CNBC Daily Open: A Trump post drowns out positive developments for markets
1. S&P 500 dipped 1.5% but later recovered amid trade tensions with China. 2. Trump's cooking oil trade threat spooked investors, holding S&P 500 down 0.2%. 3. Fed's Powell suggests potential end to tightening monetary policy, supporting market optimism. 4. Major banks exceeding earnings expectations indicate solid economic fundamentals. 5. Oracle's shift to AMD chips lessens concentration risk in AI investments.