks ended mixed. (Check the latest on world markets)

The dollar, which clocked its biggest one-day loss against the yen since March on Thursday, rose against the euro but was little changed versus the yen.

Light crude oil futures fell 21 cents to $32.18 a barrel in New York, where gold rose $3.80 to $357.90 an ounce.