CNBC Business News Update - Market Close: Stocks Higher, Investors Hoping For A December Interest Rate Cut, Consumer Confidence Tanks 11/25/25

Episode Date: November 25, 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 and reported by CNBC's Jessica Ettinger. 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 Jessica Eddinger, CNBC. Wall Street opens Wednesday morning after a rally for stocks on Tuesday. Investors are hoping for a December interest rate cut by the Fed. The Dow was up 664 points, almost 1.5%. Shares of drug maker Merck let it higher. They were up 5%. The S&P 500 index added 60 points, almost 1%. The NASDAQ was up 153 points. That was a little more than a half a percent. Shares of Nvidia were in the red down by about 2.5%. Companies who shares at fresh all-time highs Tuesday include Apple, Google Parent Alphabet, General Motors, Ross Dress for Less, T.J. Max and Marshall's parent T.J.X. Companies. Ralph Lauren and Drugmaker Eli Lilly. A full day of trading on Wednesday. The financial markets closed Thursday for Thanksgiving, but a half day of trading on Black Friday. November will be in the books by 1 p.m. Eastern. Friday. Consumer confidence in November hit its lowest since last April when President Trump announced the tariffs. We're expecting a number right around 93. Big miss here. 88.7, the weakest since April. On the present situation, 126.9, another miss. The weakest since March of 21. CNBC's Rick Santelli. Homeowners are deciding not to sell. They're pulling their homes off the market at the fast.

is pace in nearly a decade. Now we're heading into the super slow season for housing and seeing new reports that more sellers are delisting their properties. Redfin just reported nearly 85,000 U.S. sellers took their homes off the market in September of 28% from the year before and the highest level for that month in eight years. I have to believe that consumer sentiment was playing into that de-listing. CNBC's Diana Oleg.

The Toronto Maple Leafs are the most valuable team in the NHM. in the new CNBC team valuation analysis at $4.3 billion. Number two, the New York Rangers at $3.8 billion. And the NHL Commissioner Gary Bettman says, nah, the league's teams are worth way more. We're undervalued by CNBC. This is as much art as it is science. If you were to put the Toronto Maple Leafs on the market on their own,

they would sell for far more than the... $4.3 billion valuation, but it's okay because if you look at it, we're up 100% roughly over the last three years. Superman number one. It's a copy of the first Superman comic book found by three brothers cleaning out their late mother's attic. It went for more than $9 million at auction in Texas the highest price ever paid for a comic book. On Wednesday's watch list, we get the latest on U.S. economic growth. Durable goods orders for September will be out. These are things made to last a long time,

like washing machines and airplanes. We'll get newly built home sales numbers for October, and the final season of Stranger Things launches on Netflix. Jessica Eddinger, CNBC. Join the club with Jim's best deal of the year at CNBC.com slash Club Black Friday. Terms and restrictions apply.