US Stocks End Week Lower Despite Energy Sector Gains

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribebut still ended the week lower. The S&P 500 Energy sector bucked the trend, and is up more than 3% for the week. Europe'sfrom a nearly new Boeing 737 Max 9 operated by Alaska Airlines.

Sales of foreign phone brands in China came in at 3.04 million units in November, according to CNBC calculations based on data from the China Academy of Information and Communications Technology. That represents a 47.4% plunge from November 2023, suggesting brands like. Over half of the expected AI infrastructure spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote. Microsoft's 2025 fiscal year ends in June.this week are minutes for the U.S.

This means the so-called Santa Claus Rally, a phenomenon in which stocks climb during the last five trading days of the year and the first two of the next, didn't descend on markets this year.That said, putting too much faith in such signals may be the adult equivalent of believing that it's really Santa putting a PlayStation under the tree because we were nice children.

And just as we grew older and realized it was money that begot us gifts, it behooves us to remember that the stock market is a bet on how much cash companies can bring in.' David Lefkowitz, the bank's chief investment officer of U.S. equities, is feeling optimistic."We expect the bull market to continue with the S&P 500 reaching 6,600 by the end of the year, primarily driven by healthy profit growth of 9%," Lefkowitz wrote in a recent note.

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