CNBC Daily Open: Make way for the bull market?

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

All-time high
The S&P 500 closed at an all-time high on Friday, rising 1.23% to close at 4,839.81, setting fresh record intraday and closing highs from January 2022. The Dow Jones Industrial Average, which set its own record at the end of last year, added 395.19 points, or 1.05%, to end at 37,863.80. The Nasdaq Composite advanced 1.70% to 15,310.97.

Macro triggers
The U.S. will be releasing two big economic reports this week which could give fresh clues to which way the Federal Reserve could move. On Thursday, the Commerce Department will be releasing its initial estimate of fourth quarter gross domestic product, and on Friday, the December reading of the personal consumption expenditures price index — the Fed's favored inflation gauge. 

DeSantis out
Florida Gov. Ron DeSantis dropped out of the 2024 presidential race two days before the Republican New Hampshire primary — endorsing front-runner Donald Trump, just as other candidates did after they cut their campaigns.

Dispirited travel
A federal judge's order blocking a $3.8 billion-dollar deal that would have JetBlue Airways purchase rival Spirit Airlines leaves Spirit with an uncertain future — hitting budget travelers and the Arnold Palmer Regional Airport, an hour outside Pittsburgh, hard.

[PRO] Earnings season
Tesla, Netflix, Intel and Alaska Air are among nearly 70 S&P 500 companies that are scheduled to report earnings this week. Just 69% of the roughly 52 S&P 500 companies that have reported, according to FactSet, have surpassed expectations.

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