Stock market today: Tech stocks and AI pull Wall Street to more records
Spain's monarch pays tribute to the victims of Valencia floods in his Christmas Eve speechNEW YORK (AP) — U.S. stock indexes rose to more records Wednesday after tech companies talked up how much of a boost they’re getting from the artificial-intelligence boom. The S&P 500 climbed 0.6% to add to what’s set to be one of its best years of the millennium. It’s the 56th time the index has hit an all-time high this year after climbing in 11 of the last 12 days . The Dow Jones Industrial Average rose 308 points, or 0.7%, while the Nasdaq composite added 1.3% to its own record. Salesforce helped pull the market higher after delivering stronger revenue for the latest quarter than analysts expected, though its profit fell just short. CEO Mark Benioff highlighted the company’s artificial-intelligence offering for customers, saying “the rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale.” The stock price of the company, which helps businesses manage their customers, jumped 11%. Marvell Technology leaped even more after delivering better results than expected, up 23.2%. CEO Matt Murphy said the semiconductor supplier is seeing strong demand from AI and gave a forecast for profit in the upcoming quarter that topped analysts’ expectations. All the optimistic talk helped Nvidia , the company whose chips are powering much of the move into AI, rally 3.5%. It was the strongest force pushing upward on the S&P 500 by far. They helped offset an 8.9% drop for Foot Locker, which reported profit and revenue that fell short of analysts’ expectations. CEO Mary Dillon said the company is taking a more cautious view, and it cut its forecasts for sales and profit this year. Dillon pointed to how keen customers are for discounts and how soft demand has been outside of Thanksgiving week and other key selling periods. Retailers overall have offered mixed signals about how resilient U.S. shoppers can remain. Their spending has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable after the Federal Reserve hiked interest rates to crush inflation. But shoppers are now contending with still-high prices and a slowing job market . This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A narrower report released Wednesday morning suggested employers in the private sector increased their payrolls by less last month than economists expected. Hiring in manufacturing was the weakest since the spring, according to Nela Richardson, chief economist at ADP. The report strengthened traders’ expectations that the Fed will cut its main interest rate again when it meets in two weeks. The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. The central bank had appeared set to continue cutting rates into next year, but the election of Donald Trump has scrambled Wall Street’s expectations somewhat. Trump’s preference for higher tariffs and other policies could lead to higher inflation , which could alter the Fed’s plans . Fed Chair Jerome Powell said Wednesday that the central bank can afford to cut rates cautiously because inflation has slowed from its peak two years ago and the economy remains sturdy. A separate report on Wednesday said health care, finance and other businesses in the U.S. services sector are continuing to grow, but not by as much as before and not by as much as economists expected. One respondent from the construction industry told the survey from the Institute for Supply Management that the Fed’s rate cuts haven't pulled down mortgage rates as much as hoped. Plus, “the unknown effect of tariffs clouds the future.” In the bond market, the yield on the 10-year Treasury fell to 4.18% from 4.23% late Tuesday. On Wall Street, Campbell’s sank 6.2% for one of the S&P 500’s sharper losses despite increasing its dividend and reporting a stronger profit than analysts expected. Its revenue fell short of Wall Street’s expectations, and the National Football League’s Washington Commanders hired Campbell’s CEO Mark Clouse as its team president. Gains for airline stocks helped offset that drop after JetBlue Airways said it saw stronger bookings for travel in November and December following the presidential election. It also said it’s benefiting from lower fuel prices, as well as lower costs due to improved on-time performance. JetBlue jumped 8.3%, while Southwest Airlines climbed 3.5%. All told, the S&P 500 rose 36.61 points to 6,086.49. The Dow climbed 308.51 to 45,014.04, and the Nasdaq composite rallied 254.21 to 19,735.12. In stock markets abroad, South Korea’s Kospi sank 1.4% following a night full of drama in Seoul. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night, prompting troops to surround the parliament. He revoked the martial law declaration six hours later. In the crypto market , bitcoin climbed near $99,000 after Trump said he would nominate Paul Atkins , a cryptocurrency advocate, to chair the Securities and Exchange Commission. AP Writers Matt Ott and Zimo Zhong contributed.
