Market Overview - U.S. stocks traded mostly lower, with the Dow Jones index falling more than 250 points, down 0.52% to 48,164.83, NASDAQ down 0.37% to 22,971.25, and S&P 500 down 0.56% to 6,778.08 [1] - European shares were lower, with the eurozone's STOXX 600 slipping 0.64%, Spain's IBEX 35 Index down 0.69%, London's FTSE 100 down 0.92%, Germany's DAX 40 down 0.85%, and France's CAC 40 declining 0.40% [5] - Asian markets closed lower, with Japan's Nikkei falling 1.56%, Hong Kong's Hang Seng down 1.54%, China's Shanghai Composite down 1.11%, and India's BSE Sensex down 0.63% [6] Economic Indicators - U.S. retail sales were flat for October compared to September, down from a revised 0.1% gain in the previous month and below market estimates of 0.1% growth [7] - The U.S. economy added 64,000 jobs in November, compared to a loss of 105,000 in the previous month and above market estimates of a 50,000 increase [9] - The U.S. unemployment rate rose to 4.6% in November from 4.3% in the previous month, marking the highest reading since September 2021 [9] - Average hourly earnings rose by 0.1% month-over-month to $36.86 in November, compared to a 0.4% rise in the previous month [9] - U.S. business inventories increased 0.2% month-over-month in September, in line with market estimates [9] - The S&P Global flash composite PMI declined to 53 in December, the lowest reading in six months, down from 54.2 in November [2][9] Commodity Market - In commodity news, oil traded down 2.9% to $55.17, while gold traded up 0.5% at $4,357.00 [4] Company News - SRx Health Solutions Inc shares surged 92% to $0.59 after announcing an agreement to acquire EMJ Crypto Technologies [8] - Rezolve AI PLC shares rose 34% to $3.12 following preliminary December revenue results [8] - Cementos Pacasmayo SAA shares increased 48% to $10.25 after Holcim signed an agreement to purchase 50.01% of the company's owner [8] - Zynex Inc shares dropped 53% to $0.31 after entering Chapter 11 court-supervised financial restructuring [8] - Lightwave Logic Inc shares fell 19% to $3.05 after announcing the pricing of an 11.67 million share common stock offering [8] - Navan Inc shares decreased 17% to $12.21 after reporting third-quarter results [8]

Lot of catch up on the data front today. Got some more right now with Rick Santelli. Hi again Rick. >> Hi Carl.Business inventories. [music] This September number expecting that number to increase by onetenth of a percent comes in up 210. Up 210.Now it's interesting. This is the third reading of up 2/10 in this data series. It equals where we were in June and Feb to find a higher number.You're going to January which was the high water mark of the year. Up 4/10. We do see rather sticky behavior on the long e ...

Business Inventories - Business inventories remained unchanged for the second consecutive month in May [1] - January, February, and March saw increases of 04% (four-tenths), 02% (two-tenths), and 01% (one-tenth) respectively, suggesting earlier inventory build-up [1] - The industry is closely monitoring inventory levels to determine if excess inventory exists and whether sales can reduce it [2] Homebuilder Sentiment - The National Association of Home Builders (NAHB) sentiment index rose one point to 38 in July [3] - An index value below 50 is considered negative, and the index has been negative for 15 consecutive months [3] - 38% of builders reported cutting prices in July, the highest share since NAHB began tracking this in 2022 [4] - Current sales conditions rose one point to 36, sales expectations for the next 6 months increased three points to 43, and buyer traffic dropped one point to 20, the lowest since the end of 2022 [4][5] - Regionally, builder sentiment was strongest in the Northeast (rose one point), flat in the Midwest, and weakest in the South and West [5] Factors Affecting Homebuilder Sentiment - The recently passed budget act, providing tax relief for households, homebuilders, and small businesses, contributed to a slight boost in sentiment [4] - Elevated interest rates continue to be a major headwind, impacting affordability [4]

Morning, Carl. April business inventories expected to be unchanged arrived exactly as expected, unchanged. And here's what's fascinating.If you look at January, up 4/10. You look at February, up 2/10. You look at last month, up one/10enth, now unchanged.And this is the first month of the second quarter. And we see that the inventory build is coming the other way because of pulling forward. So, it does make sense.And of course, this number at zero isn't going to really contribute much to GDP, although we hav ...