CNBC Business News Update - Market Open: Stocks Try To Break Losing Streak, Investors Look Ahead To Nvidia Earnings, GM Raises Dividend

Episode Date: February 26, 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 mostly higher as the S&P 500 and Nasdaq both try to break four-day losing streaks. The Dow is down 32 points at 43,589, but the S&P 500 adding 12 points or two-tenths of a percent, and the Nasdaq a third of a percent higher or 68 points. The short-term outlook for the tech sector in particular will likely be determined after today's closing bell when chipmaker Nvidia reports its quarterly earnings. Dow component Salesforce also reports after the closing bell. Longer term 2025 could be a bumpy year for stocks, according to Katie Stockton, managing partner at Fairlead Strategies.

This year to us is going to be likely a more consolidation sort of choppier year. In a way we're watching the secular bull trend, but it needs to take a pause at times. And we think that 2025 will be a pause year for the market and as frustrating as it might be, especially when you're trying to assert a directional bias beyond the very short term, it will be constructive probably longer term to refresh that secular bull trend. Shares of home improvement retailer lows are up about 3% this morning as the company reported better than expected quarterly results. That follows a similar performance from rival Home Depot yesterday. Another stock winner this morning is automaker

General Motors which announced a six billion dollar stock buyback and a 25 percent dividend hike. General Motors up about 4 percent. And shares of beer brewer Anheuser-Busch are jumping 8 percent. Following an upbeat earnings report, profit was higher than a year ago despite a drop in sales volume. President Donald Trump asking Apple to end its diversity, equity, and inclusion policies after shareholders voted overwhelmingly to keep them. Apple has not yet commented on the situation.

Peter Schacht now, CNBC. CNBC has the most affluent audience in television, but money itself doesn't have any meaning. It's how you make it and what you do with it that gives it purpose.