CNBC Business News Update - Market Close: Stocks Lower, Dow Swings More Than 1000 Points, Bitcoin Falls Toward $87,000 11/20/25

Episode Date: November 20, 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 a wild Thursday for the major averages soaring then plunging. The Dow gave up a 700-point gain. Invidia shares fizzled and hopes for an interest rate cut by the Fed next month have dimmed. The Dow finished the day down 386 points, eight-tenths of a percent lower. It was led lower by shares of Cisco, which were down almost four percent. The S&P 500 index down 103 points. That was 1.5%. The NASDAQ plunging 486 points, more than 2%. Shears of NVIDIA down just about 3% on Thursday.

It was the biggest market reversal since last April. Look, we all know there's been a lot of talk about an AI bubble, and this can be somewhat self-fulfilling. But I'm not convinced that this is a bubble that's about to burst. I think it's a bubble that's losing some air. So maybe it won't burst because we're seeing enough people anxious about the situation that it'll take some of the air out of this bubble. Yardini researches Ed Yardini on CNBC.

Here's Payne Capitals Courtney Garcia. Bitcoin being down is very correlated with the overall markets being down. That is part of your risk on trade. And also you had some fed speak today where they were coming out and saying they see downside risk to the markets as well. I think you just had a combination of those things and people are just taking their profits. And crypto with a dramatic fall Thursday. One investor says it's all about that with Bitcoin dropping toward 87,000.

Look, it's frustrating to have to come on air and share what is actually right now unfolding. And it really relates to cryptocurrencies, the continued decline that we're seeing there. Ethereum, Bitcoin, they both rolled over in the middle of the day, took the market down, the equities market down with the crypto market. That's Vertis Investments Joe Taranova on CNBC. The September jobs report delayed in the government shutdown came in with the U.S. adding a better than expected 119,000 jobs, but the unemployment rate did go up to 4.4%. Walmart reported strong quarterly results, kind of lost in the sauce with the market swings.

It has been attracting consumers looking for value across all income levels. The retailer is upping. year forecast for sales and earnings for the second time. Now expecting revenues to grow between 4.8 and 5.1 percent. Now, U.S. comparable store sales grew 4 and a half percent. That's bettering analyst's 4 percent estimate. Also, the 45th straight quarter of growth. That's CNBC's Courtney Reagan. McDonald's offering a Grinch meal for the holidays starting December 2nd with dill pickle Grinch Salt McShaker fries. Little dill pickle seasoning on the side, you can shake onto the if you want.

On Friday's watch list, the Thanksgiving travel period begins. We get earnings from BJ's wholesale. We get the latest on consumer sentiment. The Formula One, Las Vegas Grand Prix festivities begin ahead of Saturday night's race. One week to Black Friday and new in theaters, searchlights, rental family, and Universal's Wicked for Good. Universal's a sister company to CNBC. Jessica Eddinger, CNBC. Join the club with Jim's best deal of the year at CNBC.com slash Club Black Friday.

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