Despite Spiralling Inflation Rate, Banks Maintain Modest Cost-to-Income RatioTech companies led a broad rally for U.S. stocks Tuesday, a boost for the market in a holiday-shortened trading session. The S&P 500 rose 0.7%. The Dow Jones Industrial Average was up 177 points, or 0.4%, as of 11:20 a.m. Eastern time. The tech-heavy Nasdaq composite was up 1%. Chip company Broadcom rose 2.6%, while semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 1.1%. Super Micro Computer jumped 4.6%. Tesla climbed 5.2% for the biggest gain among S&P 500 stocks. Amazon.com rose 1.5% American Airlines slipped 0.4% after the airline briefly grounded flights nationwide due to a technical issue. U.S. Steel edged up 0.1% a day after an influential government panel failed to reach consensus on the possible national security risks of the nearly $15 billion proposed sale to Nippon Steel of Japan. NeueHealth surged 70.1% after the health care company agreed to be taken private in a deal valued at roughly $1.3 billion. Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.62% from 4.59% late Monday. European markets were mostly higher. Markets in Asia mostly gained ground. U.S. markets will close at 1 p.m. Eastern and stay closed Wednesday for Christmas. Wall Street has several economic reports to look forward to this week, including a weekly update on unemployment benefits on Thursday. Tuesday’s rally comes as the stock market enters what’s historically been a very cheerful season. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. The so-called “Santa rally” also correlates closely with positive returns in January and the upcoming year. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Even so, the stock market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up about 26% so far this year and remains within roughly 1.3% of the all-time high it set earlier this month — its latest of 57 record highs this year.Joe Biden, Donald Trump and More Pay Tribute to Jimmy Carter: “An Extraordinary Leader, Statesman and Humanitarian”
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It's harder now than ever to win on the PGA Tour. The depth of professional golf has only grown in recent years, and a new wave of young stars enters the sport every year and makes their mark on the PGA Tour. In 2024, there were 15-first-time winners, meaning almost 33 percent of all Tour events were won by first timers. Then there was Scottie Scheffler, who won seven PGA Tour events in addition to his win at the Olympics and Hero World Challenge. Xander Schauffele won a pair of majors. Rory McIlroy won the Wells Fargo for the fourth time. However, not every star has lifted a trophy recently. Some are adding the years since they won. Here's a look at some PGA Tour stars who are looking to end lengthy win droughts in 2025. It's coming up on two years since Burns took down good friend Scottie Scheffler in the semis at the WGC-Dell Technologies Match Play in 2023 before a thrilling final against Cam Young, but the 19th ranked golfer in the world has yet to win since. Perhaps 2025 can be the year he gets PGA Tour win No. 6. The eight-time PGA Tour winner captured the 2022 BMW Championship, defending his title at the event. But heading into 2025, Cantlay is creeping up on three years without a victory and recently fell outside of the top 10 in the OWGR for the first time since June of 2021. Finau went through a stretch in 2022-23 where he won four times in 19 starts, including three wins in a seven-start stretch the latter half of 2022. But he hasn't won since the 2023 Mexico Open and is recovering from recent knee surgery. Hovland won the FedEx Cup and Tour Championship in 2023, and since then, it has been a spiral. He missed the cut in three of the four majors in 2024, though he seemed to find his groove toward the end of the year. He recently broke his pinky toe, however, and will try to play through the pain at The Sentry. Homa won on the DP World Tour late last year and had a strong week defending earlier this month, but his last PGA Tour win came nearly two years ago at the 2023 Farmers. Perhaps the West Coast Swing can result in another win for the California kid. It's hard to believe, but Adam Scott is coming up on five years since his last PGA Tour win at the 2020 Genesis Invitational. He's ranked 18th in the world thanks to a strong stretch of golf in 2024, but does the Aussie have a few more Ws in him? Who knows what to expect from Spieth in 2025 after wrist surgery in late August. He hasn't won since the 2022 RBC Heritage, including a playoff loss to Matt Fitzpatrick in the same event a year later. Last but not least, Thomas hasn't won since capturing his second major at the 2022 PGA Championship at Southern Hills. However, of all golfers on this list, it wouldn't be a surprise to see him win early in 2025. His last two starts of 2024? T-2 at the Zozo and solo third at the Hero.Global Life Science Reagents Market Set For 7.2% Growth, Reaching $69.03 Billion By 2028