CNBC Business News Update - Market Close: Stocks Higher, No Trading On Thanksgiving, Markets Open Friday Until 1pm ET 11/26/25

Episode Date: November 26, 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 Friday morning after the Thanksgiving Day holiday for a half day of trading. Coming off a winning Wednesday, before the holiday, the Dow was up 314 points. A half percent. Boeing shares led it higher up two and a half percent. The S&P 500 index was up 46 points, a half percent. The NASDAQ up 189 points, eight-tenths of one percent. So far for the month, major averages on pace for a winning week, but a losing month. By 1 p.m. Eastern Friday, November numbers will be in the book. Companies who shares hit fresh all-time highs on Wednesday include General Motors, Hilton, Ralph Lauren, Monster Beverage, Drugmaker, Eli, Lilly, plus retailers Ross, Dress for Less, Walmart, and T.J. Max and Marshall's parent, T.J.X. Companies. Some investors are happy that people are buying shares of,

non-AI and tech companies finally. We are seeing rotation, and you told me we would get this hit in the technology sector like we did with for the Mac 7 underperforming the S&P 500, yet we are still at these levels. That's reason to be optimistic in my mind. That'll be a good setup once we get through the end of this year to kick off 2026. Freedom Capitals, Jay Woods on CNBC. If you thought shopping on Black Friday really isn't much anymore, oh, it's still a thing. Even with the rise in online shopping, Black Friday still matters. It's forecast to be the biggest in-store shopping day of the year,

according to traffic counting firms in Cormatic and Retail Next, even if it's not as big as it once was. Adobe forecast U.S. e-commerce sales will grow 8.3% on Black Friday from last Black Friday. And while Salesforce says Black Friday surpassed Cyber Monday and sales last year and will again this year. So some debate, but it's still big. CNBC's Courtney Reagan. Retailers do want your holiday shopping dollars, but investors know there are going to be winners and losers.

Here's Oppenheimer's Brian Nagel on CNBC. Within my coverage, I really think Dick's sporting goods is best positioned here. And, you know, look, a derivative call on that is Nike. You know, I think one of the reasons that, you know, Dix has been performing so well is that they are, you know, starting to see the benefits of a reinvigorated Nike brand. But if you shift over to, like, say, the home furnishing space, You know, there you still have the weaker housing backdrop.

In some cases, it's bigger ticket, so it's relied upon financing. There we're seeing softer trends and things tied to housing. Moody's chief economist Mark Zandi says the country's dealing with an affordability crisis, and it didn't have to be that way, and it still can be fixed. Coming into the year, inflation was decelerating, job growth was strong. It felt like we were going in the right direction. You know, if there had been no change in policy at the beginning of the year, look like inflation was going to be back to the Federal Reserve's target, you know, something

that we all feel reasonably comfortable with by now, you know, by the end of the year. If we want to get back on track, I'd say follow through on cutting back on the terrorists and rethinking immigration policy and how we can get some reforms there. That's, I think, the quickest way to restore some semblance of affordability, getting inflation back to something we feel comfortable with and getting growth back into a gear that we feel good about. Thursday's watch list, the markets are closed, but back at it again on Friday for a half-day of trading. Americans jumping on their laptops on the holiday to start early Black Friday shopping. The NFL on Thursday cornered the live sports viewing audience with three Thanksgiving Day games,

each with halftime shows. And thank you for listening to CNBC. I'm Jessica Eddinger. Join the club with Jim's best deal of the year at CNBC.com slash Club Black Friday. Terms and restrictions apply. Thank you.