12:08 PM EST, 12/16/2025 (MT Newswires) -- All three major US stock indexes were pointing lower in late-morning trading on Tuesday, as investors digested the November jobs report.
The unemployment rate rose to 4.6% in November from 4.4% in September, compared with a 4.5% rate expected, while the labor force participation rate rose to 62.5% from 62.4% in September. October data are not available due to the government shutdown, the Bureau of Labor Statistics said.
In company news, Pfizer (PFE) fell 4.9% in recent trading after the company reaffirmed its adjusted diluted earnings per share guidance of $3 to $3.15 while revising its revenue projection to about $62 billion, compared with the previous outlook range of $61 billion to $64 billion.
Apple (AAPL) is planning to expand its iPhone lineup by offering at least seven new models, instead of the usual five, by fall of 2027, The Information reported, adding that among the new products that will be released is a foldable iPhone, expected in fall of 2026. Shares were 0.1% down.
Microsoft (MSFT)-backed (MSFT) OpenAI's recent deal to license Walt Disney (DIS) characters for its Sora video app is entirely in stock warrants instead of a cash licensing fee, Bloomberg News reported. Microsoft (MSFT) added 0.1% while Disney (DIS) was up 1.1% in recent trading.
Netflix (NFLX) will stream more than 15 exclusive podcasts from iHeartMedia (IHRT) under an exclusive partnership starting in early 2026 in the US, with iHeartMedia retaining audio-only rights and distribution for the shows. Netflix (NFLX) rose 0.8% and iHeartMedia added 5.4% in recent trading.
The Kraft Heinz Company (KHC) rose nearly 1% after it said it named Steve Cahillane chief executive officer starting Jan. 1, 2026. He will also join the board and will be the CEO of Global Taste Elevation Co. after Kraft Heinz's (KHC) planned separation into two public companies.
Tesla (TSLA) Chief Executive Elon Musk is now worth about $638 billion after SpaceX reached a roughly $800 billion valuation in an insider share sale, Bloomberg News reported. Tesla shares were 1% higher.
Price: 475.00, Change: +0.18, Percent Change: +0.04
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
Print
