CNBC Business News Update - Market Close: Stocks Lower, Tech Shares Slump Again, Nvidia Shares Fall Ahead Of Earnings, Facebook Parent Meta Wins FTC Antitrust Trial 11/18/25

Episode Date: November 18, 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 another sell-off for stocks on Tuesday. The Dow fell almost 500 points down 1% led lower by shares of Home Depot, which tanked 6%. The S&P 500 index was down 55 points, 8 tenths of a percent. The NASDAQ down 275 points, 1 and a quarter percent. The Dow has lost more than 2,000 points over its 4.5. day losing streak. This has evolved into a correction, which is what I believe it is. This is a correction. It will come to an end probably pretty soon. Serity partners Jim Labenthal on CNBC. Invidia shares down almost 3% Tuesday ahead of its earnings coming after the closing bell on Wednesday afternoon. Bitcoin actually bounced higher by Tuesday afternoon by about 1%.

But Bitcoin is still lower for the year, even after investors cheered President Trump in the White House as the Bitcoin president. Facebook parent meta won its antitrust trial against the federal trade commission. The FTC had claimed meta bought Instagram and then bought WhatsApp to prevent competition and to hold a monopoly in social media. Home Depot missed earnings estimates for three quarters in a row now blaming in part the lack of hurricanes hitting the U.S. as part of the reason for disappointing quarterly results. The chain cut its earnings outlook as home improvement demand falls. storms, think hurricanes, puts pressure on categories like roofing, plywood, and generators. When you have people that have to repair roofs and rebuild homes and structures, it is a really

big deal to the country's largest home improvement retailers. And ongoing consumer uncertainty and continued pressure in housing are disproportionately impacting home improvement demand. CNBC's Courtney Reagan. Home builders, meantime, feeling negative about the real estate market and their business in the latest survey from the National Association of Home Builders. Now, the builders cite market uncertainty exacerbated by the government shutdown, along with economic uncertainty stemming from tariffs and rising construction costs. Future sales expectations fell three points. Builders say buyers are still worried about job security and inflation. They also note more builders using incentives to get deals closed, including

lowering prices. Forty-one percent of builders reporting cutting prices in November. That is a record high post-COVID, and the first time this measure has passed 40%. At CNBC's Diana Olik, the average rate on a 30-year home loan, 6.38%. According to Mortgage News Daily, on Wednesday's watch list, earnings are coming from a biggie NVIDIA, plus we hear from more retailers, Target, lows, and T.J. Max and Marshall's parent, TJX companies. On Wednesday afternoon, we get the minutes from the last Fed meeting. investors will comb through those for hints on the direction of interest rates. The Country Music Awards are on Wednesday night,

and Wednesday night's powerball jackpot has hit $593 million, well, more than a half billion. Jessica Ettinger, CNBC. Join the club with Jim's best deal of the year at CNBC.com slash club Black Friday. Terms and restrictions apply.