CNBC Business News Update Market Close: Stocks Finish Narrowly Mixed, Biggest Loser Leads S&P 500, Auto Stocks In The Fast Lane
Dec 26, 2024
The stock market showcased a mixed performance, with the Dow rising while the S&P 500 and Nasdaq slipped. Netflix’s bold move into live NFL broadcasts signals its ongoing evolution. In a surprising twist, Walgreens outperformed expectations amidst broader market challenges. The auto industry is buzzing with Toyota's ambitious goals and Honda’s intriguing merger discussions with Nissan. Additionally, all eyes are on FedEx as it gears up for its earnings announcement.
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Market Overview
- Stocks finished mixed after a back-and-forth day.
- The Dow saw its fifth straight day of gains, while the S&P 500 and Nasdaq experienced minor losses.
Netflix's Evolution
- Netflix's first NFL game broadcast marked a significant step in the company's growth.
- This move contrasts with earlier doubts about Netflix's future.
Stock Leaders and Laggards
- Walgreens, the S&P 500's worst performer this year, saw a gain of over 5%.
- Auto stocks Toyota and Honda also performed well, with Toyota aiming to double its return on equity.