President Donald Trump has called on the Senate to terminate the filibuster custom to end the month-long government shutdown. ・The major averages appear on track to post their third consecutive weekly gains.

Meta stock plunged more than 9% after the Facebook parent company reported third-quarter results. A strong performance from its advertising business powered Meta's fastest sales growth since early last year, while the tech giant said it would continue to spend big on its AI ambitions.

Stocks finish mostly lower even after the Fed cut interest rates and said it will stop shrinking its balance sheet on Dec. 1. Separately, investors are preparing for earnings from three of the Mag 7 mega-cap stocks after the close.

Friedman underscored that many of the forces driving today’s markets — the AI revolution, shifts in labor productivity, and more — are also reshaping the global innovation economy, making it even more important for regulatory bodies to intentionally build pro-innovation ecosystems and expanding the number of places where that’s possible.

Navan's shares started trading 12% below their initial public offering price on Thursday, as the travel technology company faced choppy market conditions amid a prolonged U.S. government shutdown. Momentum in the U.