Closing Bell Overtime: Markets, Meta Cuts, and the Retail Read 12/4/25

Closing Bell

CNBC

News, Business

4.8 • 118 Ratings

🗓️ 4 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investors weigh bonds, jobless claims, and rising economic concerns with Jim Paulsen of Paulsen Perspectives and Charles Bobrinskoy, Vice Chairman at Ariel Investments. Earnings from Hewlett Packard Enterprise, Rubrik, Ulta Beauty, and SentinelOne help shape the afternoon narrative. Mike Proulx of Forrester and Lloyd Walmsley of Mizuho analyze Meta’s reported pullback in metaverse spending and its implications for the tech landscape. We also hear from Rubrik CEO Bipul Sinha on results, dig into retail earnings with Courtney Reagan, and assess the 2026 IPO outlook with Brianne Lynch, Head of Market Insights at EquityZen, before wrapping with a look at tomorrow’s key market drivers.

Transcript

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0:00.0	The doubt marks the end of regulation.
0:05.0	Hank Azari, a part of the group bringing to closing bells to New York Stock Exchange,
0:08.0	as part of the annual tree lighting.
0:10.0	FM Investments doing the honors at the NASDAQ.
0:12.0	And it was a quiet day for the major outages.
0:15.0	The Dow losing 50 points, S&P 500, flat, a little higher.
0:20.0	The NASDAQ, slightly higher as well.
0:24.0	About a quarter, maybe it popped a little at the end.
0:26.1	The Russell 2000 outperforming looks to be up about three quarters of a percent.
0:30.6	Industrials and energy, the two best sectors today, power producers like GEBernova and Quanta had big games.
0:37.0	Concerns about the consumer hitting some staples. Kroger and Costco falling, discretionary stocks too win resorts and Marriott. But the big stock story today is meta. Up about 3.5% on a report. It's considering cuts at its Metaverse unit. Much more on that coming up. That's a scorecard on Wall Street, but winners stay late. Welcome to closing about overtime. I'm John Ford. Morgan Brennan is on assignment. Coming up, we're watching for several earnings reports coming out in the next few minutes, including Hewlett Packard Enterprise, Alta Beauty, Sentinel One, and Rubrik. And after those rubric numbers cross, you'll hear from the company CEO Biffelcina
1:12.4	before the analyst call.
1:14.6	Plus, 2025 was an active year for IPO.
1:17.2	If you're going to look at what to expect in 2026.
1:20.3	And even though the Wall Street scorecard looks quiet, any soccer fan will tell you,
1:24.6	there might still be lots of action.
1:26.5	Christina Parts Nevelas is at the NASDAQ for a look at the penalty kicks. Christina, your soccer fan will tell you. There might still be lots of action. Christina Parts Nevelis is at the
1:28.2	NASDAQ for a look at the penalty kicks. Christina, you're a soccer fan? If I knew I would be ready
1:33.9	with some puns. Darn it, I know you're the pun. But let's talk about stocks right now because
1:38.9	you said they finished lower with investors really eyeing or mixed, I should say, Friday's
1:42.9	PCE report. The feds have preferred inflation gauge and next week's rate decision. Small caps outperformed again.
1:49.4	Five of the 11 S&P sectors finished in the green with industrials, like you said, John,
	...

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