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With trade tensions toned down, stocks have clearance to rally into year end, a traditionally positive time for stocks.

"This is not who we are," the bank leader said.

Stocks capped a solid week of gains with small moves as investors digested the details of a phase one trade deal between China and the U.S.

"The reduction is only half as large as our baseline assumption," said Goldman's chief economist Jan Hatzius.

National Economic Council Director Larry Kudlow maintained a cautious optimism around the trade agreement struck by China and the U.S.

The trade deal agreed to by the U.S. and China diffuses tensions and could help boost corporate profits and the global economy next year.

Scammers are luring young people into a type of fraud promising to pay them money to drive cars wrapped in company advertisements.

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Chinese officials gave a press conference Friday morning to discuss trade talks.

The "Fast Money" traders share their first moves for the market open.