WASHINGTON – as choice for has created an opening for one of the he designated for top posts at the Justice Department – or to other firebrands the president-elect was previously considering. Trump could potentially elevate , who he had already named as deputy attorney general, the department's #2 job. Other candidates included former intelligence official Kash Patel and . “It basically comes down to whoever can demonstrate the most fealty to Trump, and be a Matt Gaetz without the baggage,” said Jeff Breinholt, a former senior lawyer and counterterrorism official at the Justice Department. Gaetz withdrew from consideration on Thursday amid continuing disclosures of damaging testimony from federal and House Ethics Committee probes into allegations of . Gaetz denied the allegations. Here is what we know about potential candidates for attorney general: Blanche and Emil Bove, who was named principal associate deputy attorney general, defended Trump in his and federal investigations over his alleged and . Their delaying strategy held off action in both federal cases until after the election. After Trump’s victory, Justice Department special counsel Jack Smith is under department policy barring prosecution of a sitting president. Despite Trump's conviction on 34 counts of falsifying business records, Blanche represented him aggressively, calling his former lawyer Michael Cohen a liar. Sentencing in the Manhattan conviction has been postponed while District Attorney Alvin Bragg urged a postponement until , while Trump’s lawyers contend the charges should be dropped entirely. Blanche had previously been a federal prosecutor in New York and clerked for two federal judges. "Todd is an excellent attorney who will be a crucial leader in the Justice Department, fixing what has been a broken System of Justice for far too long," Trump said in announcing his choice for deputy attorney general. Lee, who has served 14 years in the Senate and sits on the Judiciary Committee, was considered a top candidate for attorney general before Gaetz was chosen and could potentially face an easier path to confirmation from his fellow senators. Lee was a vocal advocate for Trump during his first term and exchanged emails with Trump’s White House chief of staff, Mark Meadows, conferring over how to challenge the 2020 election results. , Lee voiced “unequivocal support for you to exhaust every legal and constitutional remedy at your disposal,” although the senator ultimately voted to certify Joe Biden's election victory. "He is clearly one of these guys that has great respect in the United States Senate,” said Sen. Mike Rounds, R-S.D. Patel served as a National Security Council official, a senior adviser to the Director of National Intelligence and as chief of staff to the Defense secretary during Trump’s first term. He is also under consideration as FBI director. Patel has frequently posted on social media and made public appearances to support Trump and his agenda since leaving office in 2021, especially in opposing and destroying what both have called the “deep state" of the national security bureaucracy. “We’ve got to put in all American patriots top to bottom,” in one recent post-election interview. Patel said he and Trump administration leaders “will go out and find the conspirators not just in government but in the media” deemed disloyal to Trump. Patel has shown a willingness to do whatever Trump wants of him, but he rubbed a lot of people at the department the wrong way, along with judges in counterterrorism cases, Breinholt said. “Kash was very unpopular with the Judiciary during his time at Justice, so we sent him up to the Hill,” where Patel worked for Rep. Devin Nunes, R-Calif., on the House Intelligence Committee, Breinholt said. Paxton has been who spoke at the former president’s rally near the White House on Jan. 6, 2021, and attended his election night party at Mar-a-Lago. Paxton, who was previously a state lawmaker, has served as Texas attorney general since 2015. He filed 27 lawsuits against the Obama administration during a two-year period, with six cases heard at the Supreme Court. Like Trump, Paxton has been the subject of criminal investigations and an impeachment. He settled a longstanding indictment on charges of securities fraud in March without entering a plea but agreeing to pay $271,000 and performing community service. Paxton was earlier impeached on 20 misconduct charges but the state . “Ken was made to suffer for a long period of time but it worked out very well,” Trump said after the acquittal.OCVarsity video: Steve Fryer and Dan Albano make their predictions for the CIF-SS football championships
The Congress and the Bharatiya Janata Party (BJP) in Madhya Pradesh on Tuesday (December 24, 2024) launched attacks against each other, accusing the other side of insulting Bhimrao Ambedkar. The Congress’ State unit took out protest marches in several parts of the State against Union Home Minister Amit Shah’s recent remarks on Ambedkar in the Parliament . Carrying placards and posters of Ambedkar and raising slogans, party workers who took part in marches in various cities alleged that the senior BJP leader had “insulted” the architect of the Constitution and demanded his resignation. In State capital Bhopal, the march was led by M.P. Congress president Jitu Patwari, Rajya Sabha MP and former Chief Minister Digvijaya Singh, Leader of Opposition Umang Singhar, Rajya Sabha MP Ashok Singh, and Congress Working Committee member Kamleshwar Patel among other leaders. Various other State leaders led the marches in their respective districts. Speaking to reporters during the march, Mr. Patwari alleged that the BJP is anti-Dalit and anti-Constitution. “RSS chiefs have repeatedly raised questions