Stock market live Friday: Stocks climb, best Nasdaq week since July, Trump on stimulus: 'go big'

• The Dow gained 161 points, 0.57%, its third positive session in a row and fourth positive session in five
• The Dow gained 3.27% for the week, its best weekly performance since Aug. 7 when it gained 3.80%
• The S&P 500 gained 30 points, 0.88%, its third positive session in a row and fourth positive session in 5
• The S&P 500 gained 3.84% for the week, its best weekly performance since July 2 when it gained 4.02%
• Eight of 11 S&P Sectors were positive in Friday's session, led by tech, up 1.54%. Energy was the laggard, down 1.59%
• The Nasdaq Composite gained 159 points, 1.39%, its third positive session in a row and fourth positive session in five
• The Nasdaq Composite gained 4.56% for the week, its best weekly performance since July 2 when it gained 4.62%
• The Russell 2000 gained 0.55%, its seventh positive session in eight
• The Russell 2000 gained 6.38% for the week, its best weekly performance since June 5 when it gained 8.11%. — Christopher Hayes

The U.S. market finished higher across the board on Friday. The Dow gained 160 points, or 0.6%, while the S&P 500 rose 0.9%. The Nasdaq Composite led the way with a climb of 1.4%. — Jesse Pound

The major averages were broadly higher as President Donald Trump called for a bigger coronavirus aid package. The Dow gained 127 points, or 0.5%. The S&P 500 advanced 0.7% and the Nasdaq was up by 1.1% with an hour left in the trading session. —Fred Imbert

President Donald Trump threw his support behind a big stimulus package, saying he'd like to see more than what's on the table now – from either side.

"I'd like to see it happen. A lot of people are hurting because of China. It wasn't these people's faults. I would like to see a bigger stimulus package frankly than either the Democrats or Republicans are offering," Trump told radio talk host Rush Limbaugh during a lengthy interview Friday afternoon.

"It was not their fault that China sent in the plague. It's not their fault, and China's going to pay a big price," he added. Trump did not specify the dollar level he'd like to see. –Jeff Cox

Friday's climb put the major average on pace for strong weekly gains. The Dow is up 3.2%, which would be the benchmark's biggest one-week gain since the week of Aug. 7, when it jumped 3.8%. The S&P 500 was headed for its best weekly performance since the first week of July, rising 3.8%. The Nasdaq Composite has popped 4.3% week to date, which would be its strongest weekly gain since July. —Fred Imbert

The Trump administration has increased its offer on coronavirus relief to $1.8 trillion, CNBC's Ylan Mui reports. That is above a previous offer of $1.6 trillion from the White House but still below the $2.2 trillion from House Democrats. — Jesse Pound

The major averages traded at their session highs around midday after President Donald Trump said in a tweet: "Covid Relief Negotiations are moving along. Go Big!"

The Dow was up more than 200 points, or 0.8%. The S&P 500 and Nasdaq Composite traded higher by 0.9% and 1.1%, respectively. —Fred Imbert

Senate Majority Leader Mitch McConnell said Friday that further stimulus measures are unlikely before Election Day on Nov. 3. 

Speaking in his home state of Kentucky, the Republican said "the situation's kind of murky" while negotiators try to "elbow for political advantage" as Americans cast their ballots.

"I'd like to see us rise above that like we did back in March and April, but I think that's unlikely in the next three weeks," he added. — Jacob Pramuk, Pippa Stevens

The Russell 2000 is on track to close out the week with a nice 6% plus gain, but SentimenTrader points out that its 11% run in the past two weeks is one of its biggest 10-day runs ever.

SentimenTrader writes that there have only been 20 times over the past 40 years when the index rebounded by 10% over a 10-day period.

"When buying interest was so intense, it tended to generate even more excitement. During the next month, there was a 60% probability of a big rise versus only a 5% probability of a big drop," it wrote.

The Russell was up about 0.4% Friday morning. — Patti Domm 

Cruise stocks moved higher following news that Vice President Mike Pence would hold a phone call with industry executives on Friday afternoon. Shares of Royal Caribbean, Carnival and Norwegian were all up more than 1%. — Jesse Pound

• Wedbush raised its price target on Domino's Pizza to $500 from $445.
• William Blair upgraded Wayfair to outperform from market perform.
• New Street downgraded Nvidia to sell from neutral.
• Mizuho initiated Zoom as buy.
• Goldman Sachs reinstated General Electric as buy.
• Susquehanna downgraded American Express to neutral from positive.

Pro Subscribers can read more here. - Michael Bloom

Stocks rose out of the gate on Friday as stimulus talks continue. The Dow Jones Industrial Average advanced 103 points for a gain of 0.36%. The S&P 500 rose 0.5% while the Nasdaq Composite traded 0.6% higher. - Pippa Stevens

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke about a large stimulus plan Thursday as both sides worked to end what's become a weekslong battle over the next round of Covid-19 relief.

According to Pelosi's spokesman, Mnuchin "made clear" on a 40-minute phone call that President Donald Trump is interested in landing a comprehensive aid package that addresses a range of issues from jobless benefits and direct payments to support for state and local governments.

Mnuchin's remarks to Pelosi appeared to contradict Trump's own tweets and White House comments earlier in the week that suggested the president had lost faith in a wide-ranging package.

His continued interest in reaching a large relief package is likely motivated in part by what's become a tough reelection bid against his Democratic challenger and former Vice President Joe Biden. The 2020 elections are scheduled for Nov. 3. — Thomas Franck

Shares of General Electric jumped 6% in premarket trading after Goldman initiated coverage of the stock with a buy rating. The investment firm said in a note that GE's performance had bottomed out and the stock now has 50% upside.

CNBC Pro subscribers can read more about Goldman's call here. — Jesse Pound

The Chinese onshore currency jumped to a 17-month high, gaining 1.3%, as the Chinese consumer appeared to revive during the golden week holiday, a positive for the Asian economic recovery.

Some strategists are also watching a correlation between Chinese markets and the rise of former vice president Joe Biden in the polls. There is a perception that he would be easier on China than President Donald Trump, though Democrats have also vowed to crack down on China. Biden is expected to take a more diplomatic approach.

The dollar fell to its lowest level in nearly three weeks on Friday, as Biden is expected to launch a major spending program if he wins and Democrats take the Senate. Biden's lead in major polls is an average 9.7 percentage points, according to RealClearPolitics.

The onshore yuan's move was a catch up to gains in its mainland counterpart, as trading resumed after the holiday. Shanghai stocks closed up 1.7%.

Macquarie notes that domestic air travel through Shanghai airport rose 17% during golden week. "The message from the 'golden week' is important because the recovery in the coming months has to be driven by consumption," Macquarie's Larry Hu wrote. He notes the recovery so far has been largely driven by property, infrastructure and exports, which are half the economy, and those growth rates may be peaking. -Patti Domm 

Shares of Advanced Micro Devices fell 2.6% in premarket trading after the The Wall Street Journal reported that the chipmaker is in talks to buy rival Xilinx. The deal would be worth about $30 billion and talks are at an advanced stage, the report said. Shares of Xilinx jumped more than 17%. — Jesse Pound

Here's a look at how stocks have performed so far this week:

• The Dow is up 2.68% this week, on pace for its best weekly performance since Aug. 7 when it gained 3.80%, and second positive week in a row for the first time since Aug. 14
• The S&P 500 is up 2.94% this week, on pace for its best weekly performance since Aug. 28 when it gained 3.26%, and second positive week in a row for the first time since its 5-week streak ending Aug. 28
• The Nasdaq Composite is up 3.12% this week, on pace for its best weekly performance since Aug. 28 when it gained 3.39%, and third positive week in a row. - Pippa Stevens, Christopher Hayes

Shares of Gilead ticked up nearly 2% in premarket trading on Friday after the company released a study showing its Covid-19 anti-viral treatment remdesivir cut recovery time by 5 days compared to patients who received a placebo. The drug also reduced fatality by nearly 75% in patients needing low flow oxygen. Gilead Sciences CEO Daniel O'Day told CNBC Friday that the company has enough supply of the medicine for patients globally. 

Remdesivir was one of the drugs that President Trump received during his Covid-19 treatment.— Maggie Fitzgerald 

U.S. stock index futures rose during overnight trading on Friday as the major averages attempted to end the week on a high note. Futures contracts tied to the Dow Jones Industrial Average gained 140 points, indicating a 142-point gain at the open. S&P 500 futures advanced 0.5%, while Nasdaq 100 futures traded 0.4% higher. 

The move higher comes amid new optimism surrounding ongoing stimulus talks. House Speaker Nancy Pelosi's deputy chief of staff said Thursday in a tweet that Pelosi spoke with Treasury Secretary Steven Mnuchin for 40 minutes on Thursday, during which Mnuchin "made clear" that President Donald Trump is interested in striking a deal. - Pippa Stevens