www.cnbc.com Open in urlscan Pro
23.39.174.141  Public Scan

Submitted URL: https://link.cnbc.com/click/33672295.158612/aHR0cHM6Ly93d3cuY25iYy5jb20vMjAyMy8xMi8xMS9zdG9jay1tYXJrZXQtdG9kYXktbGl2ZS...
Effective URL: https://www.cnbc.com/2023/12/11/stock-market-today-live-updates.html?__source=newsletter%7Cbreakingnews
Submission: On February 02 via api from CA — Scanned from CA

Form analysis 0 forms found in the DOM

Text Content

Skip Navigation
BREAKING
Meta’s Zuckerberg sees $28 billion windfall after shares rocket

 * watchlive

Stocks close higher for a 4th day, S&P 500 touches highest level since January
2022: Live updates
ShareShare Article via FacebookShare Article via TwitterShare Article via
LinkedInShare Article via Email
Markets
 * Pre-Markets
 * U.S. Markets
 * Currencies
 * Cryptocurrency
 * Futures & Commodities
 * Bonds
 * Funds & ETFs

Business
 * Economy
 * Finance
 * Health & Science
 * Media
 * Real Estate
 * Energy
 * Climate
 * Transportation
 * Industrials
 * Retail
 * Wealth
 * Sports
 * Life
 * Small Business

Investing
 * Personal Finance
 * Fintech
 * Financial Advisors
 * Options Action
 * ETF Street
 * Buffett Archive
 * Earnings
 * Trader Talk

Tech
 * Cybersecurity
 * Enterprise
 * Internet
 * Media
 * Mobile
 * Social Media
 * CNBC Disruptor 50
 * Tech Guide

Politics
 * White House
 * Policy
 * Defense
 * Congress
 * Equity and Opportunity

CNBC TV
 * Live TV
 * Live Audio
 * Business Day Shows
 * Entertainment Shows
 * Full Episodes
 * Latest Video
 * Top Video
 * CEO Interviews
 * CNBC Documentaries
 * CNBC Podcasts
 * CNBC World
 * Digital Originals
 * Live TV Schedule

Watchlist
Investing Club
 * Trust Portfolio
 * Analysis
 * Trade Alerts
 * Meeting Videos
 * Homestretch
 * Jim’s Columns
 * Education
 * Subscribe
 * Sign In

PRO
 * Pro News
 * Pro Live
 * Full Episodes
 * Stock Screener
 * Market Forecast
 * Options Investing
 * Chart Investing
 * Subscribe
 * Sign In



Menu

 * Make It
 * select
   * ALL SELECT
   
   * Credit Cards
     
     
   
   * Loans
     
     
   
   * Banking
     
     
   
   * Mortgages
     
     
   
   * Insurance
     
     
   
   * Credit Monitoring
     
     
   
   * Personal Finance
     
     
   
   * Small Business
     
     
   
   * Taxes
     
     
   
   * Help for Low Credit Scores
     
     
   
   * Investing
     
     
   
   * SELECT
   
   * All Credit Cards
   
   * Find the Credit Card for You
   
   * Best Credit Cards
   
   * Best Rewards Credit Cards
   
   * Best Travel Credit Cards
   
   * Best 0% APR Credit Cards
   
   * Best Balance Transfer Credit Cards
   
   * Best Cash Back Credit Cards
   
   * Best Credit Card Welcome Bonuses
   
   * Best Credit Cards to Build Credit
   
   * SELECT
   
   * All Loans
   
   * Find the Best Personal Loan for You
   
   * Best Personal Loans
   
   * Best Debt Consolidation Loans
   
   * Best Loans to Refinance Credit Card Debt
   
   * Best Loans with Fast Funding
   
   * Best Small Personal Loans
   
   * Best Large Personal Loans
   
   * Best Personal Loans to Apply Online
   
   * Best Student Loan Refinance
   
   * SELECT
   
   * All Banking
   
   * Find the Savings Account for You
   
   * Best High Yield Savings Accounts
   
   * Best Big Bank Savings Accounts
   
   * Best Big Bank Checking Accounts
   
   * Best No Fee Checking Accounts
   
   * No Overdraft Fee Checking Accounts
   
   * Best Checking Account Bonuses
   
   * Best Money Market Accounts
   
   * Best CDs
   
   * Best Credit Unions
   
   * SELECT
   
   * All Mortgages
   
   * Best Mortgages
   
   * Best Mortgages for Small Down Payment
   
   * Best Mortgages for No Down Payment
   
   * Best Mortgages with No Origination Fee
   
   * Best Mortgages for Average Credit Score
   
   * Adjustable Rate Mortgages
   
   * Affording a Mortgage
   
   * SELECT
   
   * All Insurance
   
   * Best Life Insurance
   
   * Best Homeowners Insurance
   
   * Best Renters Insurance
   
   * Best Car Insurance
   
   * Travel Insurance
   
   * SELECT
   
   * All Credit Monitoring
   
   * Best Credit Monitoring Services
   
   * Best Identity Theft Protection
   
   * How to Boost Your Credit Score
   
   * Credit Repair Services
   
   * SELECT
   
   * All Personal Finance
   
   * Best Budgeting Apps
   
   * Best Expense Tracker Apps
   
   * Best Money Transfer Apps
   
   * Best Resale Apps and Sites
   
   * Buy Now Pay Later (BNPL) Apps
   
   * Best Debt Relief
   
   * SELECT
   
   * All Small Business
   
   * Best Small Business Savings Accounts
   
   * Best Small Business Checking Accounts
   
   * Best Credit Cards for Small Business
   
   * Best Small Business Loans
   
   * Best Tax Software for Small Business
   
   * SELECT
   
   * All Taxes
   
   * Filing For Free
   
   * Best Tax Software
   
   * Best Tax Software for Small Businesses
   
   * Tax Refunds
   
   * Tax Brackets
   
   * Tax Tips
   
   * Tax By State
   
   * Tax Payment Plans
   
   * SELECT
   
   * All Help for Low Credit Scores
   
   * Best Credit Cards for Bad Credit
   
   * Best Personal Loans for Bad Credit
   
   * Best Debt Consolidation Loans for Bad Credit
   
   * Personal Loans if You Don’t Have Credit
   
   * Best Credit Cards for Building Credit
   
   * Personal Loans for 580 Credit Score or Lower
   
   * Personal Loans for 670 Credit Score or Lower
   
   * Best Mortgages for Bad Credit
   
   * Best Hardship Loans
   
   * How to Boost Your Credit Score
   
   * SELECT
   
   * All Investing
   
   * Best IRA Accounts
   
   * Best Roth IRA Accounts
   
   * Best Investing Apps
   
   * Best Free Stock Trading Platforms
   
   * Best Robo-Advisors
   
   * Index Funds
   
   * Mutual Funds
   
   * ETFs
   
   * Bonds

 * USA
 * INTL

 * watchlive

Search quotes, news & videos
Watchlist

SIGN IN
Create free account
Stocks close higher for a 4th day, S&P 500 touches highest level since January
2022: Live updates
ShareShare Article via FacebookShare Article via TwitterShare Article via
LinkedInShare Article via Email
Markets
Business
Investing
Tech
Politics
CNBC TV
Watchlist
Investing Club
PRO


Menu


Updated Tue, Dec 12 20234:17 PM EST
ShareShare Article via FacebookShare Article via TwitterShare Article via
LinkedInShare Article via Email


STOCKS CLOSE HIGHER FOR A 4TH DAY, S&P 500 TOUCHES HIGHEST LEVEL SINCE JANUARY
2022: LIVE UPDATES

Brian Evans
Jesse Pound

watch now
VIDEO4:2004:20
Investors itching to get out of cash:JPMorgan’s Gabriela Santos
Closing Bell


Stocks climbed for a fourth session on Tuesday as Wall Street parsed through
another round of inflation data in search for clues on when the Federal Reserve
could start easing monetary policy.

The S&P 500 added 0.46% to close at 4,643.70, while the Dow Jones Industrial
Average gained 173.01 points, or 0.48%, to 36,577.94. The Nasdaq Composite
advanced 0.70% to 14,533.40.

All three major indexes touched new intraday 52-week highs on Tuesday, with the
S&P 500 hitting its highest intraday level since January 2022. The tech-heavy
Nasdaq and Dow touched their highest intraday levels since April and January of
last year, respectively.

The consumer price index rose 3.1% in November year over year and 0.1% month
over month. Economists polled by Dow Jones forecast a 3.1% annual increase.
Month over month, they expected CPI to remain flat. Excluding food and energy,
inflation rose in line with economists’ expectations.

The report comes as investors try to end a strong year on a high note. The Dow,
S&P 500 and Nasdaq Composite have six consecutive weeks of gains.

″Bulls and bears each have their talking points about the [November] consumer
price index, but the fact of the matter was that the number was very consistent
with expectations, and thus changes little,” said Adam Crisafulli, founder and
president of Vital Knowledge. “The consensus mindset seems eager for a buyable
pullback (as underinvested people would like to deploy sidelined capital) which
is likely why one doesn’t seem to be happening.”

Traders will now turn their attention to the Fed’s policy announcement, slated
for Wednesday at 2 p.m. ET. Wall Street largely expect the central bank to hold
rates steady. However, they will comb through Chair Jerome Powell’s commentary
for signals of when rate cuts could come.

Shares of tech giant Oracle were down more than 12% a day after the company’s
revenue for the fiscal second quarter missed Wall Street expectations. Macy’s
pulled back 8% following a downgrade to sell from Citi on Tuesday.

Tue, Dec 12 20234:10 PM EST


STOCKS CLOSE HIGHER

Stocks closed higher on Tuesday, with the S&P 500 climbing to its highest
intraday level since January of 2022.

The broader market index added 0.46% to close at 4,643.70. The Dow Jones
Industrial Average added 173.01 points, or 0.48%, to finish at 36,577.94, while
the Nasdaq Composite gained 0.70% to 14,533.40.

— Brian Evans



Tue, Dec 12 20233:51 PM EST


ENERGY DRAGS ON S&P 500

Energy stocks restricted gains for the S&P 500 on Tuesday.

The index climbed 0.3%, with eight of 11 sectors trading higher. But energy
names lagged, as the sector traded down 1.3% in the session.

The sector was led into the red by Occidental Petroleum, Marathon Oil, Devon
Energy and EQT. All were down more than 2% in the session.

Every energy name in the index was poised for losses.


Tue, Dec 12 20233:27 PM EST


EQUITY MOMENTUM IS STRONG AFTER FALTERING FOR THE PAST 2 WEEKS

After two weeks of slowing futures flows, market momentum is picking back up in
both the U.S. and Europe spurred by an ongoing equity rally, according to Citi.

“This means current flow momentum is strongly bullish as we go into the last
major week of the year for economic releases and central bank meetings,” wrote
analyst Chris Montagu.

He also pointed out that December contracts are set to expire this week, which
could further inject liquidity and volatility into the market as traders adjust
their positions.

— Lisa Kailai Han


Tue, Dec 12 20232:59 PM EST


BANK OF AMERICA CLIENTS WERE NET SELLERS LAST WEEK

Clients of Bank of America Securities were selling more stocks than buying them
last week — for the first time since October, the bank said Tuesday.

Institutional investors led the pack, followed by hedge funds, who were net
sellers for a fourth consecutive week. Private clients, however, were net
buyers.

“Clients sold 7 of the 11 GICS sectors, led by Health Care — fifth consecutive
week of outflows and largest since August (we are underweight the sector in our
year ahead outlook). Materials saw the largest outflow since August,” strategist
Jill Carey Hall said in note.

Cyclicals and defensives saw outflows for a sixth consecutive week, while
technology and communication services led the inflows, she wrote.

Meanwhile, ETFs also saw inflows.

— Michelle Fox


Tue, Dec 12 20232:49 PM EST


SEMIS COULD HAVE SOME STEAM INTO YEAR-END, WOLFE RESEARCH SAYS

There’s something going on with chip stocks, and it could mean more gains for
the sector, Wolfe Research said.

“A week ago, they looked like they were rolling and consolidating beneath
resistance as their overbought conditions started to gain traction, but
[Monday’s] 3.4% rally helped to clear both absolute and relative resistance,”
strategist Rob Ginsberg wrote.

The iShares Semiconductor ETF (SOXX) has been on fire this year, gaining 56%.

Stock Chart IconStock chart icon

iShares Semiconductor ETF
RT Quote | Last NASDAQ LS, VOL From CTA | USD
After Hours: Last | 4:07 PM EST
593.85-2.62 (-0.44%)
596.47+7.52 (+1.28%)
Close
WATCHLIST+
Quote Details
SOXX in 2023

— Fred Imbert


Tue, Dec 12 20232:32 PM EST


WALGREENS CONSIDERING IPO FOR BOOTS, REPORT SAYS

Shares of Walgreens Boots Alliance rose to session highs after Bloomberg News
reported that the company was mulling an exit for its international arm.

The report, citing people with knowledge of the matter, said the company
considering an initial public offering of the UK-based Boots pharmacy chain in
London. The deal could value Boots at more than $8 billion, the report said.

Shares of Walgreens Boots Alliance were last up about 1.8% for the day.

— Jesse Pound


Tue, Dec 12 20232:01 PM EST


TOP INVESTORS HOBSON AND ROGERS OF ARIEL INVESTMENTS SAY SMALL CAPS WILL REBOUND
IN 2024

The investment plays that succeeded in 2023 likely won’t work in 2024, Ariel
Investments co-CEOs Mellody Hobson and John Rogers Jr. told CNBC’s “Squawk Box”
on Tuesday. 

The two investors think that 2024 could be a breakout year for smaller and value
stocks. These names have taken a backseat for most of 2023, as the “Magnificent
7” dominated the market rally. The Magnificent 7 now encapsulate more than three
times the market cap of the Russell 2000, Hobson told said.

