"Overall it appears stock sentiment is being dragged lower by financial stocks as big banks continue to unveil their Q4 results and Wall Street is not impressed. The resilient consumer didn't disappoint over the early holiday shopping season, with November retail sales 0.6% vs. the prior month and surpassing economist estimates. Results were also buoyed by strong auto sales in the period."
"Netflix ( Nasdaq; NFLX) stock is getting a bump today as the content streaming giant flexes by potentially overhauling its Warner Bros. offer to an all-cash deal. Separately, Microsoft ( Nasdaq: MSFT) reportedly has been deepening its relationship with AI company Anthropic, doling out approximately $500 million per year on AI to support its solutions. Here's a look at where things stand as of morning trading: Dow Jones Industrial Average: 49,121.06 Down 54.82 (-0.11%) Nasdaq Composite: 23,553.45 Down 164.39 (-0.69%)"
Live coverage updates appear automatically as they are published. Markets are seeing headline-driven movement this morning, with financial stocks dragging overall sentiment amid big banks' Q4 disclosures. November retail sales rose 0.6% month-over-month, surpassing economist estimates and boosted by strong auto sales. President Trump expressed interest in acquiring Greenland for "the purpose of national security." Netflix reportedly may convert its Warner Bros. offer to an all-cash deal, while Microsoft has deepened ties with Anthropic, spending roughly $500 million per year on AI. Major indexes traded lower in early morning activity, and several large banks saw notable stock declines.
Read at 24/7 Wall St.
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