CNBC Business News Update - Market Midday: Stocks Lower, Markets Follow Crypto Currencies Lower, Home Prices March Higher 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, a big reversal on Wall Street from Rally to fade this afternoon, stocks at session lows in midday trading. This, after big pop on strong results from Infidia, but then there was the drop. The Dow, which had been up 600 points, is down 141. That's a third of a percent, being led lower by shares of Boeing, which are down almost 3%. The S&P 500 index down 31. That's a half percent. The NASDAQ falling 147 points more than a half percent. Shares of Nvidia, which were up 5 percent on strong quarterly results in pre-market trading this morning.

They're down 1 percent now. One investor says it's all about crypto. Bitcoin sitting around 87,000 this afternoon. 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 Verdes Investments, Joe Teranova 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.

The unemployment rate did go up to 4.4%. CNBC Senior Economics reporter Steve Leesman takes a look at where the jobs were added in September. Private sector did well up 97,000, but a big chunk of that was health care up 57,000. Another chunk of that. We've been here before. Lise and hospitality up 47,000. Construction did do well, 19,000 of manufacturing was down 6,000. Walmart with strong quarterly results, it's been attracting anybody looking for value. consumers across all income levels. The retailer is

upping its full year forecast for sales and earnings for the second time. Now expecting revenues to grow up between 4.8 and 5.1%. Now U.S. comparable store sales grew 4 and half percent. That's bettering analyst's 4% estimate. Also, the 45th straight quarter

of growth. That's CNBC's Courtney Reagan. Existing home sales rose in October and prices were higher. There were fewer homes on the market. But sellers had to watch their homes sit unsold for the longest time since 2019. Homes are staying on the market longer and averaged 34 days up from 29 last year. That's the longest in six years.

Prices are still stronger. $415,200. That was the median price of a home sold in October up 2.1% from a year ago and the 28th consecutive month of annual gains. CNBC's Diana Oleg. Verizon cutting 13,000 jobs in a restructuring. companies preparing for employees to be out as early data show. A harsh flu season ahead. The New York Times says the virus circulating right now is spreading faster and earlier than usual.

No powerball winner last night. So Saturday night's jackpot is now well more than a half billion dollars at $629 million. Jessica Eddinger, CNBC. Join the club with Jim's best deal of the year at CNBC.com slash club like Friday. Terms and Restrictions apply.