CNBC Business News Update - Market Close: Stocks Rally On Potential End Of Shutdown, Consumers Set For Holiday Cheer, Boeing Offers New Contract To Striking Workers 11/10/2025

Episode Date: November 10, 2025

The latest in business, financial, and market news and how it impacts your money, reported by CNBC's Peter Schacknow 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 Peter Shacknow, CNBC. The potential end of the government shutdown sparked a stock market rally with investors apparently putting worries over frothy valuations behind them, at least for now. The Dow rose 382 points to close at 47,369. The S&P 500 jumped 1.5% or 104 points, and the NASDAQ rallied 523 points or 2.3%. The gain for the NASDAQ was its biggest since the end of May. Ed Yardinney, President of Yardinney Research, likes the fact that there's still some worry baked into investor psychology. It looks like we cleaned out some of the bulls last week. But I think this is kind of a buy-in-the-dip market, particularly in AI. There's a lot of nervousness about AI, but that's a good thing.

In the late 1990s, nobody saw the tech wreck really coming. Nobody was really worried about a bubble in the market that I can recall. Not the way it is today where everybody seems to be worrying. about it. Worries over the shutdown and other economic woes have apparently not dampened the holiday cheer of consumers. The National Retail Federation is predicting the first ever trillion dollar holiday spending season, forecasting an increase over last year of up to 4.2%. Boeing has offered a revised contract proposal to workers at its St. Louis area plants who have been on strike for more than three months. The new offer includes a higher contract

ratification bonus, among other revisions. Shares of Tyson Foods rose more than 2% today after a better than expected revenue forecast. Weakness in Tyson's beef business is being more than offset by strong demand for chicken products. Peter Shack now, CNBC. Start streaming. Go to CNBC.com slash plus.