Traders work on the floor of the New York Stock Exchange (NYSE) in New York.
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This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors the latest news wherever they are. Like what you see? You can subscribe Here.
What you need to know today
The clock has restarted for TikTok
TikTok said in statement regarding X that it is restoring service in the US after US President-elect Donald Trump wrote on his social media app Social truth “will issue an executive order on Monday” to delay TikTok ban. On Saturday, Perplexity AI submitted an offer to ByteDance, TikTok's parent company create a new combined entity bringing together Perplexity, TikTok US and new equity partners, CNBC has learned.
First winning week for US stocks in 2025
US markets increased on Friday to end the week in positive territory for the first time in 2025. Pan-European Stoxx600 Index increased by 0.69%. Great Britain FTSE100 increased by 1.35%, closing at a record level. The index was increased by mining companies that advanced after the news that Glencore apparently Considered connection with RioTinto although conversations are no longer active.
TSMC is confident of continued funding under Trump
A Taiwanese semiconductor company expects to continue receiving $6.6 billion was pledged under Biden CHIPS and the Science Act even after Trump took office, TSMC CFO Wendell Huang he told CNBC in an exclusive interview. On the Trump campaign trail criticized the CHIPS Act and accused Taiwan of stealing chip business from the US
Hamas and Israel exchange hostages and prisoners
The ceasefire between Israel and Hamas came into force on Sunday. Hamas released three women, the first batch of hostages, to Israel in exchange for Israel's release of Palestinian prisoners. The trial will continue over the next weeks, during which Hamas will release 33 of the 98 Israeli and foreign hostages as Israel returns to Palestinian prisoners.
(PRO) Trump will determine the direction of markets
Trump's inauguration will take place next Monday. Investors will want to watch this what executive orders Trump will sign starting from day one of his presidency, especially when it comes to tariffs and corporate policy. These orders can determine the direction of stock development for much longer than just the near future.
The most important thing
The S&P500 rose above the shiny 6,000 level after Trump's election victory, but has largely erased all of its gains and has returned to pre-election levels over the past few weeks. But as Trump prepares to enter the White House, it appears that investors are once again preparing to play the market on his agenda.
The stock ultimately ended the week higher, marking its first weekly gain this year. For a week, S&P500 increased by 2.9% i Dow Jones Industrial Average rose 3.7%, the best weekly result since the week of the US presidential election in November. The Nasdaq Composite added 2.5%, which is the best week since early December.
Banks largely contributed to the index gains, as better-than-expected earnings reports from large banks lifted their shares. Shares Goldman Sachs increased by about 12% in a week and JPMorgan Chase increased by 8% in the same period. Overall, the financial sector rose more than 6% last week, outperforming the S&P.
Trump's term as president could provide more momentum for bank stocks. According to Chris Senyek, chief investment strategist at Wolfe Research, rising business and consumer confidence, expanding tax cuts and deregulation of the financial industry are potential drivers for the sector.
“We continue to see financials as the biggest sectoral winner under the Trump administration,” Senyek wrote in a note Friday.
That said, in addition to the anticipation of Trump in the Oval Office, subdued subsequent inflation readings for December also boosted animalistic market sentiment, with all market sectors ending the week in the green.
Better-than-expected economic data earlier this week helped 'reinvigorate the goldilocks narrative in the stock market and likely prompted renewed risk-taking' Barclays – wrote strategist Emmanuel Cau in a note on Friday.
Typically, any change carries an increased risk. That's true of Trump 2.0 – but as the number “two” suggests, the change we've seen before may ease that uncertainty just a little.
— CNBC's Alex Harring, Hakyung Kim and Sarah Min contributed to this report.