CNBC Business News Update - Markets Midday: Brief Opening Stock Rally Fades, Home Builder Sentiment Edges Higher, Tesla Shares Rally On Latest Robotaxi Testing 12-15-2025
Episode Date: December 15, 2025The latest in business, financial, and markets 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 informat...ion about our collection and use of personal data for advertising.
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I'm Peter Shack now, CNBC.
Stocks are lower following a brief rally at the open,
as investors await key employment and inflation data this week
that had been delayed by the government shutdown.
The Dow is down 97 points at 48,361,
the S&P 500, shedding 11 points or 2 tenths of a percent,
and the NASDAQ is 4 tenths of a percent lower or 97 points.
The Dow and S&P 500 are down for the second consecutive session.
the NASDAQ sliding for a third straight day.
Home Builder's sentiment is at an eight-month high.
That's the good news.
The bad news, it's still quite negative.
The December sentiment reading from the National Association of Home Builders
came in at 39, up a point from November,
but any reading below 50 indicates negative sentiment.
CNBC's Diana Oleg says builders have a number of key concerns.
Builders continue to cite rising material and labor prices due to tariffs.
Rising inventory in the existing home market also has increased competition
for newly built homes. Now, 40% of builders reported cutting prices. The second straight month that
share has been at 40% or higher since May of 2020, and the use of sales incentives was 67% in
December. That is the highest percentage in the post-COVID period. Shares of Tesla are up 4%. That
comes after CEO Elon Musk said the company was now testing its driverless robotaxies without
any safety monitors in the front passenger seat. Spirit Aviation, the parent company of Spirit Airlines,
has secured $100 million in bankruptcy funding
as it works on executing its restructuring plan.
Peter Shack now, CNBC.
CNBC, live ambitiously.