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"We are absolutely going to see more of these options-based products come to market. We see it in our own book," BNY Mellon's Ben Slavin said.

Citigroup employees worried about CEO Jane Fraser's sweeping overhaul expressed concern over whether their jobs will exist in the new year.

The Federal Trade Commission warned of criminals sending fake shipping notifications to try stealing money and sensitive personal information.

New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment for the central bank.

Rising access to 401(k) plans has created more small accounts among young savers, say researchers.

Five companies (Apple, Microsoft, Amazon, Nvidia, and Alphabet) make up about 25% of the S&P 500. Six make up about 40% of the Nasdaq-100. 

European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.

The Bank of England kept its main interest rate unchanged at 5.25% and said monetary policy may "need to be restrictive for an extended period of time."

Markets have entered a "new paradigm" as the global order fragments, while heightened recession risk means "bonds are back," according to HSBC Asset Management.

"I think we're still going to have bonds rallying," Gundlach said." "We will see the 10-year Treasury yield in the low threes sometime next year."

The Federal Reserve dialed back its inflation projection on Wednesday, seeing its favorite gauge falling to 2.4% in 2024.

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.