U.S. stocks tiptoed to more records amid a mixed Tuesday of trading, tacking a touch more onto what’s already been a stellar year so far. The S&P 500 edged up by 2 points, or less than 0.1%, to set an all-time high for the 55th time this year. It’s climbed in 10 of the last 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker. announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must The judge denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 to 44,705.53, and the Nasdaq composite gained 76.96 to 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump’s preferences for and could spur along with economic growth. But traders are still confident the will at its next meeting in two weeks. They’re betting on a nearly three-in-four chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. The key report this week that could guide the Fed’s next move will arrive on Friday. It’s the , which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October. Based on trading in the options market, Friday’s jobs report appears to be the biggest potential market mover until the Fed announces its next decision on interest rates Dec. 18, according to strategists at Barclays Capital. In financial markets abroad, the value of South Korea’s currency fell 1.1% against the U.S. dollar following a frenetic night where and then later said he’d lift it after lawmakers voted to reject military rule. Stocks of Korean companies that trade in the United States also fell, including a 1.6% drop for SK Telecom. Japan’s Nikkei 225 jumped 1.9% to help lead global markets. Some analysts think Japanese stocks could end up benefiting from Trump’s threats , including for goods . Trade relations between the U.S. and China took another step backward after China said it is banning exports to the U.S. of gallium, germanium, antimony and other key high-tech materials with potential military applications. The counterpunch came swiftly after the U.S. Commerce Department expanded the list of Chinese technology companies to include many that make equipment used to make computer chips, chipmaking tools and software. The newly included in the so-called “entity list” are nearly all based in China. In China, stock indexes rose 1% in Hong Kong and 0.4% in Shanghai amid unconfirmed reports that Chinese leaders would meet next week to discuss planning for the coming year. Investors are hoping it may bring fresh stimulus to help spur growth in the world’s second-largest economy. In France, the CAC 40 rose 0.3% amid continued worries about , where the government is battling over the budget. ___ AP Business Writers Yuri Kageyama and Matt Ott contributed. U.S. stocks tiptoed to more records amid a mixed Tuesday The Madera County Economic Development Commission (MCEDC) announced the appointment Fresno Mayor Jerry Dyer held a ceremony on Wednesday to Clovis-based Provost & Pritchard Consulting Group has purchased the former
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HERENTALS, Belgium (AP) — Two-time Olympic champion Remco Evenepoel sustained multiple fractures, a dislocated collarbone and lung contusions when he crashed into a vehicle while training in Belgium on Tuesday. The 24-year-old Evenepoel broke his right shoulder blade, right hand and a rib, his Soudal Quick-Step team said. He was scheduled for surgery after further examinations revealed "contusions on both lungs and a luxation of the clavicle.” “The clavicle will be operated on this evening, which if successful, should allow Remco to leave hospital tomorrow,” the team said in an update Tuesday night. “There will then be a two-week period of immobilization required following this, after which a plan for his return to training can be made.” Evenepoel had been treated at a hospital in Anderlecht before being moved to a facility in Herentals. Belgian media reported Evenepoel was unable to avoid the door of a post office vehicle when it was swung open. He never lost consciousness, but the impact was heavy enough to break the frame of his bicycle. Photographs online showed Evenepoel sitting beside an ambulance, wrapped in a blanket and holding his arm. Story continues below video Evenepoel was the first cyclist to sweep the road race and time trial at an Olympic Games when he triumphed in both in Paris in August. A two-time world champion, Evenepoel also won the Spanish Vuelta in 2022 and finished third in the Tour de France this year. “He was lying on the ground for a while,” said Bart De Pelseneer, who has a butcher’s shop nearby. “It was clearly a heavy blow. The door of the postal car was also completely twisted. His bike was completely broken, they folded it up like a wheelchair. “When I went to look, he looked deathly pale. The emergency services gave him a Coke. His wife, Oumi, was here at about the same time as the emergency services.” AP cycling: https://apnews.com/hub/cyclingTop 10 movies of 2024: In a time of scoundrels, ‘Brutalist,’ ‘Challengers’ and the movie about the exotic dancer
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