“I think the S&P will have a harder time versus the smaller indices, because the
mean reversion at some point catches up,” Hobson noted. 

The full story can be found here.

— Hakyung Kim


Tue, Dec 12 20231:19 PM EST


STOCKS MAKING THE BIGGEST MOVES MIDDAY

These are some of the stocks making notable moves in midday trading:

 * Oracle — The software provider tumbled 11% on Tuesday, one day after
   reporting worse revenue than analysts expected for the fiscal second quarter.
 * Centene — Shares popped more than 3% after Centene raised its fiscal 2024
   earnings guidance and authorized a $4 billion increase to its stock
   repurchase program. 
 * Johnson Controls — The building technology stock dropped 7% on the back of a
   weaker-than-expected earnings report.

See the full list here.

— Alex Harring


Tue, Dec 12 202312:49 PM EST


HERE’S WHAT COULD QUALIFY AN MARKET UPSIDE IN A PRESIDENTIAL YEAR, ACCORDING TO
CANACCORD GENUITY

Canaccord Genuity provided two historical reference points that could indicate a
potential upside during the 2024 presidential election year. Gains above these
levels would likely be given back, the firm said.

First, the firm outlined previous occurrences of consecutive declines in August,
September, and October that were followed with “meaningful rallies” in the S&P
500 and the small-cap Russell 2000 index. The upside into year-end for the
broader market was between 5% and 8%, while the gain for the Russell was between
11 and 15%, Canaccord said.

Second, the firm said that, looking at fourth quarter median gains and maximum
drawdowns in presidential pre-election years since 1952, the S&P 500 is already
at its “upper end” of the historical data.

“In our view, there has been enough improvement to warrant an oversold rally and
year-end catch-up in the broader market, but not yet enough to generate an
economic re-acceleration that warrants a turn in our fundamental core thesis,”
analyst Tony Dwyer wrote in a Tuesday note. “We expect that time should come in
early 2024.”

— Pia Singh


Tue, Dec 12 202312:18 PM EST


EXXON HITS NEW 52-WEEK LOW AS OIL PRICES TUMBLE

Exxon Mobil hit a new 52-week low as oil prices drag down the company’s stock.

Exxon shares were trading at $97.99 on Tuesday. The oil giant’s stock is falling
as U.S. crude prices have booked seven weeks of losses.

The West Texas Intermediate contract for January lost $2.75, or 3.86%, to trade
$68.57 a barrel on Tuesday. Oil traders are worried that U.S. inflation data
indicates the Federal Reserve is not ready to ease up on interest rates yet.

— Spencer Kimball


Tue, Dec 12 202311:54 AM EST


ED YARDENI SEES S&P 500 SURGING TO 6,000 IN 2025

Widely-followed Wall Street strategist Ed Yardeni issued a head-turning bull
call on the stock market, seeing the S&P 500 soaring all the way to 6,000 in
2025.

“That’s because we are seeing more reasons to believe in our Roaring 2020s
scenario — the theory that productivity growth, driven by technological
solutions to the labor market’s supply/demand imbalance, will lead to strong
economic growth throughout this decade,” Yardeni said in a note to clients
Sunday evening.

— Yun Li


Tue, Dec 12 202311:33 AM EST


MAJOR INDEXES REACH NEW 52-WEEK INTRADAY HIGHS

The three major indexes all touched fresh 52-week intraday highs during
Tuesday’s trading session.

The Nasdaq Composite rose to 14,474.02, its highest intraday level since Apr. 5,
2022, when it hit 14,500.29.

The S&P 500 reached its highest intraday level since Mar. 29, 2022, at 4,630.49.
At the last intraday high milestone, the S&P 500 hit 4,637.30.

The 30-stock Dow Jones Industrial Average achieved a high of 36,531.97, its
highest intraday level since Jan. 5, 2022, when it traded at 36,952.65.

— Hakyung Kim


Tue, Dec 12 202311:08 AM EST


GASOLINE PRICES HAVE FALLEN 19% SINCE SEPTEMBER PEAK

Prices at the pump in the U.S. have have fallen about 19% since a September peak
as Americans enter the busy holiday shopping and travel season, according to
data from AAA.

A gallon of gas cost $3.14 on average in the U.S. as of Tuesday, the twelfth
straight week that prices have dropped as U.S. crude oil has tumbled.

Gasoline futures, meanwhile, were trading at $1.99 on Tuesday, down 2.84%

Consumers are seeing gas prices that are lower than the past two holiday seasons
and the first year-over-year declines since 2020, according to a Tuesday note
from Citi.

