CNBC Daily Open: Wall Street set for a winning week

• The S&P 500 is set to close in positive territory for the week despite earlier bond market jitters that pressured equities on Monday
• Luxury conglomerate Richemont reported strong full-year sales and announced a new buyback program as Europe's earnings season concludes
• China's 'Big Three' airlines face challenges from elevated jet fuel costs amid ongoing supply chain disruptions affecting the travel sector

Summary: Wall Street Set for Winning Week Despite Volatility

Market Performance:

Wall Street is poised to close the week in positive territory after a volatile start driven by bond market concerns. The Dow Jones Industrial Average reached a record close Thursday, with the S&P 500 expected to finish the week in the green. This marks a sharp reversal from Monday's downturn when equity markets declined amid rising borrowing costs.

Key Developments:

Geopolitical Focus: Markets remained volatile as investors monitored diplomatic efforts for a U.S.-Iran peace deal. Hopes for a Middle East conflict resolution supported the rally, though tensions remain elevated according to Reuters reports.

Technology Sector: President Trump postponed signing an anticipated AI industry executive order, citing dissatisfaction with "certain aspects" of the policy. The event was originally scheduled for Thursday afternoon.

Corporate News:

• Richemont (luxury brands including Cartier and Chloé) reported strong full-year sales and announced a new share buyback program, closing out Europe's earnings season.
• Estée Lauder shares were set for significant gains after terminating merger discussions with Spanish beauty group Puig. The combined entity would have been valued at nearly $40 billion.
• China's "Big Three" airlines (Air China, China Eastern, China Southern) faced challenges from higher jet fuel costs and supply chain disruptions affecting travel stocks.

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