CNBC Daily Open: Dow breaks losing streak

The Dow Jones Industrial Average rose Thursday after falling for three straight days. The other main indexes also ended higher. Wall Street’s indexes were boosted by a rise in shares of Apple after Bank of America upgraded the company to a buy rating. European shares closed higher as well.

Disney new activist target:

Activist investor has his eyes set on Disney. Plans are underway to launch a proxy fight to gain seats on Disney’s board.

India makes ripples at Davos:

India is turning up the charm and courting investors at the World Economic Forum in Davos, Switzerland. The country showcased its growth story, digital infrastructure, and burgeoning startup ecosystem. Big Indian technology firms at the forum also showcased their use of artificial intelligence.

Bitcoin at $40,000:

Bitcoin hit the $40,000 level amid a broad sell-off in cryptocurrencies. Analysts labeled the drop as “the correction post-ETF launch” as investors cash in.

For next week’s earnings:

With earnings season on Wall Street in full swing, analysts boosted their estimates for companies leading up to their quarterly reports. Tech stocks are a standout sector for the S&P 500. Still, overall S&P 500 earnings are expected to drop 6% in the fourth quarter.

The bottom line:

The week is wrapping up on a brighter note as U.S. markets snap losing streaks, while across the Atlantic headlines from Davos grab attention.

The Dow Jones Industrial Average closed higher, ending three straight days of declines, while the tech-heavy Nasdaq Composite jumped. The benchmark S&P 500 ended higher and about away from its closing record.

Wall Street was boosted by Apple after Bank of America upgraded the stock. Semiconductors gained after a chipmaker posted better than expected fourth-quarter results.

At Davos, India grabbed attention as the country showcased its growing economic strength.

The subject of Donald Trump also gained traction at Davos. The emerging theme was that top U.S. executives had no problem with the idea of Trump returning for a second term, while foreign chief executives feared such a scenario. Those worries mostly stemmed from Trump’s hardline policies.