— Spencer Kimball


Tue, Dec 12 202310:24 AM EST


U.S. CRUDE OIL DROPS 3% ON INFLATION WORRIES

U.S. crude oil prices on Tuesday dropped more than 3% as traders worries that
the Federal Reserve does not yet have inflation under control.

The West Texas Intermediate contract for January lost $2.41, or 3.38%, to trade
at $68.91 a barrel, while the Brent crude contract for February shed $2.33, or
3.06%, to trade at $73.70 a barrel.

Inflation in the U.S. rose 0.1% in November after being unchanged in October.
Traders are worried that the Fed does not have inflation under control and will
have to keep the foot on the accelerator when it comes to interest rates, said
Phil Flynn, an analyst with the Price Futures Group.

Flynn said the confidence of the oil market has been shattered after a
seven-week streak of losses.

Record oil production in the U.S. is colliding with a weakening economy in
China, raising concerns that OPEC+ will not be able to stabilize crude prices
with its new round of cuts set for the first quarter.

— Spencer Kimball


Tue, Dec 12 202310:05 AM EST


LATEST CPI PRINT IS ‘NOT A GOOD REPORT FOR FED OFFICIALS,’ RUPKEY SAYS

Tuesday’s consumer price index report will do little to change the Federal
Reserve’s rate cut expectations, according to Chris Rupkey of FWDBONDS.

“Stay tuned,” he wrote. “Fed officials were not thrown a curve ball today, they
can keep with the forecasts for rate cuts next year that they made last
weekend.”

Even as the general public’s inflation expectations fall, core inflation
continues to rise and pressures persist, he wrote. The latest CPI report showed
inflation slow at an annual rate, but pickup from flat in October.

“To get inflation down to the 2% target, the Fed needs monthly changes of 0.2%,
not the 0.3% November core CPI reading the markets got today,” he wrote.

“Of course the market does not know what to do, as technically inflation met
expectations for core CPI of 0.3% this month, but this is not a good report for
Fed officials, although at least the price surge coming out of the pandemic may
be over,” he added

— Samantha Subin


Tue, Dec 12 20239:33 AM EST


STOCKS OPEN LITTLE CHANGED

Stocks open little changed on Tuesday as Wall Street parses over the latest
inflation data ahead of the next Federal Reserve policy meeting.

The S&P 500 and Nasdaq Composite hovered near the flatline, while the Dow Jones
Industrial Average added 24 points, or 0.07%.

— Brian Evans


Tue, Dec 12 20238:40 AM EST


CPI RISES 0.1% MONTH OVER MONTH IN NOVEMBER

The consumer price index gained 0.1% in November from the prior month.
Economists polled by Dow Jones expected CPI to be flat month over month. On a
year-over-year basis, the print came in at 3.1%, in line with expectations.

Excluding energy and food, CPI rose 0.3% month over month and 4% year over year
— also matching expectations.

— Fred Imbert


Tue, Dec 12 20237:43 AM EST


THE FEDERAL RESERVE WILL BEGIN INTEREST RATE CUTS IN MID 2024, CNBC SURVEY FINDS

Respondents to the latest CNBC Fed Survey expect the central bank to begin
cutting interest rates in the middle of next year and are more optimistic on the
likelihood of a soft landing.

More than half of the 35 economists, strategists and analysts polled by CNBC
expect June to be the first month of Fed cuts, while 69% expect another cut in
July. The average forecast from respondents calls for roughly 85 basis points of
interest rate cuts in 2024.

Meanwhile, soft landing expectations also climbed in the December survey
compared to a month earlier. Respondents increased the probability of soft
landing to 47%, a basis point increase from November, while trimming the odds of
a recession in 2024 by 8 basis points to 41%.

— Brian Evans


Tue, Dec 12 20236:55 AM EST


THIS WEEK’S ‘BIG 3’ EVENTS LIKELY TO BE SPEEDBUMPS, VITAL KNOWLEDGE SAYS

Adam Crisafulli of Vital Knowledge noted Tuesday that the three major events for
the market this week — U.S. CPI on Tuesday, the Fed announcement Wednesday and
the ECB decision Thursday — will likely be “speedbumps” for the market, not
“sinkholes.”

“The enormity of the move these last few weeks has eroded many prior technical
tailwinds (positioning, sentiment, etc.), leaving stocks without much air cover
in the near-term,” he said. “However, the forces that drove bonds and equities
higher are larger than individual central bank meetings or single economic
releases – the economy is reverting to a state of relative normalcy as all the
COVID-era distortions are finally wrung out.”

— Fred Imbert


Tue, Dec 12 20233:16 AM EST


A LUKEWARM OPEN IN EUROPE

European stocks made a muted start to Tuesday’s session.

