CNBC Business News Update - Markets Midday: Dow, S&P 500 Wipe Out November Losses In Shortened Trading Day, Movie Industry Aims For $9B 2025, Starbucks Workers Expand Strike 11-28-2025

Episode Date: November 28, 2025

The 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 information about our collection and use of personal data for advertising.

I'm Peter Shack now, CNBC. A five-day market rally may be just enough to take the edge off an uncharacteristically poor November for stocks. Right now, the Dow is up 286 points at 47,714. The S&P 500, 25 points higher or 4 tenths of a percent, and the NASDAQ also 4 tenths of a percent higher or 87 points. With today's gain, the Dow is now positive for November, while the S&P 500 is just shy. of break-even. The NASDAQ, though, is still down 1.8% for the month. Both the S&P and Nasdaq are on track for their largest weekly rallies since mid-May. The movie industry is picking up some momentum as the year draws to a close. Wicked for Good followed up a record-breaking opening weekend

with a strong Thanksgiving holiday performance. ComScore Senior Media Analyst Paul de Garibedian says the industry could top the $9 billion box office mark for 2025, up from last year's $8.77 billion. on a great pace right now with Avatar on the way, Five Nights at Freddy's Two, on Christmas Eve and then Christmas Day, there will be a Baker's dozen of films coming out on those two days alone, Anaconda, Marty Supreme with Timothy Shalome, Song Sung Blue with Hugh Jackman and Kate Hudson. So a lot of big movies on the way. So I think we can get to that $9 billion threshold. In addition to visiting the movies, consumers are doing what they usually do this time of year, shopping. Adobe expects $11.7 billion in online shopping today, Black Friday, and $14.2 billion on Cyber Monday, three days from now. A strike by unionized workers at Starbucks has expanded to more than 120 stores in 85 cities. According to the union, the workers want higher pay and stronger staffing levels. The current walkout began on November 13th. Peter Shack now, CNBC.