Stocks just miss record | Dow 650,000? | Biggest deficit in 7 years

After weeks of hovering around its July 26 record, the S&P 500 came within inches of reaching its all-time high on Friday.

VIEW IN BROWSER | SUBSCRIBE FRI, OCT 25, 2019 EVENING BRIEF AS OF FRI, OCT 25, 2019 • 04:01 ET DJIA 26955.89 +0.56% +150.36 S&P 500 3022.27 +0.40% +11.98 NASDAQ 8243.12 +0.70% +57.32   Most Active DOW NAME LAST CHG %CHG INTC 56.46 +4.23 +8.10% MSFT 140.74 +0.80 +0.57% AAPL 246.58 +3.00 +1.23% S&P 500 NAME LAST CHG %CHG INTC 56.46 +4.23 +8.10% AMD 32.71 +0.99 +3.12% BAC 31.72 +0.36 +1.15% NASDAQ NAME LAST CHG %CHG INTC 56.46 +4.23 +8.10% AMD 32.71 +0.99 +3.12% TSLA 328.13 +28.45 +9.49% EDITOR'S NOTE So close!    After weeks of hovering around its July 26 record, the S&P 500 came within inches of reaching its all-time high Friday after strong earnings from companies such as Intel and Visa. Those results helped offset disappointing results from Amazon.   Wall Street also got a lift from positive trade news. The U.S. Trade Representative's office said China and the U.S. are close to finalizing parts of a phase one trade deal. This was not enough, however, to bring the S&P 500 above its record.   Stocks will get another go at the record highs on Monday, the first day of the busiest week of the earnings season.  More than 140 S&P 500 companies are scheduled to report next week, including heavy hitters such as Apple, Facebook, Alphabet, General Electric and Starbucks.   So far, 38.2% of S&P 500 have posted quarterly numbers. Of those companies, 78% posted better-than-expected results, according to FactSet. But there were some notable disappointments. Amazon and Twitter reported weaker-than-expected results on Thursday.   Wall Street will navigate next week's heavy earnings slate while bracing for a Federal Reserve monetary policy meeting. Traders are largely expecting the central bank on Wednesday to cut rates for the third time this year.   But the key for investors will lie in the clues the central banks gives for future policy moves, writes CNBC's Patti Domm, noting that economists are all over the map about their Fed expectations after next week's meeting.   Navigating the world of financial products such as credit cards can be confusing. That's why we launched CNBC Select where we simplify the process by crunching the numbers, reviewing dozens of offers and providing you with all the information you need in one place. Click here to learn more. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  Stocks rise on earnings, trade-deal optimism; S&P 500 flirts with record US and China are close to finalizing some sections of trade deal, US trade representative says Federal deficit increases 26% to $984 billion for fiscal 2019, highest in 7 years Trump Organization explores selling lease rights for Washington hotel over ethics concerns Lawyers for former Trump advisor John Bolton reportedly in contact with impeachment probe panels This generator maker's stock just soared to a record as PG&E power cuts cause business to boom Facebook News launches with hand-picked stories from major publishers Fisher withdrawals top $3 billion as Texas retirement plan exits AT&T will give away its HBO Max streaming service for free to 10 million wireless customers Billionaire investor Ron Baron sees Dow 650,000 in 50 years — about 25 times higher than today     TOP VIDEO Watch CNBC's full interview with Tesla Chairman Robyn Denholm   CNBC PRO Nearly every analyst covering Amazon says buy the dip, except one   SPECIAL REPORTS Amazon falls further after missing on earnings — here's what 6 experts are watching now Bet on these two sectors for a breakout on earnings, traders say   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS