CNBC Business News Update - Market Close: Month-Ending Rally Wipes Out November Losses For Dow and S&P 500, Electricity Prices Power Higher, Consumers Feeling The Holiday Pinch 11-28-2025

Episode Date: November 28, 2025

The latest in business, financial, and market news and how it impacts your money, reported by CNBC's Peter Schacknow. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Peter Shack now, CNBC. The month of November concluded with one of the best weeks for stocks in months, even though the month as a whole has not seen its usual rally. Today's short and trading session ended with the largest weekly gains for both the S&P 500 and NASDAQ since mid-May. The Dow jumped 289 points to close at 47,716. The S&P 500 added 36 points or half a percent, and the NASDAQ gained two-thirds of a percent, or 151. points. The month ended with a five-day win streak for stocks and wiped out the month's losses for both the Dow and S&P 500. The NASDAQ, however, posted its first November loss since 2011. One price that's most

definitely on the upswing, electricity. The cost of electricity was up about 4% this month and is expected to remain at elevated levels over the next few months. Ryan Levine, City Senior's Utilities analyst, says the rise in use of data centers for artificial intelligence is only part of the reason. Data centers have impacted some of the Northeast and Mid-Atlantic utilities due to unique regulatory mechanisms, but it's also due to overall inflation is due to some storm costs in pockets of the country like California, Louisiana, and North Carolina. And then some of the more renewable policies that impacted select states in terms of drivers of the electricity bill. More than 80% of Americans say that costs are higher this year as they start their holiday

shopping and about 40% plan to spend less as a result. That's according to the CNBC Survey Monkey's Small Business Saturday survey. 60% say their biggest spending cuts will be in gifts for others, half plan to dine out less, and spend less on entertainment and gifts for themselves. Flash Memory Product Maker Sandisk was among the day's winners, with its stock up about 4%. Sandysk is the newest member of the S&P 500. Peter Shack now, CNBC. including exclusive access to pro live events this is my first time at the stock exchange and it's been awesome go pro at cnbc.com slash pro black friday terms and restrictions apply