CNBC Business News Update - Market Close: Stocks End Lower, Walmart Rare Winner, Broadcom Sinks

Episode Date: December 12, 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. Stocks pulled back on Friday as investors continue to exit technology stocks and move into value areas of the market. The Dow sank nearly 246 points, about half a percent, but did manage to finish the week with a 1% gain. That's the third weekly gain in a row for the Dow. The S&P 500 dropped 73 points. The NASDAQ tumbled 398 points, a loss of more than 1.5%.

The broad market index and tech-heavy NASDAQ were bogged down by an 11% drop in Broadcom, despite the fact that the company posted better than expected fourth quarter results. Mizuho Senior Semiconductor analyst Vijay Rakish is still bullish on the stock. He has a buy rating on Broadcom and he's boosting his price target on shares. This is a stock that's growing their AI revenues, 125% into next year, 1026. And they are also growing earnings 45% plus year on year. So this is still where the growth is. They are still the big suppliers to Google on their entire hardware stack, to meta, to anthropic, and even open the eye coming down the road.

In this type of market, Raymond James Matt Orton says it's important to remember a key word, balance. While you're seeing some profit taking in tech, they are still the lion's share of earnings growth for this market. You still need to lean into the AI trade, but you can finally start to find success in areas. say health care, areas like energy. Even financials is a key overweight, I think, heading into next year in regional banks in particular, which gets you down market cap. One winner on Wall Street today was Walmart. The stock ended more than a percent higher, but it was trading at all-time high levels back to when it first began trading on the New York Stock Exchange in 1972. The week ahead is stacked with a lot of economic data that could drive the market in the last few weeks

of trading. Reports that have been delayed because of the government shut down. November non-farm payrolls originally scheduled for release at the start of the month is instead due out on Tuesday as are October retail sales, followed by the November Consumer Price Index due out on Thursday. Wall Street is expecting the data will confirm what investors have already suspected in recent months. Weaker jobs growth in a so-called no-hire, no-fire environment and sticky inflation that still has a ways to go to reach the Federal Reserve's 2% target, both pointing to a sluggish economy. Jill Schneider, CNBC. Week nights. Let's just own not trade Apple and Nvidia and get on the real economy stocks

until the end of the year, barring something crazy coming out of the White House. Bad money, weeknight six Eastern, and streaming on CNBC Plus.