Traders work on the floor of the New York Stock Exchange (NYSE) in New York City.
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This report is from today’s international market newsletter CNBC Daily Open. The CNBC Daily Open provides investors with everything they need to know, no matter where they are. Is it what you see? You can subscribe here.
What you need to know today
TikTok’s clock has restarted
TikTok restores service in the US after US President-elect Donald Trump wrote on his social media app Truth Social that he would be issuing an executive order on Monday to delay banning TikTok. Then he announced. Perplexity AI has submitted a bid to TikTok’s parent company ByteDance to form a new combined entity combining Perplexity, TikTok US and a new capital partner, CNBC reported on Saturday.
First winning week for US stocks in 2025
US markets rose on Friday, ending the week at the first high of 2025. Stoxx600 index It rose by 0.69%. british FTSE100 The stock rose 1.35% to close at a record high. Mining stocks rose on the news, and the index rose. glencore reportedly considering a merger with rio tinto Although negotiations are no longer active.
TSMC confident of continuing funding even under Trump administration
Taiwan Semiconductor Manufacturing Co., Ltd. TSMC Chief Financial Officer Wendell Huang told CNBC in an exclusive interview that the company expects to continue receiving the $6.6 billion promised under the Biden administration’s CHIPS and Science Act after Trump takes office. Ta. During his campaign, President Trump criticized the chip law and accused Taiwan of stealing chip business from the United States.
Hamas and Israel exchange hostages and prisoners
The ceasefire between Israel and Hamas went into effect on Sunday. Hamas released the first group of hostages, three women, to Israel in exchange for Israel’s release of Palestinian prisoners. The process will continue in the coming weeks, with Hamas expected to release 33 of the 98 Israeli and foreign hostages as Israel returns its Palestinian prisoners.
(PRO) Trump to decide market direction
President Trump’s inauguration will take place later Monday. Investors will be interested to see what executive orders President Trump signs on his first day in office, especially those related to tariffs and corporate policy. These orders can indicate the direction of a stock’s price, not just in the short term, but over a much longer term.
conclusion
of S&P500 It soared above the shiny 6,000 mark in the wake of Trump’s election victory, but has largely erased that gain over the past few weeks and returned to pre-election levels. But as President Trump prepares to enter the White House, investors appear ready to once again play the market on his policies.
Stocks finally ended the week on a positive note, marking their first weekly increase this year. Regarding that week, S&P500 2.9% are ahead; Dow Jones Industrial Average It rose 3.7%, its best weekly performance since the week of the U.S. presidential election in November. of Nasdaq Composite It rose 2.5%, the best week since early December.
Stock prices rose after major banks reported higher-than-expected results, and banks made a major contribution to pushing up the index. shares of goldman sachs Up about 12% for the week, JP Morgan Chase It rose 8% over the same period. Overall, the financial sector rose more than 6% last week, outperforming the S&P.
Trump’s presidency could provide further momentum for bank stocks. Rising business and consumer confidence, extended tax cuts and financial industry deregulation are potential drivers for the sector, said Chris Seniek, chief investment strategist at Wolf Research.
“We continue to see the financial industry as the biggest sector winner under the Trump administration,” Seniec said in a note Friday.
However, apart from expectations that Trump will sit in the Oval Office, the slowdown in sequential inflation in December also increased the market’s animal spirits. All sectors of the market ended the week in the green.
Better-than-expected economic data earlier this week “resurrected the stock market Goldilocks story and perhaps prompted some re-risking,” it said. barclays Strategist Emmanuel Cau wrote in a note Friday.
Change usually involves increased risk. That’s true for Trump 2.0, but as the number “2” suggests, the changes we’ve seen so far may alleviate some of that uncertainty.
—CNBC’s Alex Harring, Hakyung Kim and Sarah Min contributed to this report.
