Markets are preparing for Trump 2.0.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City.
Spencer Platt | Getty Images
This report is from today’s CNBC Daily Open from Global Markets. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Did you see it? You can register over here.
What you need to know today
Time for TikTok has been relaunched.
TikTok by A Description by X US President-elect Donald Trump is bringing the service back to the US after he wrote on his social media app. Social truth “An executive order will be issued on Monday” to delay the ban on TikTok. On Saturday, Perplexity AI submitted a bid to Tiki’s parent company ByteDance to create a new combined entity combining Perplexity, Tiki US and new capital partners, CNBC has learned.
First winning week for US stocks in 2025
Markets in the U.S. rose Friday for the first weekly high in 2025. Pan-European Stoxx 600 index It rose 0.69 percent. UK FTSE 100 It rose 1.35 percent to close higher. The index was lifted by mining stocks, which rose on the news Glencore It is reported It is considered as a merger with Rio Tinto Although conversations are no longer active.
TSMC is confident that funding will continue under Trump.
Taiwan Semiconductor Manufacturing Company It is expected to continue to receive the $6.6 billion promised by the Biden administration CHIPS and science law Even after Trump took office, TSMC Chief Financial Officer Wendell Huang told CNBC in an exclusive interview. On the campaign trail, Trump criticized the CHIPS Act, accusing Taiwan of stealing the chip business from the US.
Hamas and Israel exchanged hostages and prisoners
A ceasefire between Israel and Hamas went into effect on Sunday. Hamas released three women to Israel in exchange for the release of Palestinian prisoners in Israel. The process will continue in the coming weeks, during which Israel will return Palestinian prisoners, and Hamas will reportedly release 33 of the 98 Israeli and foreign hostages.
(PRO) Trump to determine the direction of the market
Trump’s inauguration will take place later Monday. Investors will want to keep an eye on what executive orders Trump signs from day one of his presidency, particularly related to tariffs and corporate policies. Those orders can set the direction of stocks, not just in the near term.
Bottom line
of S&P 500 It soared above 6,000 in the wake of Trump’s election win, but has since erased all of its gains and returned to pre-election levels in recent weeks. As Trump prepares to enter the White House, however, investors seem to be getting ready to play the markets based on his agenda once again.
Stocks finally ended the week on a positive note, posting their first weekly gain of the year. For the week, S&P 500 Advanced 2.9% and the Dow Jones Industrial Average It has risen 3.7% since the week of the US presidential election in November, its best weekly performance. of Nasdaq Composite Added 2.5%, its best week since early December.
Banks contributed to the rally in the index as better-than-expected earnings reports from big banks sent their stocks higher. Shares of Goldman Sachs During the week and appeared around 12% JPMorgan Chase At the same time, it rose 8%. In general, the financial sector increased by more than 6% last week, outperforming the S&P.
A Trump presidency could give bank stocks more forward momentum. Rising business and consumer confidence, the extension of tax cuts and deregulation of the financial industry are drivers of the sector, said Chris Senek, chief investment strategist at Wolff Research.
“We continue to view financials as the biggest sector winner under the Trump administration,” Senek said in a note on Friday.
That said, aside from the time Trump is sitting in the Oval Office, inflation readings for December have been muted and bearish on markets: All market sectors ended the week in the green.
Earlier this week, better-than-expected economic data helped “revive the gold lox narrative for equities and perhaps some re-risk.” Barclay Strategist Emmanuel Kaw wrote in a note Friday.
Normally, any change involves additional risks. It’s true of Trump 2.0 — but the change we’ve seen before, as the number “two” suggests, may reduce uncertainty a bit.
— CNBC’s Alex Haring, Hakyung Kim and Sarah Min contributed to this report.
