Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
Solar power is on the rise. You can see the evidence on rooftops and in the desert, where utility-scale solar plants are popping up. The picture is not all rosy, but if the...Technologyread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
U.S. stock index futures were higher Friday on the heels of some better-than-expected corporate earnings results.
On Thursday, the S&P 500 set a fresh intraday record, surpassing its previous high in September.
Among earnings, General Electric narrowly topped profit estimates and missed on revenue, but traders focused on a record backlog level, sending shares higher in pre-market trading.
Also, Morgan Stanley escaped the trading slowdown that has vexed some of its competitors and posted better-than-expected earnings that also sent its shares up more than 2 percent.
Google soared after the search-engine giant posted better-than-expected earnings.
So far, 85 S&P 500 companies have reported quarterly results, with earnings topping expectations by an average of 4.2 percent, according to the latest data from Thomson Reuters.
A parade of Federal Reserve officials are scheduled to speak throughout the day including Fed Governor Daniel Tarullo, New York Fed President William Dudley, Chicago Fed President Charles Evans and Fed Governor Jeremy Stein.
Trader Todd Horwitz, the author and founder of Averagejoeoptions.com, said he did not expect the Fed to start tapering its bond buying program for another year. That explained the move higher on stock markets despite a lackluster economy.
(Read more: Taper talk could be dead until next year)
"This free flow of money is going to continue..It's monopoly money, that's what we're playing with," he told CNBC. "The average guy can't get that money but the big guys can get all they want."
Lindsey Piegza, chief economist at Sterne Agee said the budget deal left an overhang of uncertainty for consumers. "We still don't have a long-term outlook," she said, warning that this will keep businesses and consumers on the sidelines.
Investors will listen carefully to comments by Fed policymakers in light of the focus on tapering. Jeffrey Lacker, Daniel Tarullo, William Dudley and Charles Evans are among Fed officials set to speak on Friday.
On the economic front, the Conference Board is scheduled to release its leading economic indicators index for September at 10 am ET.
And next week brings a deluge of data following delays due to the partial government shutdown. The closely-watched non-farm payrolls for September will be released on Tuesday.
Markets in Asia and Europe were also buoyed by the news that China's economy grew 7.8 percent in the third quarter. The yuan hit a record high for a fifth consecutive day against the weak U.S. dollar.
Lenovo, the world's largest PC maker, signed a non-disclosure agreement to review Blackberry's books.