Traders work on the floor of the New York Stock Exchange (NYSE) in New York City.
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This report comes from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.
TikTok clock restarts
TikTok said in a statement from American services. According to CNBC, Perplexity AI submitted a bid to TikTok parent company ByteDance on Saturday to create a new entity formed by the merger of Perplexity, TikTok US and New Capital Partners.
U.S. stocks rise in first week of 2025
U.S. stocks rose on Friday, ending the week in positive territory for the first time since 2025. Stoxx 600 Index up 0.69%. British FTSE 100 rose 1.35% to close at a record high. The index was boosted by mining stocks, which rose on the news: Glencore Reportedly considering merger Rio Tinto Although negotiations are no longer active.
TSMC confident of continuing funding under Trump
TSMC TSMC Chief Financial Officer Wendell Huang said in an exclusive interview with CNBC that TSMC will continue to receive the $6.6 billion promised by the Biden administration's Chip and Science Act even after Trump takes office. Trump criticized the Chip Act during the campaign, accusing Taiwan of stealing U.S. chip business
Hamas and Israel swap hostages, prisoners
A ceasefire between Israel and Hamas came into effect on Sunday. Hamas has released its first batch of hostages, three women, to Israel in exchange for the release of Palestinian prisoners. The process will continue in the coming weeks, during which Hamas will release 33 of the 98 Israeli and foreign hostages as Israel returns Palestinian prisoners.
(PRO) Trump dictates market direction
Trump's inauguration will take place later Monday. Investors will want to keep an eye on what executive orders Trump will sign from his first day as president, especially those related to tariffs and corporate policy. These orders can chart long-term trends in a stock, not just short-term trends.
this S&P 500 Index The index soared above the shiny 6,000 mark after Trump's election, but has largely erased all gains over the past few weeks and returned to pre-election levels. However, as Trump prepares to enter the White House, investors appear to be preparing to once again participate in the market based on his agenda.
Stocks ended the week on a positive note, posting their first weekly gain this year. This week, S&P 500 Index up 2.9%, Dow Jones Industrial Average It rose 3.7%, its best weekly performance since the week of the U.S. presidential election in November. this Nasdaq Composite Index Up 2.5%, it was its best week since early December.
Bank stocks drove much of the index's gains, as better-than-expected earnings reports from big banks boosted their share prices. shares Goldman Sachs Up about 12% this week JPMorgan Chase It rose 8% over the same period. Overall, the financial sector gained more than 6% last week, outperforming the S&P.
A Trump presidency could provide more forward momentum for bank stocks. Chris Senyek, chief investment strategist at Wolfe Research, said rising business and consumer confidence, an extension of tax cuts and financial sector deregulation are potential drivers for the sector.
"We continue to view financials as the biggest sector winner under the Trump administration," Senyek wrote in a note on Friday.
That said, in addition to expectations of Trump occupying the Oval Office, December's streak of subdued inflation numbers also boosted the market's animal spirits: All sectors of the market ended the week in the green.
Better-than-expected economic data earlier this week helped "restore the Goldilocks narrative in the stock market and may prompt some to take risks again." barclays bank strategist Emmanuel Cau wrote in a note on Friday.
Generally, any change increases risk. Trump 2.0 certainly is, but as the number "two" suggests, the changes we've seen before may alleviate a little bit of that uncertainty.
—CNBC’s Alex Harring, Hakyung Kim and Sarah Min contributed to this report.