Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. Here’s what CNBC TV producers were watching Tuesday and what they’re looking at for the next session Wednesday. Last Fed decision of the year Markets expect the central bank to almost certainly cut interest rates by a quarter of a percentage point on Wednesday, and those expectations are helping to push the stock market toward record highs. The S&P 500 fell slightly on Tuesday, down just over 1 percent from its Oct. 29 record. The Dow fell 180 points, or 1.8% from its Nov. 12 record. The Nasdaq rose Tuesday, up 0.9% in December. The stock is up 1.9% from its October 29 high. But the small-cap Russell 2000 closed at an all-time high. It’s up 13% this year. The yield on the 10-year U.S. Treasury rose on Tuesday, rising nearly 20 basis points this month. Senior Economics Correspondent Steve Reisman will be covering all the headlines and market reaction on Wednesday. Read Oracle The business software giant will report earnings after the bell on Wednesday. Last quarter’s stock market crash saw Oracle stock soar 36%, its best day ever, and its market capitalization briefly exceeded $1 trillion on an intraday basis. But the stock has fallen 36% from that high, and the company’s market capitalization has fallen by $300 billion. Adobe also reported on Wednesday night. The stock price has fallen 2.8% in the past three months. Synopsys stock has fallen 23% since the company announced its earnings three months ago. ORCL 3M Mountain Spillover Effects of the Past 3 Months on Oracle Stock Nvidia Despite the Trump administration giving the green light to the hyperscaler, China reportedly plans to limit the number of H200 AI chips that Nvidia can sell in the country. Nvidia stock, which was up more than 2% after hours on Monday, ended the day slightly lower. The stock is currently up 13% from its all-time high on October 29th. Meanwhile, Chinese stocks were under pressure on Tuesday. The KraneShares CSI China Internet ETF (KWEB) fell 1.3%. iShares China Large-Cap ETF (FXI) fell 1.7%. The iShares MSCI China ETF (MCHI) fell 1.4%. JPMorgan Warns Big bank stocks plunged midday after executives warned of a “more fragile” environment for consumers and the bank shared higher-than-expected 2026 cost forecasts. JPMorgan stock ended the day down more than 4% and is now down nearly 7% from its November record. CNBC’s Leslie Picker spoke with other executives, including Goldman’s CFO and Brookfield’s CEO, at the Goldman Sachs Financial Services Conference. She is scheduled to speak with Bank of America CEO Brian Moynihan and the head of Ares Management on Wednesday. Morgan Stanley, Goldman Sachs, Bank of New York Mellon, Capital One, State Street and Synchrony Financial all hit all-time highs during Tuesday’s trading Citigroup hits its highest since 2008 JPM YTD Mountain JPMorgan Stock Year-to-date Prices Grocery Game Campbell Co. reported earnings before the bell on Tuesday morning amid a rough patch for consumer staples stocks. Soup companies saw sales and profits decline compared to the same period last year due to weak demand for snack foods. It also announced that it would acquire 49% of the shares in pasta sauce maker Rao. The stock has fallen more than 5% and is now down 32% this year. The broader consumer staples sector is up just 1% this year. The best performers this year were Dollar General and Dollar Tree, each up more than 60%. Conagra led the losses, dropping more than 38% in 2025. Clorox was followed by a drop of nearly 38%. and Constellation Brands fell 35%. Investor Day Nuclear power provider GE Vernova held an investor day. After-hours shares rose after the company raised its earnings target and raised its dividend and share buyback plan. The stock had already risen 90% this year, but the after-hours move set a new record. Healthcare provider CVS Health also held an investor day, predicting that profits will be higher than expected next year and in the black as its turnaround efforts take hold. The stock price rose more than 2%, bringing the annual increase to nearly 75%. Stock prices are trending at their best pace since 1982. Home Depot gave weaker-than-expected earnings growth forecasts for next year at its investor day. The stock price fell 1% today. The stock has fallen more than 11% this year and is down 3.5% since its last earnings report three weeks ago. Fueled by gains, Exxon Mobil rose nearly 2%, its best day since July. Oil majors raised expectations for profit and cash flow growth through 2030. Exxon is up about 10% this year. XOM YTD Mountain Aside from the year-to-date price of ExxonMobil stock, gold and silver have hit new year-to-date highs 10 times, surging more than 4% and settling at more than $60 an ounce. “Other” precious metals rose 108% in 2025, on track for their best pace since 1979. Silver miners joined in, with many hitting 52-week highs or higher. Pan American Silver rose 11% to close at a record high. Silvercorp Metals rose nearly 5%, its highest level in nearly five years. Small-cap Integra Resources rose more than 6% to its highest level since early 2022. Meanwhile, gold settled at 0.4%. It’s up 60% this year, also the highest since 1979.
