Record closes for Dow, S&P 500; Broadcom earnings and the outlook for AI in 2026 12/11/25

Closing Bell

CNBC

News, Business

4.8 • 118 Ratings

🗓️ 11 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Heath Terry, Citi’s Global Head of Technology and Communications Research, breaks down the latest OpenAI announcement and what it means for the AI landscape in 2026. Earnings from Broadcom, Costco, Lululemon and RH set the tone for the afternoon. Market gut check with Stephanie Guild, Chief Investment Officer at Robinhood. Christopher Rolland of Susquehanna analyzes Broadcom’s results. Diana Olick reports on U.S. home prices turning negative and Deepak Puri, Chief Investment Officer at Deutsche Bank Wealth Management, on his 2026 market outlook and the strengthening dollar.Heath Terry, Citi’s Global Head of Technology and Communications Research, breaks down the latest OpenAI announcement and what it means for the AI landscape in 2026. Earnings from Broadcom, Costco, Lululemon and RH set the tone for the afternoon. Market gut check with Stephanie Guild, Chief Investment Officer at Robinhood. Christopher Rolland of Susquehanna analyzes Broadcom’s results. Diana Olick reports on U.S. home prices turning negative and Deepak Puri, Chief Investment Officer at Deutsche Bank Wealth Management, on his 2026 market outlook and the strengthening dollar.

Transcript

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0:00.0	Well, that's the end of regulation. Black Hills ringing the closing bell at the New York Stock Exchange.
0:04.3	Park Dental doing the owners at the NASDAQ. A record day for the markets. The Dow soaring more than 600 points to a new record high.
0:11.9	And as the S&P settles here, it looks like we got a record high there as well, 6901 potentially.
0:17.5	So that is a fresh record close. The NASAC, however, falling as Oracle's ears or
0:22.9	Oregon girls' earnings lead to a rotation out of the AI trade. Another record high for the Russell
0:30.1	2000, continuing its climb after Wednesday's Fed rate cut. 52-week highs for both the S&P midcaps
0:36.8	and for the Dow transports as well.
0:39.1	Tech and communication services, the worst performing sectors today.
0:42.2	Materials, financials, health care, those are among the best performing sectors in the S&P.
0:46.6	We've got more on this rotation coming up.
0:49.7	Material stocks getting a boost from precious metals.
0:52.5	Another all-time high for silver. It's just been parabolic.
0:55.0	Big moves lower though in energy. Crude oil off by 1%. That's despite some of the geopolitical
1:02.0	tensions percolating in the Western Hemisphere off the coast of Venezuela and take a look at that decline in that gas.
1:08.0	Coming off after a big run in that commodity as well.
1:11.0	And that's the scorecard on Wall Street, but winner stay late.
1:13.4	Welcome to closing bell overtime.
1:14.5	I'm John Ford alongside Morgan Brennan, and it's another big earnings day here on overtime.
1:19.1	Broadcom results out in just a few minutes.
1:21.7	Will that news goose the AI sell off or propel broadcom into the $2 trillion club?
1:26.9	And we've also got some retail names that are due out.
1:29.9	Costco, Lulu Lemon, R.H.
	...

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