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NEW YORK (AP) — An early rebound for U.S. stocks on Thursday petered out by the end of the day, leaving indexes close to flat. The S&P 500 edged down by 0.1% following Wednesday’s tumble of 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. The index had been up as much as 1.1% in the morning. The Dow Jones Industrial Average rose 15 points, or less than 0.1%, following Wednesday’s drop of 1,123 points, while the Nasdaq composite slipped 0.1%. This week’s struggles have taken some of the enthusiasm out of the market, which critics had 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 with a gain of 23%. 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. Micron Technology was one of the heaviest weights on the S&P 500 Thursday. It fell 16.2% despite reporting stronger profit for the latest quarter 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 20.1% 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. Such losses helped overshadow a 14.7% jump for Darden Restaurants, the company behind Olive Garden and other chains. 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 7.1% 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 1.3%, 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. 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 5.2% after reporting 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. All told, the S&P 500 slipped 5.08 points to 5,867.08. The Dow Jones Industrial Average added 15.37 to 42,342.24, and the Nasdaq composite lost 19.92 to 19,372.77. 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.Trump appoints son-in-law Jared Kushner’s father as ambassador to France
Strictly Come Dancing fans demand star's exit 'he needs to go' after quarter-final tripChris Zylka is facing multiple felony charges following an altercation with law enforcement in Ohio. Multiple outlets reported that Zylka, 39, was in the middle of a busy road in Warren, Ohio on December 4 attempting to get into various people’s cars. Authorities arrived at the scene and found the actor “foaming at the mouth,” per a police report obtained by local CBS affiliate WKBN . Police believed that Zylka was seemingly under the influence of drugs, per the outlet. He was not wearing a shirt or shoes despite the 32-degree weather. Officers tried to take Zylka into custody, but he allegedly struggled with police and broke free when they tried to handcuff him. One law enforcement officer subsequently tackled Zylka but could not restrain him. While Zylka fought with the officer who tackled him, another officer used his stun weapon but it failed to have any effect. Zylka was stunned a second time, which also did not work. Zylka was able to be restrained when a third police officer arrived to help handcuff the actor. According to a police report obtained by People , paramedics also showed up at the scene. After Zylka was stunned, he was administered ketamine to “subdue” him. Zylka is facing felony charges of assault and attempt to commit an offense in addition to misdemeanors for disorderly conduct, resisting arrest and aggravated menacing. A warrant has been issued for Zykla’s arrest but he has not been taken into custody yet. Us Weekly has reached out to the Warren Police Department for comment. Zylka got his start in Hollywood by landing a guest role on The CW’s 90210 reboot . He went on to star in other projects including My Super Psycho Sweet 16 , The Secret Circle and The Leftovers . You have successfully subscribed. By signing up, I agree to the Terms and Privacy Policy and to receive emails from Us Weekly Check our latest news in Google News Check our latest news in Apple News In addition to acting, Zykla has also made headlines for his love life over the years. He dated Lucy Hale for nine months in 2012 and was previously engaged to Paris Hilton . Zylka proposed to Hilton in January 2018 after one year of dating. Nine months later, the pair broke up . Before Zylka’s incident with the authorities, he was sharing his fitness training and hopes to one day compete in the Olympics for track and field on social media. “The past few days I’ve had a lot of people ask what my day in training looks like. DO NOT TRY THIS WITHOUT THE PROPER COACHING,” he wrote via Instagram in November. “I spend about three hours in the gym and a few running as well. #Olympics2028.”
