CNBC Business News Update - Market Close: Stocks End Lower, Profit Taking Continues, Lululemon Proxy Fight

Episode Date: December 29, 2025

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored by CNBC's Jill Schneider. 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 Jill Schneider, CNBC. Wall Street kicked off the last Monday of 2025 in the red as investors took profits from tech stocks after some record highs last week. The Dow ended the day, lower by 249 points, about half a percent. The S&P 500 dropped 24 points, about a third of a percent, and the NASDAQ lost 118 points, also about a half a percent. Digital Bridge, the private equity firm that invests in data centers, and other assets added nearly 10%. Japan's soft bank announced Monday that it has entered into an agreement

to acquire digital bridge for $4 billion. Invidia slipped more than 2%. Shares gave back some of their gains from last week after Nvidia bought AI-chip startup GROC's assets for about $20 billion in its biggest deal on record. The stock posted a 5.3% gain last week. Wisdom tree chief economist Jeremy Siegel says his outlook for 2026 is positive,

but says there are a few hurdles we need to get through first. Most notably, another potential government shutdown, the Supreme Court's decision on President Trump's tariffs, and the decision of who will be named Chairman of the Federal Reserve. These are very important issues to get through, you know, in addition to what is GDP and what our earnings and what are margins. And we might all get those in January. So it might, you know, certainly one of them, the shutdown has to be either solved or extended in that. month and the other two look like they're likely to be announced. So we need to get through some bumps, as I say, but if we can get through those successfully, it still looks like a positive year for

me. Among the biggest movers, ultrigenics pharmaceutical shares cratered more than 40% after the company announced its bone disease drug fell short of expectations in two trials. Energy company saw their shares rise as oil prices climbed more than 2%. Investors considered the prospect of peace talks in Ukraine along the possibility of supply disruption in the Middle East. Shares of Diamondback Energy and Devon Energy popped nearly 2%. General Motors is on pace to be the top U.S. traded automaker stock of 2025 as shares of the Detroit automaker are having their best year since the company's reemergence from bankruptcy in 2009. GM stock up more than 55 percent year to date. Jill Schneider, CNBC.

Honestly.