DJIA Declines 215 Points Before Fed Meeting; Paramount Surges 9% in Ongoing Acquisition Fight

Stock Market Reaction: U.S. stocks closed lower on Monday as investors anticipated interest rate cuts from the Fed, with the DJIA down 0.5%, S&P 500 down 0.4%, and Nasdaq down 0.1%.

Paramount's Hostile Takeover Bid: Paramount Skydance launched a hostile takeover bid for Warner Bros. Discovery worth up to $108.4 billion, causing Warner Bros. shares to rise by 4.4% while Netflix's shares fell by 3.4%.

Jobless Claims Update: Initial Jobless Claims in the U.S. for November 29 were reported at 191K, lower than the previous 218K and below the forecast of 220K.

Nvidia and Chip Stocks: The U.S. Department of Commerce is expected to approve Nvidia's export of H200 chips to China, boosting Nvidia's stock by 1.7%, while Broadcom and Microsoft are in talks for customized chips, leading to gains for both companies.