about the Constitution. BJP people have often broken statues and idols of Baba Saheb Ambedkar’s statues and idols. Baba Saheb Ambedkar’s constitution states that all citizens in this country have equal rights to eat, live and live freely, but the BJP even questions that. It becomes clear that basically the BJP is anti-Dalit, anti-Ambedkar, anti-Constitution. Therefore, Amit Shah should resign and (Prime Minister Narendra) Modi ji should apologise to the people of the country,” Mr. Patwari said. Hitting back, Chief Minister Mohan Yadav said in the evening that the Congress had caused pain to Ambedkar when he was alive and even after he was gone. “Congress gave Babasaheb pain at every step. They did not let him win the elections. They themselves took Bharat Ratna and did not even build a memorial for Babasaheb’s contribution... Congress’s feelings for Babasaheb Ambedkar are becoming clear and they are asking us to apologise,” Mr. Yadav said, speaking to reporters. The BJP also shared a video from a recent Congress protest claiming that Mr. Patwari had insulted Ambedkar. In the video, the Congress chief is seen writing something at the back of an Ambedkar poster while resting it on his knee. “They will never get better...Congressmen learned the game of insulting Ambedkar from Nehru ji. Jeetu Patwari proved by placing Ambedkar ji’s picture on his feet in public that Ambedkar ji’s picture is just a piece of paper for him. On the sacred land of Hindustan, Nehru ji and his Congress have always used Ambedkar ji and Dalits for political gains,” former State Minister and senior BJP leader Narottam Mishra said in an X post. In the recently concluded Parliament session, Mr. Shah had said, “ Abhi ek fashion ho gaya hai - Ambedkar, Ambedkar, Ambedkar, Ambedkar, Ambedkar, Ambedkar. Itna naam agar bhagwan ka lete to saat janmon tak swarg mil jata (It has become a fashion to say Ambedkar, Ambedkar, Ambedkar, Ambedkar, Ambedkar, Ambedkar’. If they had taken God’s name so many times, they would have got a place in heaven).” The remarks had created heavy uproar inside the Parliament along with protests in the premises. The Congress has now planned to take the matter to streets in parts of the country. Meanwhile, the Bahujan Samaj Party (BSP) workers also carried out demonstrations against Mr. Shah’s remarks in various districts across the State. The Madhya Pradesh Youth Congress will also carry out foot marches in 53 districts of the State from December 25 to 29. Published - December 25, 2024 02:51 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Madhya Pradesh / Indian National CongressLOS ANGELES (AP) — Londynn Jones scored 15 points, making all five of her 3-pointers, and fifth-ranked UCLA stunned No. 1 South Carolina 77-62 on Sunday, ending the Gamecocks’ overall 43-game winning streak and their run of 33 consecutive road victories. The Gamecocks (5-1) lost for the first time since April 2023, when Caitlin Clark and Iowa beat them in the NCAA Tournament national semifinals. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
House rejects Democratic efforts to force release of Matt Gaetz ethics reportMAPUTO, Mozambique (AP) — Violence that engulfed Mozambique after the country's highest court confirmed ruling Frelimo party presidential candidate Daniel Chapo as the winner of disputed Oct. 9 elections killed at least 21 people, including two police officers, authorities said Tuesday. Mozambique Interior Minister Pascoal Ronda told a news conference in Maputo late Tuesday that a wave of violence and looting was sparked by the court's announcement a day earlier. He said it was led by mostly youthful supporters of losing candidate Venancio Mondlane, who received 24% of the vote, second to Chapo, who got 65%. “From the preliminary survey, in the last 24 hours, 236 acts of violence were recorded throughout the national territory that resulted in 21 deaths, of which two members of the Police of the Republic of Mozambique also died," Ronda said. He said 13 civilians and 12 police were injured. Ronda said 25 vehicles were set on fire, including two police vehicles. He added that 11 police subunits and a penitentiary were attacked and vandalized and 86 inmates were freed. Tensions were high in the country ahead of the The Constitutional Council ruling on Monday and violent protests started immediately after the announcement was made. Footage circulating on various social media platforms showed protesters burning and looting shops in the capital Maputo and the city of Beira, where some city officials were reported to have fled the city. Mondlane has called for a “shutdown” starting Friday but violence in the country has already escalated and the situation remained tense in the capital on Tuesday night following a day of violence and looting by protesters. The country of 34 million people has been on edge since the Oct. 9 general elections . Mondlane’s supporters, mostly hundreds of thousands of young people, have since taken to the streets, and have been met by gunfire from security forces. This brings to more than 150 the number of people who have died from post-election violence since the initial results were announced by the country's electoral body.Joshua Tree too crowded? Try these 3 enchanting desert hikes near L.A.
Published 5:58 pm Sunday, November 24, 2024 By Data Skrive The Monday college basketball slate includes eight games featuring a ranked team in play. Among those contests is the Duke Blue Devils squaring off against the Kansas State Wildcats. Watch women’s college basketball, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. Catch tons of live women’s college basketball , plus original programming, with ESPN+ or the Disney Bundle.
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