CNBC Business News Update - Market Open: Stocks Rebound After Thursday Slump, Fresh Reading On Consumer Sentiment Ahead, Ulta Beauty and Docusign Rally On Earnings

Episode Date: March 14, 2025

The latest in business, financial, and market news and how it impacts your money, reported by CNBC's Peter Schacknow

I'm Peter Schack, now CNBC. Stocks have opened higher after Wall Street's major averages closed yesterday at their lowest levels since September. The Dow Jones Industrial Average up 152 points at 40,965. The S&P 500 rebounding by 0.9% or 49 points. The Nasdaq Composite rallying 1.5 percent, 257 points. Worries remain, though, about the possibility of recession as well as uncertainty over tariffs

and White House economic policies. Jim Paulson is chief investment officer at Luthor Group. I think what we're starting to see is economic momentum is lessening, and as a result, recession fears spike, and that runs right through the stock market. I don't think we're going to have recession recession but I think we're gonna have a recession scare and that's gonna be enough here to keep bringing a little turmoil for a period.

I think the worst is already over but I'm not sure the whole correction is yet over. It might take a little bit longer. Just one economic number on the calendar today, the mid-March consumer sentiment index from the University of Michigan. That's out at 10 Eastern time. Economists are expecting the index to decline by about two and a half points compared to the end of last month. Among stocks on the move this morning, Chipotle Mexican Grill is up more than 2 percent after Loop Capital upgraded the stocks rating to buy from hold. Loop says the recent pullback in the restaurant chain shares present a buying opportunity.

Alta Beauty is surging 8 percent after the cosmetics retailer reported better than expected quarterly earnings. That gain comes despite a tepid forecast for the current year. Also beating estimates, electronic signature company DocuSign with that stock rallying nearly 10 percent. Peter Schacht now CNBC.