NEW YORK (AP) — An early rebound for U.S. stocks petered out by the end of the day, leaving indexes close to flat. The S&P 500 edged down by 0.1% Thursday, coming off one of its worst days of the year after the Federal Reserve said it may deliver fewer cuts to interest rates in 2025 than earlier thought. The Dow Jones Industrial Average inched up by less than 0.1%, and the Nasdaq composite slipped 0.1%. Treasury yields were mixed in the bond market following reports showing the U.S. economy may be stronger than expected, but manufacturing may be contracting again. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are stabilizing Thursday following one of their worst days of the year . The S&P 500 rose 0.2% in late trading, a day after tumbling 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. The Dow Jones Industrial Average was up 136 points, or 0.3%, with less than an hour remaining in trading, following Wednesday’s drop of more than 1,100 points. The Nasdaq composite rose 0.3%. Wednesday’s drop took some of the enthusiasm out of the market, which critics had already been warning was overly buoyant and would need everything to go correctly for it to justify its high prices. But indexes remain near their records , and the S&P 500 is still on track for one of its best years of the millennium . Traders are now expecting the Federal Reserve to deliver just one or maybe two cuts to interest rates next year, according to data from CME Group. Some are even betting on none. A month ago, the majority saw at least two cuts in 2025 as a safe bet. Wall Street loves lower interest rates because they give the economy a boost and goose prices for investments, but they can also provide fuel for inflation. Darden Restaurants, the company behind Olive Garden and other chains, helped lift the market after leaping 15.1%. It delivered profit for the latest quarter that edged past analysts’ expectations. The operator of LongHorn Steakhouses also gave a forecast for revenue for this fiscal year that topped analysts’. Accenture rose 6.7% after the professional services company likewise topped expectations for profit in the latest quarter. CEO Julie Sweet said it saw growth around the world, and the company raised its forecast for revenue this fiscal year. Amazon shares added 1.8%, even as workers at seven of its facilities went on strike Thursday in the middle of the online retail giant’s busiest time of the year. Amazon says it doesn’t expect an impact on its operations during what the workers’ union calls the largest strike against the company in U.S. history. They helped offset a tumble for Micron Technology, which fell 16.7% despite reporting stronger profit than expected. The computer memory company’s revenue fell short of Wall Street’s forecasts, and CEO Sanjay Mehrotra said it expects demand from consumers to remain weaker in the near term. It gave a forecast for revenue in the current quarter that fell well short of what analysts were thinking. Lamb Weston, which makes French fries and other potato products, dropped 22.6% after falling short of analysts’ expectations for profit and revenue in the latest quarter. It also cut its financial targets for the fiscal year, saying demand for frozen potatoes is continuing to soften, particularly outside North America. The company replaced its chief executive. In the bond market, yields were mixed a day after shooting higher on expectations that the Fed would deliver fewer cuts to rates in 2025. Reports on the U.S. economy came in mixed. One showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The economy has remained remarkably resilient even though the Fed held its main interest rate at a two-decade high for a while before beginning to cut them in September. A separate report showed fewer U.S. workers applied for unemployment benefits last week, an indication that the job market also remains solid. But a third report said manufacturing in the mid-Atlantic region is unexpectedly contracting again despite economists’ expectations for growth. The yield on the 10-year Treasury rose to 4.57% from 4.52% late Wednesday and from less than 4.20% earlier this month. But the two-year yield, which more closely tracks expectations for action by the Fed in the near term, eased back to 4.31% from 4.35%. The rise in longer-term yields has put pressure on the housing market by keeping mortgage rates higher. Homebuilder Lennar fell 4.8% after it reported weaker profit and revenue for the latest quarter than analysts expected. CEO Stuart Miller said that “the housing market that appeared to be improving as the Fed cut short-term interest rates, proved to be far more challenging as mortgage rates rose” through the quarter. “Even while demand remained strong, and the chronic supply shortage continued to drive the market, our results were driven by affordability limitations from higher interest rates,” he said. A report on Thursday may have offered some encouragement for the housing industry. It showed a pickup in sales of previously occupied homes. In stock markets abroad, London’s FTSE 100 fell 1.1% after the Bank of England paused its cuts to rates and kept its main interest rate unchanged on Thursday. The move comes as inflation there moved further above the central bank’s 2% target rate, while the British economy is flatlining at best. The Bank of Japan also kept its benchmark interest rate unchanged, and Tokyo’s Nikkei 225 fell 0.7%. Indexes likewise sank across much of the rest of Asia and Europe. ___ AP Business Writers Matt Ott and Elaine Kurtenbach contributed. Stan Choe, The Associated PressGainers Universe Pharmaceuticals UPC stock rose 192.4% to $3.07 during Friday's pre-market session. The market value of their outstanding shares is at $4.8 million. VSee Health VSEE shares moved upwards by 25.17% to $1.84. The market value of their outstanding shares is at $28.8 million. Radiopharm Theranostics Limited - American Depositary Shares RADX shares increased by 24.5% to $22.0. Innate Pharma IPHA shares increased by 17.23% to $1.7. The market value of their outstanding shares is at $137.6 million. Sonoma Pharmaceuticals SNOA stock increased by 14.28% to $2.96. The market value of their outstanding shares is at $3.9 million. Cardio Diagnostics Hldgs CDIO shares rose 14.12% to $0.53. The market value of their outstanding shares is at $21.4 million. Losers Bluejay Diagnostics BJDX stock fell 25.3% to $4.63 during Friday's pre-market session. The market value of their outstanding shares is at $2.5 million. Camp4 Therapeutics CAMP stock declined by 18.35% to $8.01. The market value of their outstanding shares is at $161.4 million. Molecular Templates MTEM shares fell 14.76% to $0.46. The market value of their outstanding shares is at $3.0 million. Psyence Biomedical PBM stock declined by 14.4% to $2.26. The company's market cap stands at $1.9 million. Silexion Therapeutics SLXN shares declined by 11.62% to $2.74. The market value of their outstanding shares is at $4.3 million. Virpax Pharmaceuticals VRPX shares declined by 10.54% to $0.35. The market value of their outstanding shares is at $2.8 million. See Also: www.benzinga.com/money/best-healthcare-stocks/ This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. 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TIMMINS - A Northern Ontario healthcare leader has been recognized with a prestigious provincial award. Lynne Innes, president and CEO of the Weeneebayko Area Health Authority (WAHA), has received the 2024 Premier’s Award in the health sciences category. Innes, a graduate of Northern College’s nursing program, was selected from 18 nominees in her category. She accepted the award on Nov. 25 during a ceremony in Toronto. “It’s a really special and humbling feeling to be recognized for all the hard work that not only I participated in, but our entire team, to better the health of our region,” Innes told TimminsToday. The award includes a bursary in Innes’ name for health sciences students at Northern College. The inaugural bursary, funded with a $5,000 investment from Ontario Colleges, will be awarded in the New Year. Annual bursaries of $500 will follow and Innes will help create the criteria for recipients. The bursary will be part of the winter awards at Northern College. For those considering a career in healthcare, Innes said her journey is an example of how starting at a small, local college can lead to success. “Starting in Northern Ontario and being as accomplished as I am today, and knowing that that’s where I started, I think is something that can resonate with many people,” she said. “People don’t have to go to Harvard or McGill, they can go to Northern College and be just as successful and accomplished.” Innes hopes her award will inspire Indigenous advocates and frontline healthcare workers to drive positive change. “I hope my recognition from this award inspires any Indigenous advocate and frontline healthcare worker to think outside the box, to be innovative, to constantly put the pressure on, be resilient, and ensure we are working toward the betterment of our people who are the hardest to reach in this province,” she said. “Setting it up with the seven grandfather teachings, or seven sacred teachings, to always be kind, to always be humble and to do everything with love and compassion.” For those aspiring to make a difference in healthcare, Innes said education is key. “I think the most important thing that we can do as people is to continuously educate people about our history and a path forward, ensuring we are moving forward in a good way,” she said. “I’m very proud to have started my educational journey at Northern College, and very proud to be a northerner and still living and working in the north.” This marks the second consecutive year a Northern College alum has received the Premier’s Award, following Christina Kioke’s win in 2023. SEE: Premier’s Award: Christina Kioke supports Indigenous students Launched in 1992, the Premier’s Awards honour graduates across seven categories: business, community services, creative arts and design, health sciences, recent graduates, skilled trades, and science, technology, and engineering.