U.S. President Donald Trump speaks while World leaders listen during a summit of European and Middle Eastern leaders on Gaza on October 13, 2025 in Sharm El-Sheikh, Egypt.
This might not be Christmas, but the war in the Middle East is over — at least according to U.S. President Donald Trump.
On Monday, Trump declared at the Knesset, Israel's parliament, that the "long and painful nightmare" was finally over for both the Israelis and Palestinians. More straightforwardly, Trump gave an unequivocal "yes" when asked by reporters if the war in the Middle East has ended, Reuters reported.
A similarly hopeful mood permeated markets, though for different reasons. After hitting China with 100% additional tariffs and triggering a sell-off on Friday, Trump appeared to walk back his stance, posting on Truth Social that "it will all be fine" with China.
And thus was TACO back on traders' menus: Major U.S. stock indexes rebounded, with technology stocks leading the charge. Quantum computing names popped after JPMorgan Chase announced it will be investing $10 billion in sectors crucial to national interests.
Broadcom, meanwhile, surged almost 10% after it jointly announced a partnership with — who else? — OpenAI to build and deploy custom chips. But where this puts Nvidia , OpenAI's other near and dear one, and on whose chips the ChatGPT maker relies, remains a question.
Though Christmas has yet to arrive, OpenAI is starting to look like the tech sector's Santa Claus.
— CNBC's Holly Ellyatt contributed to this report.