CNBC Business News Update Market Close: Stocks Mixed, Nvidia Hits Fresh Record High, Fubo Shares Soar 250% On Disney Deal 1/6/25
Jan 6, 2025
Discover the latest market movements shaped by political shifts and tech developments. Excitement is in the air with Nvidia reaching new highs and Fubo stocks skyrocketing on a major Disney deal. Tune in for insights on how live streaming services are competing and adapting to external challenges. Plus, learn about strategic partnerships impacting subscriber growth and the buzz surrounding the upcoming Consumer Electronics Show.
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Mixed Market Reaction
- The Dow finished Monday in the red, down 25 points, while the S&P 500 and Nasdaq were up.
- Markets initially rallied on a report about moderate tariffs under the incoming Trump administration but fell when Trump dismissed the report.
Tech Giants and Tariffs
- Big tech companies are interacting with the incoming president, likely due to concerns about potential tariffs.
- Apple CEO Tim Cook reportedly donated $1 million to Trump's inauguration, possibly influenced by tariff concerns.
Tech Donations
- Other tech companies donating to Trump's inauguration include OpenAI, Meta, Amazon, Uber, and Tesla.
- This suggests a broad effort by tech companies to engage with the incoming administration.