Dow slips from 30K | Stocks still headed for big monthly gains | Slack shares surge

Even the market needs to take a breather every now and then.

VIEW IN BROWSER | SUBSCRIBE WED, NOV 25, 2020 EVENING BRIEF AS OF WED, NOV 25, 2020 • 04:22 ET DJIA 29872.47 -0.58% -173.77 S&P 500 3629.65 -0.16% -5.76 NASDAQ 12094.40 +0.47% +57.08   Most Active DOW NAME LAST CHG %CHG AAPL 116.03 +0.86 +0.75% INTC 47.05 +0.04 +0.09% CRM 246.82 -14.02 -5.37% S&P 500 NAME LAST CHG %CHG GE 10.50 +0.05 +0.48% AAL 14.94 +0.12 +0.81% F 9.08 -0.37 -3.92% NASDAQ NAME LAST CHG %CHG AAPL 116.03 +0.86 +0.75% TSLA 574.00 +18.62 +3.35% AMD 86.71 +1.64 +1.93%   EDITOR'S NOTE Even the market needs to take a breather every now and then.   The Dow Jones Industrial Average and S&P 500 closed lower on Wednesday, giving back a small portion of the gains that lifted them into record territory the day before. The Nasdaq Composite, meanwhile, eked out a small gain.   Disappointing unemployment data kept market sentiment in check. The Labor Department said that 778,000 people filed for first-time unemployment benefits last week. Economists polled by Dow Jones expected initial jobless claims to come in at 733,000. Wednesday's decline wasn't enough to derail what could be a historic month for the Dow. The benchmark was still on track for its best monthly gain since 1987. The small-cap Russell 2000, which dipped 0.5% on Wednesday, remained on pace for its biggest one-month advance ever, up about 20%.   Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  Dow pulls back more than 150 points after reaching 30,000 milestone The CDC is expected to shorten Covid quarantine time, something most everyone seems to agree on New York Gov. Cuomo says 'states are broke' and need federal funding to distribute Covid vaccine Coronavirus live updates: Hospitalization surge in Midwest; Thanksgiving set to accelerate spread in U.S. Salesforce is in talks to buy Slack, deal could be announced next week Weekly jobless claims higher than expected as labor market takes hit from rising Covid cases Fed weighed adjusting bond purchases to provide more help to economy 'fairly soon,' minutes show With Yellen in line to lead Treasury, here are other economic posts Biden transition team could name next week Delta pilots approve cost-cutting measures to avoid furloughs until 2022 Trump pardons Michael Flynn, former national security advisor who admitted lying to FBI   TOP VIDEO Salesforce acquiring Slack would be a 'no brainer,' 'home-run': Josh Brown   CNBC PRO These stocks will be the big winners from likely record e-commerce holiday sales, Jefferies says   SPECIAL REPORTS Goldman Sachs bankers are using flying drones to help clinch billion-dollar M&A deals Jewelry sales staging a holiday comeback as shoppers look to add sparkle to challenging year   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS