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2025-01-25
Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow rose 1% as it nudged past its most recent high set last week, and the Nasdaq composite rose 0.2%. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump’s victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It’s now within about 0.5% of its all-time high set last week. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts’ third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company’s Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. All told, the S&P 500 rose 20.63 points to 5,969.34. The Dow climbed 426.16 points to 44,296.51, and the Nasdaq picked up 42.65 points to close at 2,406.67. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation’s largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts’ expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan’s consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It’s still up from 70.5 in October. The survey also showed that consumers’ inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed’s preferred measure of inflation and this will be the last PCE reading prior to the central bank’s meeting in December.How to Watch the Mavericks vs. Timberwolves Game: Streaming & TV Channel Info for December 25is calico cat lucky



Volato Group Announces Resolution of Non-Compliance with the NYSE American RulesThis past Saturday’s South Carolina 400 at Florence Motor Speedway was the most highly anticipated Late Model Stocks race this year, thanks to Dale Earnhardt Jr. making his return behind the wheel of the No. 8 Budweiser Chevrolet for the first time since 2007. Unfortunately, the event was snake bitten by technical issues on the FloRacing broadcast. At multiple times throughout the race, the audio cut out, the stream cut out and sometimes, both happened at the same time. Earnhardt discussed the broadcast issues during Monday’s “ Dale Jr. Download ,” asking fans to go easy on FloRacing “because they are the only ones really that are trying to bring this content to us.” “Hopefully people aren’t too hard on Flo because they are the only ones really that are trying to bring this content to us,” Earnhardt said. “... I can watch multiple weekly shows with multiple tablets, my phone, my iPad, my Apple TV or whatever it is, my Smart TV — I can watch three or four shows a night on any given weekend. It’s awesome.” The broadcast booth lost power at one point, leaving Eric Brennan and Blake McCandless without the ability to call the race. To finish out the race, James Pike took up the mantle. The FloRacing pit reporter suddenly had to handle play-by-play and color commentator duties all at once. He had to do it with quite the setup, too. From on top of a trailer in the infield, Pike delivered the race for fans at home. One man with a microphone, his IFB comms and the Race Monitor app to keep track of the running order. Dale Earnhardt Jr.’s run at Florence goes sideways late in race NASCAR Productions issued an apology for the issues with the FloRacing broadcast. “NASCAR Productions is aware of the ongoing issues related to the live stream of the South Carolina 400 and is working diligently to resolve them. We apologize for these challenges during what we understand is a highly anticipated event,” NASCAR Productions wrote in a statement on X. As for Earnhardt’s performance at Florence, the NASCAR Hall of Famer started the race in the 37th position and worked his way up to second behind eventual race winner Treyten Lapcevich. Earnhardt had a car capable of taking the checkered flag, but a fuel pump issue on Lap 219 brought his run to an early end. He officially finished 28th. “I felt great about the car,” Earnhardt said after the race, via NASCAR.com . “Picked them off as I could. The car was excellent, and a lot of guys were starting to struggle with the balance of their car. For the second half, we were going to sit there in second. When it was time to start pressuring [Lapcevich], I could probably get him loose, drive off the corner and beat him. “It was about time to turn it on and then the fuel pump broke.” On3’s Jonathan Howard contributed to this article. This article first appeared on 5 GOATs and was syndicated with permission.None

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Todd Grantham is leaving the staff of the NFL's Saints to become the defensive coordinator at Oklahoma State, New Orleans interim coach Darren Rizzi said Monday. Grantham has been defensive coordinator for the Cleveland Browns in the NFL and for Georgia, Louisville, Mississippi State and Florida at the college level. “He made the decision he wanted to get back into the college game," Rizzi said. “He’s obviously been a coordinator before at a couple of really good college programs. (Oklahoma State coach) Mike Gundy’s getting a great coach, and congratulations to Todd.” An Oklahoma State spokesperson would not comment on the situation. Grantham started this season as a defensive line coach for the Saints. After Rizzi took over following the firing of Dennis Allen, who’d previously overseen the defense, Grantham was moved into the role of senior defensive advisor so he could assist coordinator Joe Woods with the defensive game plan. “He’s done a heck of a job here behind scenes here with the defensive staff,” Rizzi said. “But it’s certainly a great opportunity for him.” Grantham will replace Bryan Nardo and take over a unit that gave up a Big 12-worst 500.6 yards per contest during a 3-9 season. AP Sports Writer Brett Martel in New Orleans contributed to this report. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football

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