CNBC Business News Update - Markets Midday: Stocks Turn Mixed After Higher Start, DocuSign and Amazon Shares Rally, Consumer Sentiment At Highest Since April

Episode Date: December 6, 2024

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

I'm Peter Schach now to CNBC. Stocks have come off their highs following some initial gains after the better-than-expected November employment report, which showed job gains of 227,000 last month. The Dow down 29 points at 44,737, but the S&P 500 adding 14 points or 0.25%, and the Nasdaq is up 0.6% or 118 points. The S&P and Nasdaq is up six tenths of a percent or 118 points. The S&P and Nasdaq did set record intraday highs earlier in the session. Shares of DocuSign are soaring 25 percent after better than expected earnings and an upbeat forecast. Alan Tigason, CEO of the company best known for its electronic signature technology,

says artificial intelligence is allowing the company to expand its service portfolio. That's allowed us to take on projects that we really couldn't have done just a few years ago. So, for example, we ingest all your agreements now and immediately tell you what's in them, the metadata, maybe when the agreements are expiring or what terms you might want to renegotiate. That wasn't possible before. We can do that instantaneously, and so that's just a very fast path to value. Consumer sentiment is on the rise. The University of Michigan's early December sentiment index came in at 74,

a point better than expected and the highest since April. Shares of Amazon are up 2% and have hit another all-time high. Bank of America named the stock a top pick for 2025, pointing to expanding profit margins, among other factors. And shares of fitness equipment maker Peloton jumping 7% following an analyst upgrade at UBS. Peter Schach now, CNBC. CNBC. Live ambitiously.