Staten Island officials are raising concerns over recent drone sightings, calling on the NYPD and federal agencies to investigate. NEW YORK - The drone drama in the NYC area is deepening. In recent weeks, several sightings of mysterious drones have been reported in parts of New Jersey. Sightings have been reported from down the Jersey Shore up to Sussex and Bergen counties. Here are the top headlines so far from Friday: 8:15 p.m., Jacob Flanagan President-elect Donald Trump has called for authorities to shoot down the mysterious drones that have been seen flying over New Jersey and Staten Island. "Mystery Drone sightings all over the Country. Can this really be happening without our government’s knowledge. I don think so! Let the public know, and now. Otherwise, shot them down!!! DJT" Trump wrote on Truth Social. 6:45 p.m., Jacob Flanagan A drone did not crash into the Empire State Building according to New York City Emergency Management. "There are no confirmed reports at this time of a drone crash into the Empire State Building," NYCEM Executive Director Aries Dela Cruz said in a post on X. "For an app that shares actual, verified emergency alerts, download the @NotifyNYC app from the store. Stay informed, not misled." 4:40 p.m., Alex Meier Police reported that no drones were found after receiving reports that a drone crashed into a field and struck a power line near Route 206 in Hillsborough, Somerset County. "At 12:10 p.m. all units cleared after a complete search of the area was concluded, and no down drone was recovered. There is no known threat to the public to report. The public is reminded to contact the FBI at 1-800-CALL-FBI ( 1-800-225-5324 ) to report any suspicious drones in the area," Hillsborough Township Police Department said in a statement. New Jersey lawmakers are demanding answers about the growing number of mysterious drone sightings across the state. FOX 5's Teresa Priolo has the story. According to police, the report of a drone crash came from a Lowe's parking lot around 8:30 p.m. Thursday night. Several firsts responders, including local and county police and fire crews, searched the area on foot and air but were unable to locate the drone. Millstone Valley Fire Department deployed drones the next morning and Somerset County Hazmat conducted another ground search, but no drones were found. More headlines: 1:24 p.m. Alex Meier Video from SkyFOX shows emergency response vehicles gathered in a shopping center in Hillsborough. They were seen combing through nearby brush for hours. One resident, who claims she heard a crash, told FOX 5 NY that her concerns are growing and called the mysterious events "bizarre." She's seen several "drones" flying near her home, just a few blocks away from the investigation. 12:15 p.m. Michael Stallone Authorities converged on Hillsborough, New Jersey in an incident that could be related to a drone. Several people that talked to FOX 5 NY's Stephanie Bertini said they heard a drone crash overnight in the area. FOX 5 NY is working to get that report confirmed by officials. 11:45 a.m. Michael Stallone "Multiple" instances of drones entering airspace at Naval Weapons Station Earle in Colts Neck, New Jersey were reported, according to ABC News. 10 a.m. Michael Stallone Officials on Staten Island held a press conference, calling for the NYPD to investigate drone sightings over the NYC area. "You know, there was a saying that we had after 9/11, ‘if you see something say something,’" said Staten Island Borough President Vito Fossella. "I think that’s become, ‘if you see something, don’t worry about it.’ Because we saw it too and the people of Staten Island deserve answers, the people of this city and state and region deserve answers, of what the heck is going on.’" 9:45 a.m. Michael Stallone In a ride along with local police, Kim described what he saw in a post on X, formally Twitter. "Last night I went out with local police to spot drone flying over New Jersey, here’s what I saw. We drove to Round Valley Reservoir and the officer pointed to lights moving low over the tree line," Kim said, in part. New Jersey Gov. Phil Murphy and Secretary of Homeland Security Alejandro Mayorkas briefed the congressional delegation last week, calling on the federal government for more answers. "It's really frustrating that we don't have more answers as to where they were coming from and why they're doing what they're doing," Murphy said. Earlier this week, federal law enforcement officials and private sector stakeholders testified about threats posed by unmanned aerial systems, or drones, at a joint hearing held by two house subcommittees. The White House said Thursday that a review of the reported sightings shows that many of them are actually manned aircraft being flown lawfully. White House National Security spokesman John Kirby said there were no reported sightings in any restricted airspace. He said the U.S. Coast Guard has not uncovered any foreign involvement from coastal vessels. "We have no evidence at this time that the reported drone sightings pose a national security or a public safety threat, or have a foreign nexus," Kirby said, echoing statements from the Pentagon and Murphy.Trump’s lawyers rebuff DA’s idea for upholding his hush money conviction, calling it ‘absurd’
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