The Dow Jones Industrial Average kicked off the final trading session of 2023 on a positive note, rising by 0.1% along with other major indexes. Investors remain optimistic as the stock market finished mixed on Thursday, with the Dow Jones climbing 0.1% to reach another all-time high.

Tech giant Nvidia saw a 0.6% increase in its stock price on Friday morning, nearing the buy point of 505.48. The company recently launched a gaming chip for the Chinese market that will comply with U.S. export restrictions. An adjusted version of the chip is set to be available for Chinese consumers starting in January. This move aligns with Nvidia's continuous efforts to expand its presence in the gaming industry and adapt to global regulations.

Meanwhile, the S&P 500 hit a fresh 2023 high and edged closer to a new all-time record. The tech-heavy Nasdaq composite also touched a new 2023 high, despite stocks losing a fraction. On the other hand, the small-cap Russell 2000 experienced a slight decline of 0.4%.

As the year comes to an end, it is noteworthy that the Nasdaq is on track to achieve an advancement of more than 44% in 2023, while the S&P 500 has gained over 24% and the Dow 30 has seen nearly a 14% increase throughout the year.

In terms of commodities, oil prices stabilized after Thursday's losses, with West Texas Intermediate futures climbing approximately 1% on Friday morning, surpassing the $72 per barrel mark.

Among the best stocks to buy and watch in the current market rally are Alphabet, whose stock is in buy range following a breakout move, and Netflix, which broke past a key buy point out of a cup with handle last week. Additionally, other notable stocks include Celsius, Monday.com, Amgen, Caterpillar, and Visa.

Amgen, a drug leader, is attempting to break out past an official buy point of 288.46 in a flat base. Caterpillar, a heavy machinery giant, remains above a buy trigger of 293.88, while payments leader Visa is still within the buy range above an entry of 250.06 in a cup base.

In the tech industry, Alphabet is in buy range after surpassing a buy point of 139.42 in a cup with handle. Netflix, despite a slight decline on Thursday, remains one of the best stocks to buy and watch after breaking through a buy point of 482.70 out of a cup with handle last week.

Fitness drink leader Celsius showed a bullish move on Wednesday, gaining more than 5% and surpassing the 50-day line for the first time since early November. Monday.com also continues to hold above its buy point of 185.81 in a cup with handle. Snowflake, an artificial intelligence leader, is at the top of its buy range after surpassing a buy point of 192.66 in a cup with handle.

Overall, the stock market continues its upward trend as 2023 comes to a close. Investors are advised to stay updated on the latest market developments and read IBD's The Big Picture column to navigate through the ongoing uptrend.