CNBC Business News Update - Market Open: Stocks Mixed, Intel Shares Soar Up 20%, US Soldier Arrested For Polymarket Bets 4/24/26

Episode Date: April 24, 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, CNBC. Stocks are mixed out of the gate on Wall Street. Investors closely watching the next move in the U.S. war with Iran. As Iran's foreign minister is set to arrive in Pakistan for possible peace talks, while the narrative spread among traders is that there's no one really running Iran and no one person can negotiate. The Dow out of the gate down 200 points. Merck shares leading it lower.

They're down almost 2%. The S&P 500 index up 16. and the NASDAQ up 176 points this morning. Markets have treated this extension of the ceasefire as essentially a resolution allowing risk to rally earlier this week. But then when we take a step back and think about the supply disruptions, the bottlenecks, that's going to have an impact on growth coming through.

And I think markets are grasping with what could this outcome potentially be? So the heightened uncertainty lends itself to more. volatility. And I suspect as what we've seen more recently, investors are not wanting to carry risk into a weekend. That's Newveen's Laura Cooper on CNBC. Shears of Nvidia up more than 1% this morning. Wed Bush's Dan Ives talked to CNBC. This tech trade is now second, third derivatives playing out across hardware, semis, what I ultimately believe will be software and infrastructure. And that's so important because for every dollar spent on a video chip, we estimate there's an $8 to $10 multiply across the rest of tech. So it just shows what this means for the broader tech trade.

Intel shares up more than 20% this morning on strong quarterly results as the chip maker shows signs of growth. U.S. crude oil is down a little bit today around $95 a barrel for WTI as Oppenheimer's John Stoltzvist tells CNBC investors are learning a lot of lessons with commodities like oil right now. What this situation has caused is a recognition among investors that oil is still the bridge to carry forth the road to alternative energy and the dependence upon fossil fuel is significant. It remains the chief lubricant of global growth around the world. Procter & Gamble shares up almost 4% today. It says sales grew in the last quarter. A U.S. soldier has been arrested for betting with insider military information. A U.S. Army Special Forces

Soldier was arrested, accused of using classified information to make bets that won him $400,000 on Polly Market ahead of the U.S. capture of Venezuelan leader Nicholas Maduro, the DOJ, says the soldier, Gannon, Ken Van Dyke, was involved in the planning and execution of Operation Absolute resolved. The soldier was charged separately by the CFTC in a civil complaint with three counts of violating the Commodity Exchange Act. CNBC's Joe Kernan. Job cuts piling up, Nike cutting 1,400 people in the second round of cuts there this year. Facebook and Instagram parent Meta announced thousands of cuts. Microsoft reportedly eyeing volunteer buyouts to let people leave before it has to cut thousands. Spirit Airlines could become a government-owned airline.

as President Trump says he's thinking about having the U.S. buy it. Spirit is in bankruptcy and close to liquidation. New in theaters this weekend, A24's thriller, Mother Mary, IFC's thriller, over your dead body, and Lionsgate's Michael Jackson's story, Michael. Jessica Eddinger, CNBC. Breaking earnings news, General Motors, Coca-Cola, Alphabet, Amazon, all next week on CNBC and streaming on CNBC Plus.