5 things to know before the stock market opens on Friday

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.

Here are five important things investors need to know to start their trading day.

of S&P500 and Dow Jones Industrial Average Investors jumped into old economy and blue-chip stocks yesterday, pushing them to new closing highs. of Nasdaq Composite withdrew from the rally after its stock price fell 11%. oracle sparked a recent wave of concerns about spending on artificial intelligence.

Here’s what you need to know:

Oracle’s performance led traders to question the company’s AI investments, and Oracle stock ended a seven-day winning streak and suffered its worst day since January. This left a broader negative impact on AI for investors. Nvidia, coreweave and micron But as AI stocks slumped, investors poured money into more cyclical stocks such as financial institutions and insurance companies. This morning, stocks fell. broadcom The company was down nearly 6% before the bell despite beating expectations on both lines yesterday. The company told investors it expects AI chip sales to double this quarter compared to a year ago. It also revealed that its mysterious $10 billion customer is Anthropic. Hundreds of miles away from Wall Street, President Donald Trump last night signed an executive order establishing a single national regulatory standard for AI that would curb the regulatory power of states. Follow us here for live market updates.

Another day, another CEO leaving. lululemon Yesterday, CEO Calvin MacDonald announced that he will step down at the end of January. He will be replaced by two executives on an interim basis while the Canadian retailer searches for a permanent successor.

Lululemon reported better-than-expected earnings in the third quarter, but as CNBC’s Gabriel Fonrouge points out, the company has been underperforming for more than a year. The athleisure retailer’s stock rose more than 9% this morning.

costco It also beat Wall Street expectations in the first quarter, driven in part by growth in e-commerce. Warehouse Club said Black Friday was a record day for its digital business.

Meet Mickey Mouse, ChatGPT. disney Yesterday, we announced a $1 billion equity investment in OpenAI. Under the agreement, users of OpenAI’s Sora video platform will be able to create content featuring the entertainment giant’s copyrighted material, including more than 200 characters from the Disney universe.

Disney CEO Bob Iger told CNBC that the partnership will give the company a “pathway” into AI and allow it to reach younger consumers. OpenAI CEO Sam Altman said there will be restrictions on the use of Disney characters in Sora videos.

Yesterday also marked OpenAI’s 10th anniversary. CNBC’s Mackenzie Sigalos explores the company’s transformation from a small nonprofit research lab to today’s fast-growing business.

After the United States seized a tanker off the coast of Venezuela, a White House official told CNBC yesterday that President Trump is prepared to do it again. White House press secretary Caroline Levitt also said the tanker would be taken to a U.S. port where its oil would be seized.

CNBC’s Lori Ann LaRocco discovered that the tanker in question, identified as “Captain,” had concealed its location multiple times since last year. Data shows the company has been transporting sanctioned oil from Iran and Venezuela since 2022.

Now, protein. Fiber is gaining increasing attention as shoppers focus on their gut health.

The data shows that 22% of consumers cite high fiber content as a top three factor when shopping, compared to 17% four years ago. On social media, kids are calling it “Fiber Max.”

As a result, the following companies: coca cola CNBC’s Raya Neelakandan reported that Nestlé and Nestlé are developing fiber-based beverages. pepsico He also told CNBC that he plans to launch high-fiber versions of Smart Food and Sun Chips next year.

Here are some articles I recommend making time for this weekend.

—CNBC’s Sean Conlon, Jordan Nove, Tasmin Lockwood, Jennifer Elias, Kif Leswing, Mackenzie Cigarros, Gabriel Fonrouge, Melissa Repko, Ashley Caputo, Kevin Browninger, Spencer Kimball, Lori Ann LaRocco, Justin Papp, Eamon Javers and Raya Neelakandan contributed to this report. Josephine Rozzelle edited this version.