Yahoo Finance·2025-12-08 04:41Market Overview - U.S. stocks experienced a pullback, with the S&P 500 declining 0.3%, marking its second loss in 11 days, yet remaining within 0.6% of its all-time high set in October [1] - The Dow Jones Industrial Average fell by 215 points, or 0.4%, while the Nasdaq composite decreased by 0.1% [1] Company News - Berkshire Hathaway's stock dropped 1.4% following a leadership shake-up, including the departure of Todd Combs from GEICO to JPMorgan Chase and the upcoming retirement of CFO Marc Hamburg [2] - Netflix's shares fell by 3.4% after Paramount announced a $30 per share bid for Warner Bros. Discovery, aiming to outbid Netflix's previous offer [2][3] - Warner Bros. Discovery's stock rose 4.4% in response to the hostile bid from Paramount, while Paramount Skydance's stock increased by 9% [4] Mergers and Acquisitions - IBM announced it would acquire Confluent for $11 billion, leading to a 29.1% surge in Confluent's stock, as the deal aims to enhance AI tool deployment for customers [5] - Carvana's stock jumped 12.1% after the announcement of its inclusion in the S&P 500 index, effective December 22 [6] - CRH's stock rose by 5.9%, while Comfort Systems USA's stock slipped 1.2% after both companies were informed of their upcoming inclusion in the S&P 500 [6] Index Changes - LKQ, Solstice Advanced Materials, and Mohawk Industries will be replaced in the S&P 500 by Carvana, CRH, and Comfort Systems USA due to size reductions [7] - CoreWeave's stock decreased by 2.3% after announcing a $2 billion debt raise, which could be repaid in stock and cash [7]