CNBC Business News Update - Market Close: Stocks Higher, Eli Lilly Becomes First $1 Trillion Health Care Company, Consumer Sentiment Near All Time Low 11/21/25

Episode Date: November 21, 2025

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I'm Jessica Eddinger, CNBC. Wall Street opens Monday morning after what they call a flush. The markets had suffered a down week, although dip buyers jumped in on Friday to buy stocks, especially health care names. The Dow was up 493 points Friday. 1%. Home Depot shares let it higher. They were up 3%. The S&P 500 index gained 64 points, 1%. The NASDAQ up 195 points on Friday. about 9 tenths of a percent. InVIDIA shares were up and down on Friday, ending the day down just about 1%. After the 5-ish percent pullback in the S&P 500 index over the past couple of weeks, investors said that was enough, and they did go shopping on Friday.

The market was taking out some froth that maybe should have never been there in the first place. Along the way, it did also take money out of cyclicals that if the Fed is a bit more lenient, if there's any weakening, actually could set up for a really nice 2006. That's Vantage Rocks Avery Sheffield on CNBC. She mentions the Fed, and investors liked that the president of the New York Fed, John Williams, said there is room for an interest rate cut at the Fed's next meeting in December. The federal governments canceled inflation data for October. The November data, the CPI Consumer Price Index, is now scheduled to come out after the Fed meeting,

which means the people on the FOMC will be blind in making a decision on rates on December 10th. Bitcoin was down to around 84,000 Friday afternoon after touching 80,000, losing about a third of its value just this month. More than $2 billion in leverage crypto bets were wiped out in the past 24 hours, and the big institutional buyers, at least so far, have not been stepping in. And this isn't just a knock-on effect from macro headwinds and concerns that we won't get a Fed rate cut next month. The sell-off actually traces back to a flash crash in early October on U.S.-China trade tensions. CNBC's Mackenzie Cagallos, American consumers are feeling pretty rotten in the new University of Michigan data. Not necessarily good news here. These are University of Michigan November final reads and close to the all-time low, which was 50, and this comes in at,

51.0, so still quite weak in the grand scheme of history. Now, if you look at current, that moved down from 52.3 to 51.1. And that is a new low. That's CNBC's Rick Santelli. Drug maker, Eli, Lily, famous for Manjaro and Zepbound, the diabetes and weight loss blockbusters. Lily hit a market value of $1 trillion on Friday, the first health care company to achieve that. Could be a record-breaking weekend at the box office with Universal's Wicked for Good, already breaking ticket pre-sale records. Universal's a sister company to CNBC. The Thanksgiving travel period is starting, including the flying frenzy after the government shutdown. On Monday's watch list, earnings are coming from Agilent and Zoom.

Congress takes a break for Thanksgiving recess. The Sachs Fifth Avenue, New York City flagship store unveils its annual holiday windows. And Monday is the fifth anniversary of the Dow topping 30,000 for the first time. On Friday, the Dow closed above 46,000. Jessica Eddinger, CNBC. Join the club with Jim's best deal of the year at CNBC.com slash club like Friday. Terms and restrictions apply.