CNBC Business News Update - Market Close: Stocks Mixed, The S&P 500 Index And The Nasdaq Each Close At Record Highs, Investors Shake Off War Worries

Episode Date: April 15, 2026

CNBC Business News Update with Jessica Ettinger - market numbers and news featuring CNBC expert analysis and sound from top business names. Visit https://www.cnbc.com/ for more. 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, CNDC. Wall Street opens Thursday morning after a record-setting Wednesday on Wall Street. Investors shaking off the war and elevated oil prices. The ceasefire with Iran is holding new peace talks could happen as early as the weekend. Both the S&P 500 index and the NASDAQ closed at fresh record highs. The Dow was in the red, down 72 points Wednesday, led lower by shares of Caterpillar, which fell 3%. The S&P 500 index, though, was up for. 55 points, closing at 7,022 for the first time. And the NASDAQ was up 376 points. That was 1.5%. It closed at 24,016. Shares of Nvidia on Wednesday were up 1.2%. The NASDAQ, by the way, notched its 11th winning session in a row. That's its longest winning streak in more than four years. Companies who shares hit fresh all-time highs on Wednesday include Morgan Stanley, on strong quarterly results and all state insurance. CNBC's Mike Santoli on that record high close for the S&P 500 index. It's not really been responsive to news. It's been responsive to positioning dynamics.

You have to respect the 10-11% gain in 10 days as being just not a fluke. That being said, you know, Dow's 1,600 points off its highs. Banks have done fine in response to their earnings, but they haven't exactly raced ahead. And I guess we have to ask the question if now the market is, setting itself up to be vulnerable to some kind of downside surprise when it comes to oil or Iran or earnings. The Walt Disney company has started cutting the thousand jobs it announced earlier this year with posts on the layoff.com mentioning TV marketing is one area where cuts are happening.

Snapchat parent snap cutting a thousand people as well as it seeks to improve profitability. Bank of America out with strong quarterly results. It's a major consumer bank in the U.S. And while people were carrying higher credit card balances in the first quarter, fewer customers were delinquent on making their credit card payments. The consumer delinquencies of all types were down year over year. And there's a seasonality. Most of our credit quality discussion is driven by the credit card business, which grows in the fourth quarter, and then you have a dynamic that it comes down. But if you look at first quarter last year to first quarter this year, loan balances grew 3%.

Chargeoffs were down. Delinquencies are down 5 and 30 and other delinquents. so the consumer credit quality our portfolio is actually improving. B of A CEO Brian Moynihan on CNBC. Home Builders pretty down about their business. The National Association of Home Builders Sentiment Index hit a seven-month low. Anything under 50 is negative. We're expecting a number around 37.

It comes in weaker at 34. Yes, we're lower and we're lower than what we were last month. And what's notable here is that this is the weakest sentiment going back to CEP of 25 when it was 32. It hasn't been above 40 since Feb of 25. That's CNBC's Rick Santelli. Walmart did a little research and it found its great value products aren't really something you want to show off in your kitchen. So it's refreshing the brand. It will look different with more colorful and modern packaging. On Thursday's watch list, we get earnings from a biggie Netflix, plus Travelers Abbott Labs, Charles Schwab, and PepsiCo.

We find out how many people applied for unemployment benefits last week. The NHL regular season wraps up on Thursday with the Stanley Cup playoffs starting this weekend. And the season two finale for The Pit will air Thursday night. Jessica Eddinger, CNBC. CNBC Live ambitiously.