The pan-European Stoxx 600 was up 0.1% in early trade, with household goods
adding 0.6% to lead gains while telecoms fell 0.9%.

- Elliot Smith


Mon, Dec 11 20236:28 PM EST


HASBRO SHARES TUMBLE ON NEWS OF LAYOFFS

Hasbro, maker of My Little Pony and Nerf toys, said it would be laying off
roughly 1,100 of its workers, CNBC reported, citing a company memo.

The toymaker is grappling with soft sales that have continued into the holiday
season and are “likely to persist into 2024,” CEO Chris Cocks said in the memo.

Hasbro had about 6,300 workers as of earlier this year.

Shares were down more than 5% in after-hours trading.

Read more about the layoffs – and the text of the full memo – here.

—Darla Mercado, Drew Richardson


Mon, Dec 11 20236:21 PM EST


LUCID GROUP CFO RESIGNS, STOCK FALLS

Struggling automaker Lucid Group took another hit on Monday.

Shares the electric vehicle company slipped nearly 3% in extended trading after
Lucid announced that chief financial officer Sherry House is resigning,
effective immediately. Lucid said that House is leaving to pursue other
opportunities, but will be available in an advisory capacity through the end of
the year.

Shares of Lucid were already down more than 30% year to date. The stock closed
at less than $5 per share on Monday, down more than 90% from its all-time high
in November 2021.

Stock Chart IconStock chart icon

Lucid Group Inc
RT Quote | Last NASDAQ LS, VOL From CTA | USD
After Hours: Last | 4:13 PM EST
3.29-0.02 (-0.60%)
3.31-0.11 (-3.22%)
Close
WATCHLIST+
Quote Details
Lucid’s stock is down more than 90% from its record high.

— Jesse Pound


Mon, Dec 11 20236:13 PM EST


KEY INFLATION READING LOOMS AS FEDERAL RESERVE PREPARES TO MEET

Traders will have an eye out for November’s consumer price index report, due
Tuesday morning at 8:30 a.m. ET.

Economists polled by Dow Jones anticipate that headline CPI held steady in
November compared to the prior month, and they predict that it grew by 3.1% on a
12-month basis.

Core CPI, which strips out volatile food and energy prices, is expected to have
grown 0.3% from the previous month and to have advanced 4.0% from a year
earlier.

The numbers will be arriving as the Federal Reserve kicks off its two-day
meeting, where it will mull over its latest decision on rate policy and issue
its economic projections.

—Darla Mercado


Mon, Dec 11 20236:07 PM EST


FUTURES OPEN LITTLE CHANGED

Stock futures opened little changed on Monday evening, with the three major
contract down less than 0.1% apiece.

— Jesse Pound


Mon, Dec 11 20236:03 PM EST


ORACLE FALLS AFTER REVENUE MISS

Shares of Oracle fell more than 7% in extended trading after the tech company’s
revenue for the fiscal second quarter came in short of expectations. Oracle
generated $12.94 billion in revenue compared to the $13.05 billion expected by
analysts, according to LSEG.

The revenue miss came from below-estimates results in multiple segments,
including cloud services and license support, according to data from
StreetAccount.

Shares of Oracle were up more than 40% for the year ahead of the report.

— Jesse Pound



Trending Now

 1. House passes child tax credit expansion — which could benefit millions of
    families, experts say
    
 2. If you answer yes to these 15 questions, you are happier than most people,
    says longevity expert
    
 3. S&P 500 closes at a record, rises for a fourth-straight week on strong tech
    earnings
    
 4. Meta’s Zuckerberg sees $28 billion windfall after shares rocket
    
 5. We’ve studied over 30,000 couples—here are 6 phrases you’ll hear in the most
    successful relationships
    

by Taboolaby Taboola
Sponsored LinksSponsored Links
Promoted LinksPromoted Links
FROM THE WEB
CHIP Reverse Mortgage

Try This Reverse Mortgage Estimator (Only If You’re Over 55)CHIP Reverse
Mortgage
Get Quote


Undo
Covered For Life

Canadians In Ontario With No life Insurance May Be Surprised With This New
PolicyCovered For Life
Learn More


Undo




 * 
 * 
 * 
 * 
 * 
 * 
 * 


 * Subscribe to CNBC PRO
 * Subscribe to Investing Club
 * Licensing & Reprints
 * CNBC Councils
 * Select Personal Finance
 * CNBC on Peacock
 * Join the CNBC Panel
 * Supply Chain Values
 * Select Shopping
 * Closed Captioning
 * Digital Products
 * News Releases
 * Internships
 * Corrections
 * About CNBC
 * Ad Choices
 * Site Map
 * Podcasts
 * Careers
 * Help
 * Contact

 * NEWS TIPS
   
   Got a confidential news tip? We want to hear from you.
   
