Investors are optimistic that European finance ministers will sign off on Greece's latest economic reform proposal when they meet Monday. Their approval is needed in order for Greece to receive bailout funds and avoid default on a €14.5 billion bond redemption in March.

Moves in the market could be muted Friday, as investors take a breather going into the long weekend and ahead of Monday's big meeting -- especially with the Dow finishing at its highest level since May 2008 on Thursday, and the Nasdaq at a decade high.