The daily newsletter, Stocks @ Night, offers insights on market movements, providing timely updates both for the end of today and what to expect tomorrow. On Wednesday, the producers at CNBC were focused on the Dow Jones Industrial Average, which made history by closing above $48,000 for the first time, ending at $48,255. This marks an overall increase of nearly 3% over just three days. Notable gains during this period include a 6.7% rise for Goldman Sachs, 6% for Merck, and 5.3% for Disney.
The Worldwide Exchange, starting at 5 a.m. ET, will highlight large-cap stocks, so it’s worth tuning in. Disney is scheduled to report early Thursday on “Squawk Box” with hosts Becky Quick, Andrew Ross Sorkin, and Joe Kernen, featuring CFO Hugh Johnston and Julia Boorstin as well. Since the last earnings call, Disney’s stock has appreciated by 2.6%. It’s also nearly 7% up from its 52-week high recorded on June 30. Year over year, the stock has increased by 15.5% and is up 4.8% so far this year, placing it 21st in the Dow 30’s performance for 2025.
Meanwhile, the House of Representatives is poised to vote on a bill aimed at reopening the government, although the timeline for normalization may be extended. Over the past 42 days, airline stocks have varied: United Airlines has seen a 3.6% gain since the government shutdown began; Delta Air Lines is up 6.6%; American Airlines has spiked by 20%, while JetBlue has dropped 11%. Southwest Airlines gained nearly 5% during this timeframe, but Alaska Airlines has fallen 13% since October 1st.
In the luxury sector, JPMorgan will host a conference in Paris focusing on luxury stocks. Hermès is currently down 25% from its peak around Valentine’s Day, although it experienced a 5% rise over three days. Richemont, known for its luxury brands like Cartier, saw its stock price reach an all-time high on Tuesday, climbing 6.6% in three days and 27% over three months. Kering, owner of Gucci and Saint Laurent, has seen an 11% decline from its October peak, but its stock rose 7% in the past five days. LVMH is 5% off its January high, yet recorded a 7% jump in three days. Burberry released an early report this morning, showing a 10% gain from its July high, and a 9% rise in three days. Prada stands out with a 31% increase since February 14, accompanied by a 9% rise in the same three-day period.