   Get In Touch

 * CNBC NEWSLETTERS
   
   Sign up for free newsletters and get more CNBC delivered to your inbox
   
   Sign Up Now
   
   Get this delivered to your inbox, and more info about our products and
   services.

 * ADVERTISE WITH US
   
   Please Contact Us

 * Privacy Policy
 * 
 * CA Notice
 * Terms of Service

© 2024 CNBC LLC. All Rights Reserved. A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global
Business and Financial News, Stock Quotes, and Market Data and Analysis.

Market Data Terms of Use and Disclaimers

Data also provided by






COOKIE NOTICE

This Cookie Notice (“Notice”) explains how NBCUniversal and its affiliates
(“NBCUniversal” or “we”), along with our partners, including advertisers and
vendors, use cookies and similar tracking technologies when you use our
websites, applications, such as games, interactive TV, voice-activated
assistants, and other services that link to this policy, as well as connected
devices, including those used in our theme parks (“Services”). This Notice
provides more information about these technologies, your choices, and is part of
the NBCUniversal Privacy Policy available here. You should read the Privacy
Policy and this Notice for a full picture of NBCUniversal’s use of your
information.

WHAT ARE COOKIES AND HOW ARE THEY USED?

Like many companies, we use cookies (small text files placed on your computer or
device) and other tracking technologies on the Services (referred to together
from this point forward as “Cookies”, unless otherwise stated), including HTTP
cookies, HTML5 and Flash local storage/flash cookies, web beacons/GIFs, embedded
scripts, ETags/cache browsers, and software development kits.

First-party Cookies

First-party Cookies are placed by us (including through the use of third-party
service providers) and are used to allow you to use the Services and their
features and to assist in analytics activities.

Third-party Cookies

Certain third parties may place their Cookies on your device and use them to
recognize your device when you visit the Services and when you visit other
websites or online services. These third parties collect and use this
information pursuant to their own privacy policies. Third-party Cookies enable
certain features or functionalities, and advertising, to be provided on the
Services.

Types of Cookies

The Services use the following types of first and third-party Cookies for these
purposes:

Strictly Necessary Cookies: These Cookies are required for Service
functionality, including for system administration, security and fraud
prevention, and to enable any purchasing capabilities. You can set your browser
to block these Cookies, but some parts of the site may not function properly.

Information Storage and Access: These Cookies allow us and our partners to store
and access information on the device, such as device identifiers.

Measurement and Analytics: These Cookies collect data regarding your usage of
and performance of the Services, apply market research to generate audiences,
and measure the delivery and effectiveness of content and advertising. We and
our third-party vendors use these Cookies to perform analytics, so we can
improve the content and user experience, develop new products and services, and
for statistical purposes. They are also used to recognize you and provide
further insights across platforms and devices for the above purposes.

Personalization Cookies: These Cookies enable us to provide certain features,
such as determining if you are a first-time visitor, capping message frequency,
remembering choices you have made (e.g., your language preferences, time zone),
and assist you with logging in after registration (including across platforms
and devices). These Cookies also allow your device to receive and send
information, so you can see and interact with ads and content.

Content Selection and Delivery Cookies: Data collected under this category can
also be used to select and deliver personalized content, such as news articles
and videos.

Ad Selection and Delivery Cookies: These Cookies are used to collect data about
your browsing habits, your use of the Services, your preferences, and your
interaction with advertisements across platforms and devices for the purpose of
delivering interest-based advertising content on the Services and on third-party
sites. Third-party sites and services also use interest-based Advertising
Cookies to deliver content, including advertisements relevant to your interests
on the Services and third-party services. If you reject these Cookies, you may
see contextual advertising that may be less relevant to you.

Social Media Cookies: These Cookies are set by social media platforms on the
Services to enable you to share content with your friends and networks. Social
media platforms have the ability to track your online activity outside of the
Services. This may impact the content and messages you see on other services you
visit.

We and third parties may associate Measurement And Analytics Cookies,
Personalization Cookies, Content Selection, Delivery Cookies, and Reporting, Ad
Selection, Delivery and Reporting Cookies, and Social Media Cookies with other
information we have about you.

COOKIE MANAGEMENT

Depending on where you live, you may be able to adjust your Cookie preferences
at any time via the “Cookie Settings” link in the footer of relevant websites.
You can also use the methods described below to manage Cookies. You must take
such steps on each browser or device that you use. If you replace, change or
upgrade your browser or device, or delete your cookies, you may need to use
these opt-out tools again. As some Cookie-management solutions also rely on
Cookies, please adjust your browser Cookie settings carefully, following the
relevant instructions below.

