From post-election rallies to pre-election levels | Real Time Headlines

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.

Markets end the week lower
US market Friday’s plunge and ended the week lower. this S&P 500 Index Down 1.32% Dow Jones Industrial Average down 0.7%, Nasdaq Index down 2.24%. European Stoke 600 fell 0.77%, its Fourth consecutive week of losses. In addition, the British economy Growth in the third quarter was 0.1%lower than the 0.2% expected by economists.

Caught in crossfire
China may be a target of US President-elect Donald Trump’s hawkish trade policies, but U.S. companies could suffer losses in crossfire. If Trump does impose tariffs on China, the Chinese government may retaliate by imposing tariffs, diversifying imports away from the United States, and increasing scrutiny of U.S. companies operating in China.

Biden and Xi Jinping’s last official meeting
U.S. President Joe Biden met with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit on Saturday. Biden reflects on his decades-long relationship with Xi Jinping while Xi Jinping seems more concerned about Trump’s presidencyChina is willing to maintain communication, expand cooperation, and manage differences with the new U.S. administration.

Supreme and infinite
Shares of pure-play space companies have soared over the past week. For example, stocks rocket labShares of an aerospace manufacturer rose 41% on a weekly basis. Although this was triggered by positive news from company profit reportanalysts said “Trump-Elon trade Also behind the gravity-defying moves in space stocks.

(PRO) Nvidia sets the tone for the week
It’s been a wild few weeks for markets as investors digested the results of the U.S. presidential election, rate cuts from the Federal Reserve, inflation data and hawkish comments from Fed Chairman Powell. This week, all eyes will be on one key event: Nvidia’s profitscomes out Wednesday.

Last Monday, the S&P closed above 6,000 points, and the Dow closed above 44,000 points for the first time that day. The so-called “Trump trade“Bank stocks, small-cap stocks and energy stocks, for example, are behind much of the index’s gains.

However, anyone who’s ever eaten too much at a party knows that at some point, satisfaction turns to satiety, to overstuffing.

It was just the beginning of the week, but little did we know we were already off the peak.

At Friday’s close, the S&P was down 2.1% for the week and the Dow was down 1.2% for the week, both ending the week below their milestone levels. The Nasdaq fell 3.2% on the week.

Plunging pharmaceutical stocks dragged the S&P and Dow Jones indexes lower. The incident was triggered by Trump’s announcement of plans to nominate Robert F. Kennedy Jr., who has expressed unorthodox beliefs on health issues, to lead the U.S. Department of Health and Human Services.

This illustrates how skillfully investors must navigate Trump’s policies, which often appear to be double-edged swords.

For example, Trump’s proposed tariffs and tax cuts would boost small stocks and expand corporate profits, but they could also keep inflation rising and interest rates high — which is Worries weigh on markets last week.

“In the short term, we expect some minor moves, especially with potential policy shifts under the new administration,” said Kristy Akullian, head of Americas investment strategy at iShares. BlackRock.

Still, Akulian added that BlackRock does “expect U.S. stocks to continue higher, but not in a straight line.”

After eating comes digestion, then hunger. The process begins again.

—CNBC’s Jeff Cox, Brian Evans and Alex Harring contributed to this report.