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This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open informs investors about everything they need to know, no matter where they are. Like what you see? You can subscribe here.
What you need to know today
The clock has restarted for TikTok
TikTok said ua statement about X yes it is renewing service in the US after US President-elect Donald Trump wrote on his social media app Social truth he would “issue an executive order on Monday” for the delay banning TikTok. On Saturday, Perplexity AI submitted an offer to TikTok’s parent company ByteDance for create a new merged entity combining Perplexity, TikTok US and new capital partners, CNBC learns.
The first winning week for US stocks in 2025
US markets a rose on Friday to finish the week higher for the first time in 2025. Pan-European Stoxx 600 index rose 0.69%. of the UK FTSE 100 rose 1.35% to close at a record high. The index was lifted by mining stocks, which advanced on news that Glencore allegedly is considered a merger with Rio Tinto although the conversations are no longer active.
TSMC confident of continued funding under Trump
Taiwan Semiconductor Manufacturing Co expects to continue receiving 6.6 billion dollars were promised under the Biden administration CHIPS and the Science Act even after Trump takes office, TSMC Chief Financial Officer Wendell Huang he told CNBC in an exclusive interview. On the campaign trail, Trump criticized the CHIPS Act and accused Taiwan of stealing chip business from the US
Hamas and Israel exchange hostages and prisoners
The truce between Israel and Hamas came into force on Sunday. Hamas has released three women to Israel, its first group of hostages, in exchange for Palestinian prisoners being released by Israel. The process will continue in the coming weeks, during which Hamas will release 33 of the 98 Israeli and foreign hostages while Israel returns Palestinian prisoners.
[PRO] Trump will set the direction of the market
Trump’s inauguration will take place later on Monday. Investors will want to keep an eye on it which executive orders will Trump sign starting on day one of his presidency, especially as they relate to tariffs and corporate policy. These orders could chart the stock’s direction for much longer than just the short term.
Conclusion
The S&P 500 jumped above the shiny 6,000 level after Trump’s election victory, but has largely erased all of its gains and returned to its pre-election levels in the past few weeks. However, as Trump prepares to enter the White House, it appears that investors are once again preparing to play the market based on his agenda.
The stock finally finished the week positive, marking its first weekly gain of the year. In a week, S&P 500 advanced 2.9% and Dow Jones Industrial Average jumped 3.7%, their best weekly performance since the week of the US presidential election in November. The Nasdaq Composite added 2.5%, which is the best week since the beginning of December.
Banks were a big contributor to the index’s jump as better-than-expected earnings reports from major banks lifted their shares higher. Shares of Goldman Sachs jumped about 12% weekly and JPMorgan Chase it rose by 8% in the same period. Overall, the financial sector rallied more than 6% last week, outperforming the S&P.
Trump’s presidency could provide more momentum for bank stocks. Rising business and consumer confidence, the extension of tax cuts and deregulation of the financial industry are potential drivers for the sector, according to Chris Senyek, chief investment strategist at Wolfe Research.
“We still see Financials as the biggest sector gainer under the Trump administration,” Senyek wrote in a note on Friday.
Additionally, in addition to the anticipation of Trump sitting in the Oval Office, muted sequential inflation readings for December also boosted market sentiment: all market sectors ended the week in the red.
Better-than-expected economic data earlier this week helped “revive the Goldilocks narrative for stocks and likely fueled renewed risk-taking,” Barclays strategist Emmanuel Cau wrote in a note dated Friday.
Usually, any change involves increased risks. That’s true with Trump 2.0 — but as the number “two” suggests, the change we’ve seen before could ease a little of that uncertainty.
— CNBC’s Alex Harring, Hakyung Kim and Sarah Min contributed to this report.