Browser Controls: You may be able to disable and manage some Cookies through
your browser settings. If you use multiple browsers on the same device, you will
need to manage your settings for each browser. Please click on any of the below
browser links for instructions:

Google Chrome
Apple Safari
Mozila Firefox
Microsoft Internet Explorer

If the browser you use is not listed above, please refer to your browser’s help
menu for information on how to manage Cookies. Please be aware that disabling
cookies will not disable other analytics tools we may use to collect information
about you or your use of our Services.

Analytics Provider Opt-Outs: To disable analytics Cookies you can use the
browser controls discussed above or, for some of our providers, you can use
their individual opt-out mechanisms:

Google’s Privacy Policy and Google Analytics Opt-Out
Omniture’s Privacy Policy and Omniture’s Opt-Out
Mixpanel’s Privacy Policy and Mixpanel’s Opt-Out

The above are examples of our analytics providers and this is not an exhaustive
list. We are not responsible for the effectiveness of any other providers’
opt-out mechanisms.

Flash Local Storage: These cookies are also known as local shared objects and
may be used to store your preferences or display content by us, advertisers and
other third-parties. Flash cookies need to be deleted in the storage section of
your Flash Player Settings Manager.

Interest-Based Advertising: Most third-party advertisers offer a way to opt out
of their interest-based advertising. For more information or to opt out of
receiving interest-based advertising from participating third-party advertisers,
depending on your country of residence, please visit:

Digital Advertising Alliance in the US
Digital Advertising Alliance of Canada
European Interactive Digital Advertising Alliance
Australian Digital Advertising Alliance

You can also opt out of some of the advertising providers we use by visiting
their opt-out pages:

Google’s Privacy Policy and Google Analytics Opt-Out Page
Facebook Privacy Policy and Facebook’s Opt-Out Page
Twitter Privacy Policy and Twitter’s Opt-Out Page
Liveramp’s Privacy Policy and Liveramp Opt-Out Page

These are examples of our advertising providers and this is not an exhaustive
list. In addition, we are not responsible for the effectiveness of any of these
providers’ opt-out mechanisms.

After you opt out, you will still see advertisements, but they may not be as
relevant to you.

Mobile Settings: You may manage the collection of information for interest-based
advertising purposes in mobile apps via the device’s settings, including
managing the collection of location data. To opt out of mobile ad tracking from
Nielsen or other third parties, you can do so by selecting the “Limit Ad
Tracking” (for iOS devices) or “Opt out of Ads Personalization” (for Android
devices) options in your device settings.

Connected Devices: For connected devices, such as smart TVs or streaming
devices, you should review the device’s settings and select the option that
allows you to disable automatic content recognition or ad tracking. Typically,
to opt out, such devices require you to select options like “limit ad tracking”
or to disable options such as “interest-based advertising,” “interactive TV,” or
“smart interactivity”. These settings vary by device type.

Cross-Device Tracking: If you would like to opt out of our browser-based
cross-device tracking for advertising purposes, you may do so by using the
various methods described above. You must opt out separately on each device and
each browser that you use. For more information about cross-device matching,
please visit the Network Advertising Initiative or the Digital Advertising
Alliance. If you opt out of cross-device tracking for advertising purposes, we
may still conduct cross-device tracking for other purposes, such as analytics.

Consequences of Deactivation of Cookies: If you disable or remove Cookies, some
parts of the Services may not function properly. Information may still be
collected and used for other purposes, such as research, online services
analytics or internal operations, and to remember your opt-out preferences.



CONTACT US

For inquiries about this Cookies Notice, please contact us at Privacy@nbcuni.com
or Chief Privacy Officer, NBCUniversal Legal Department, 30 Rockefeller Plaza,
New York, NY 10112, US.

For inquiries from users who reside in the European Economic Area, the United
Kingdom or Switzerland, please contact us at Privacy@nbcuni.com or Privacy,
Legal Department, Central Saint Giles, St Giles High Street, London, WC2H 8NU,
UK

CHANGES TO THIS NOTICE

This Notice may be revised occasionally and in accordance with legal
requirements. Please revisit this Cookie Notice regularly to stay informed about
our and our analytic and advertising partners’ use of Cookies.

STRICTLY NECESSARY COOKIES

Always Active

These Cookies are required for Service functionality, including security and
fraud prevention, and to enable any purchasing capabilities. You can set your
browser to block these Cookies, but some parts of the site may not function
properly.

Back Button


COOKIE LIST



Search Icon
Filter Icon

Clear
checkbox label label
Apply Cancel
Consent Leg.Interest
checkbox label label
checkbox label label
checkbox label label

Close