
Wall Street's holiday cheer ended abruptly on Friday, with all three main benchmarks closing lower in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week. The decline ended the Dow Jones Industrial Average's five-session winning streak that had followed a 10-session decline, its worst losing stretch since 1974. According to preliminary data, the S&P 500 lost 65.34 points, or 1.08 per cent, to end at 5,972.25 points, while the Nasdaq Composite lost 294.69 points, or 1.47 per cent, to 19,725.67. The Dow Jones Industrial Average fell 321.73 points, or 0.74 per cent, to 42,992.58. "Today feels like there is quite a bit of profit-taking across the board," said Michael Reynolds, vice president of investment strategy at Glenmede. "We are more than two years into a pretty strong bull market ... so it's really not surprising to see some people taking their profits and rebalancing their portfolios ahead of the new year." The sell-off thwarted the seasonal Santa Claus rally, in which stocks traditionally rise during the last five sessions of December and the first two of January. Since 1969, the S&P 500 has climbed 1.3 per cent on average, according to the Stock Trader's Almanac. Thursday's session hinted at momentum stalling, with both the S&P 500 and Nasdaq posting marginal losses to end multi-session winning runs. Rising US Treasury yields had been catching investors' attention, with the benchmark 10-year note hitting a more than seven-month high in the previous session. The yield hovered close to that mark on Friday, at 4.62 per cent. Higher yields are seen as hampering growth stocks, as they raise borrowing costs for business expansion. These stocks, especially the so-called Magnificent Seven technology megacaps which had been key drivers of the market's 2024 rally, were also caught up in Friday's sell-off. For the second successive day, Tesla led decliners among the group. "We have a higher cost of capital whenever rates go up like this, and they have gone up pretty significantly over the last month or so," said Glenmede's Reynolds. "Investors may just be reassessing the bets they are taking when the cost of capital is higher, perhaps looking at some of the valuations on the Mag 7 and wondering whether they can find better value elsewhere." Most of the 11 major S&P sectors fell. The worst performers on Friday were the three indexes which have been 2024's leading lights: consumer discretionary, information technology and communication services. Despite Friday's travails, all three indexes recorded weekly gains. News events helped some stocks to buck the market sell-off. Amedisys gained after the home health service provider and insurer UnitedHealth extended the deadline to close their $US3.3 billion ($A5.3 billion) merger. Lamb Weston climbed after a filing showed activist investor Jana Partners is working with a sixth executive to push for changes at the French fry maker, a move which could result in a majority of the company's board being replaced. Trading volumes in this holiday-shortened week have been below the average of the last six months and are likely to remain subdued until January 6. The next major focus for markets will be the December employment report due on January 10.
HOUSTON (AP) — C.J. Stroud was far from the only Houston Texan who struggled Sunday in an embarrassing loss to the Tennessee Titans. But it was the second-year quarterback who was the most vocal in taking the blame . “It’s no secret, I haven’t been playing well personally, for my standard,” he said. “I have a couple good drives and plays here, but it’s up and down ... I’ve got to be hard on myself and realize that games can come down to me making plays.” Stroud threw for 247 yards and two touchdowns, but also threw two interceptions as the Texans lost for the third time in four games after a 5-1 start. “I’ve got to just be better, and I know that,” he said. Stroud has thrown five interceptions combined in the past three games to give him nine this season after he had just five in 15 games as a rookie. The Texans (7-5) got a touchdown on an interception return by Jimmie Ward in the third quarter Sunday, but the offense managed only a field goal after halftime as the unit’s second-half struggles continued. Houston’s offense scored 10 points after halftime in a 34-10 win over the Cowboys on Monday night, but has combined for just nine points in the second half of its past three losses. “We have to create positive plays,” coach DeMeco Ryans said. “Too many times, whether it’s run or pass, we have a negative play which kills our drive. First things first, how can we sustain positive plays and build drives? Too many drives were stalled out before we could even get started.” Despite the offensive struggles, the Texans still had a chance to tie the game with less than two minutes to go. But Ka’imi Fairbairn’s 28-yard field goal sailed wide left. What’s working The Texans tied a franchise record with eight sacks Sunday. Danielle Hunter had a season-high three to give him 10 1/2 this season, which leads the team. Will Anderson Jr. added two in his return after missing two games with an ankle injury and has a career-high 9 1/2 this season. Houston ranks second in the NFL with 42 sacks entering Monday. What needs help Houston had just 40 yards rushing Sunday in a game where Joe Mixon had his worst performance of the season. Mixon, who ran for 109 yards and three touchdowns against the Cowboys, had a season-low 22 yards on 14 carries. “They’re a really good front, we knew that going into the game,” Ryans said. “But it doesn’t matter. Every front is good. You have to own the line of scrimmage. You have to be able to control the line of scrimmage and run the ball. We didn’t. We had too many negative plays in the running game.” The performance was Houston’s second-worst rushing game of the season after the team had 38 yards rushing in a loss to Minnesota in Week 3 when Mixon was out with an injury. Stock up Dameon Pierce had three kick returns for 135 yards Sunday, highlighted by an 80-yard return on the opening kickoff that set up Houston’s first touchdown. Stock down There have only been four missed field goals from 28 yards or closer in the NFL this season and Fairbairn has two of them. Fairbairn’s miss Sunday came after he missed a 27-yard attempt in a loss to the Jets. Injuries S Jalen Pitre left Sunday’s game in the second quarter with a shoulder injury. ... CB Ka’dar Hollman left in the fourth quarter with a knee injury. ... OT Blake Fisher missed a second straight game in the concussion protocol. Key number 23% — Houston converted just 3 of 13 third down attempts or 23% of its chances Sunday. Next steps The Texans, who lead the AFC South, will look to regroup to avoid another letdown next week when they visit the Jaguars (2-9), who have lost four in a row. “We made a lot of mistakes,” Hunter said. “We weren’t as locked in as we should have been. The biggest thing is just learning from this and just moving on to the next game.” Houston has its bye after facing Jacksonville before playing the Dolphins, Chiefs and Ravens in a 10-day stretch from Dec. 15-25. ___ AP NFL:
Mocha Mousse and the real value of brown foodsFormer US President Jimmy Carter passed away at the age of 100 on Sunday (US local time) at his home in Plains, Georgia, as reported by the Washington Post, citing his son James E Carter III. Carter's son confirmed his death but did not provide an immediate cause. According to the Carter Center’s statement from February 2023, after a series of hospital stays, the former US President decided to stop further medical treatment and spend his remaining time at home under hospice care. In recent years, he had been treated for an aggressive form of melanoma skin cancer, with tumors that spread to his liver and brain. The Washington Post also noted that Carter was last photographed outside his home with family and friends on October 1, as he watched a flyover held to mark his 100th birthday. Throughout his lifetime, Jimmy Carter wore many hats. He was a small-town peanut farmer, a US Navy veteran, and the governor of Georgia from 1971 to 1975. He became the first president from the Deep South since 1837 and the only Democrat elected president between Lyndon B Johnson and Bill Clinton's terms in the White House. As the 39th President of the US, Carter is remembered for achieving the signing of the Camp David Accords, which led to the first significant Israeli withdrawal from territory captured in the Six-Day War of 1967 and a peace treaty between Israel and Egypt that has endured. In recognition of his efforts, Carter was awarded the Nobel Peace Prize for "his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development," according to the Nobel Prize statement. The Washington Post report also highlighted Carter's role in pushing through the Panama Canal treaties, which placed the critical waterway under Panamanian control, improving US relations with Latin American neighbors. Taking advantage of the opening made by US President Richard Nixon, Carter granted full diplomatic recognition to China and made human rights a central theme of American foreign policy, the report added. (Except for the headline, this story has not been edited by DNA staff and is published from ANI)
I'd buy 30,434 shares of this UK dividend stock to target £175 a month in passive incomeThe Bank of Scotland’s business barometer poll showed 73% of Scottish businesses expect to see turnover increase in 2025, up from 60% polled in 2023. Almost a quarter (23%) of businesses expect to see their revenue rise by between six and 10% over the next 12 months, with just over a fifth (21%) expecting it to grow by even more. The poll found that 70% of businesses were confident they would become more profitable in 2025, a two per cent increase when compared with the previous year. Revenue and profitability growth was firms’ top priority at 52%, though 40% said they will be targeting improved productivity, and the same proportion said they will be aiming to enhance their technology – such as automation or AI – or upskill their staff (both 29%). More than one in five (22%) want to improve their environmental sustainability. Other areas businesses are hoping to build upon AI-assisted technology (19%), and 24% will be investing in expanding into new UK markets and 23% plan to invest in staff training. The business barometer has surveyed 1,200 businesses every month since 2002, providing early signals about UK economic trends. Martyn Kendrick, Scotland director at Bank of Scotland commercial banking, said: “Scottish businesses are looking ahead to 2025 with stronger growth expectations, and setting out clear plans to drive this expansion through investments in new technology, new markets and their own teams. “As we enter the new year, we’ll continue to by their side to help them pursue their ambitions and seize all opportunities that lie ahead.”
'Damn fine journo and a gentleman': Veteran TV3 news reporter dies
Utah Hockey Club walks to arena after bus gets stuck in Toronto trafficAP Sports SummaryBrief at 11:00 p.m. EST
Four Canadian women honoured in World Rugby's Dream Teams of the YearColeen Rooney reveals remark Trump made about her at White House meeting
Four Canadian women honoured in World Rugby's Dream Teams of the YearBoeing airplanes are now coming into a wave of online storm, originating from the disastrous Jeju Air plane crash in South Korea , followed by a group of other incidents that are sparking global concerns about the safety of the planes made by the aviation giants. The plane involved in the South Korea crash was a Boeing 737-800, a precursor to the 737 Max, and according to latest reports, nearly 200 airlines use the 737-800 across the globe, which is becoming a concerning factor for passengers now. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for Global fleet of Boeing planes under scrutiny Across thousands of passenger planes flying globally, at least 4000-plus aircrafts are Boeing 737-800s. Although this Boeing series an advanced series, but it has recently been in the wave of complaints and multiple incidents happening across the globe. Asia, Europe and North America are some of the major continents where Boeing airplanes are used, especially the 737-800 series, says an NYT report. Boeing claims planes are safe, but is it really? Even though Boeing officials claim that this aircraft series has a good safety record, some of the latest incidents are putting major airline companies in a sport of worry. The age of the global fleet of this airplane series ranger between 5 years to 27 years, with the 17-plus year olds mostly in hangars or are being scrapped or grounded. The Jeju Air plane that crashed in South Korea was 15 years old, says the flight tracking website Flightradar24. Even though air travel still remains one of the safest mode of transportation across the world, Boeing planes, be it in the US, Australia, Canada, South Korea and other regions are constantly facing hassle in terms of flight safety, accident scares, and even crashes. FAQs: What is bird strike on an airplane? A bird strike can be hazardous to aircraft safety and jets are especially vulnerable to loss of power if birds are sucked into the twin engines, potentially causing a crash-like situation. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrows Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program Has a Boeing 737-800 flight crashed? A Boeing 737-800 flight has crashed in South Korea recently, claiming the lives of more than 120 passengers. (You can now subscribe to our Economic Times WhatsApp channel )
None