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Wall Street stocks finished a lackluster week on a muted note Friday as concerns about rising Treasury bond yields competed with enthusiasm over artificial intelligence equities. Of the major indices, only the Nasdaq mustered a gain in Friday's session. The tech-rich index was also the only of the three leading US benchmarks to conclude the week higher. "Equities are kind of treading water," said LBBW's Karl Haeling. "A negative influence to some extent is the rise in bond yields." The latest US consumer price index data released this week showed prices ticked higher in November and the wholesale data also showed stubborn inflationary pressures. "Yields rose to their highest levels in over two weeks as markets brace for the Federal Reserve's final meeting of the year, reflecting concerns over sticky inflation," said Chris Beauchamp, chief market analyst at online trading platform IG. There is also growing concern over the inflationary pressures from President-elect Donald Trump's pledges to cut taxes and impose tariffs, as inflation still stands above the Fed's target. "While the markets still anticipate a rate cut from the Federal Reserve next week, the likelihood of a move in January has dropped," said Patrick Munnelly, partner at broker Tickmill Group. The CME FedWatch tool shows the market sees a more than 75 percent chance that the Fed will hold rates steady in January. In Europe, the Paris CAC 40 index ended the day down 0.2 percent after French President Emmanuel Macron named his centrist ally Francois Bayrou as prime minister, ending days of deadlock over finding a replacement for Michel Barnier. Frankfurt also dipped, with Germany's central bank sharply downgrading its growth forecasts on Friday for 2025 and 2026. It predicted a prolonged period of weakness for Europe's biggest economy. London stocks were also lower after official data showed that the UK economy unexpectedly shrank for the second consecutive month in October. The euro recovered after flirting with two-year lows against the dollar following a warning Thursday by ECB president Christine Lagarde that the eurozone economy was "losing momentum", cautioning that "the risk of greater friction in global trade could weigh on euro area growth". In Asia, Hong Kong and Shanghai both tumbled as investors were unimpressed with Beijing's pledge to introduce measures aimed at "lifting consumption vigorously" as part of a drive to reignite growth in the world's number two economy. President Xi Jinping and other key leaders said at the annual Central Economic Work Conference they would implement a "moderately loose" monetary policy, increase social financing and reducing interest rates "at the right time". The gathering came after Beijing in September began unveiling a raft of policies to reverse a growth slump that has gripped the economy for almost two years. "We're still not convinced that policy support will prevent the economy from slowing further next year", said Julian Evans-Pritchard, head of China economics at research group Capital Economics. Among individual equities, chip company Broadcom surged nearly 25 percent after reporting a 51 percent jump in quarterly revenues to $14.1 billion behind massive growth in AI-linked business. New York - Dow: DOWN 0.2 percent at 43,828.06 (close) New York - S&P 500: FLAT at 6,051.09 (close) New York - Nasdaq Composite: UP 0.1 percent at 19,926.72 (close) London - FTSE 100: DOWN 0.1 percent at 8,300.33 (close) Paris - CAC 40: DOWN 0.2 percent at 7,409.57 (close) Frankfurt - DAX: DOWN 0.1 percent at 20,405.92 (close) Tokyo - Nikkei 225: DOWN 1.0 percent at 39,470.44 (close) Hong Kong - Hang Seng Index: DOWN 2.1 percent at 19,971.24 (close) Shanghai - Composite: DOWN 2.0 percent at 3,391.88 (close) Euro/dollar: UP at $1.0504 from $1.0467 on Thursday Pound/dollar: DOWN at $1.2622 from $1.2673 Dollar/yen: UP at 153.60 yen from 152.63 yen Euro/pound: UP at 83.19 pence from 82.59 pence Brent North Sea Crude: UP 1.5 percent at $74.49 per barrel West Texas Intermediate: UP 1.8 percent at $71.29 per barrel burs-jmb/st
Gettman kicks go-ahead FG as Villanova ends Delaware's FCS-era with a 38-28 win in finale
Gettman kicks go-ahead FG as Villanova ends Delaware's FCS-era with a 38-28 win in finaleIowa State transfer portal tracker: Kenard Snyder second Cyclone defensive lineman transferringLandstar Announces Special Dividend
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Fox News Flash top sports headlines are here. Check out what's clicking on Foxnews.com. The New Jersey Devils have owned their Hudson River rivals this year, and they had another W to celebrate outside of their 5-0 win over the New York Rangers. Over five years ago, the Devils and Rangers, respectively, had the first and second overall picks of the NHL Draft, and the selections were simple. Jack Hughes and Kaapo Kakko were long assumed to be the first and second picks that year, and that's exactly what happened. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM New Jersey Devils center Jack Hughes (86) and New York Rangers right wing Kaapo Kakko (24) line up for a face-off during a game between the New York Rangers and New Jersey Devils on November 18, 2023 at Prudential Center in the Newark, New Jersey. However, that night during a Rangers draft party at Madison Square Garden, Ranger fans applauded the Devils selecting Hughes — whether it was because they preferred Kakko, or they were torn between the two players and didn't want to be torn between the two is up for discussion. Well, the two players have had very opposite tenures with their respective teams. Hughes has become a Calder Trophy candidate, while Kakko not only didn't live up to the hype, but the Rangers also traded him earlier this month to the Seattle Kraken . The two foes met in Newark on Monday, and it was the Rangers' first game against New Jersey since trading Kakko, and the Devils, and their fans had a field day. New Jersey Devils center Jack Hughes (86) celebrates with teammates after scoring a goal against the Chicago Blackhawks during the second period of an NHL hockey game Friday, Oct. 15, 2021, in Newark, N.J. (AP Photo/Adam Hunger) On the scoreboard, the Devils played a video of one of the aforementioned Kakko celebrations by Rangers fans, and the camera immediately panned to Hughes, who couldn't help but laugh. RANGERS' MATT REMPE SUSPENDED 8 GAMES FOR HIT ON STARS PLAYER To add insult to injury, Hughes scored twice in the Devils' 5-0 victory. After the win, the Devils posted a video of that same video but photoshopped an "L' on MSG's scoreboard. It's been a disappointing season for the Rangers, who after being Stanley Cup contenders last year may just miss out on the playoffs. Meanwhile, New Jersey can make a serious run for the Cup this year with Hughes leading the charge. New Jersey Devils center Jack Hughes (86) is congratulated by teammates after scoring his second goal of the third period against the New York Rangers during an NHL hockey game on Tuesday, March 22, 2022, in Newark, N.J. The Devils won 7-4. (AP Photo/Adam Hunger) CLICK HERE TO GET THE FOX NEWS APP The Devils' 49 points this season are tied for the second-most in the league. The Devils beat the Rangers in the 2023 Playoffs, as well. Follow Fox News Digital’s sports coverage on X , and subscribe to the Fox News Sports Huddle newsletter .(The Center Square) – The taxpayer cost of enhancing Tier II pensions in Illinois isn’t known as legislators hear of a proposed change they could take on in the new year. For months, members of the General Assembly have been holding hearings about what some say is the need to enhance benefits for some public employees hired after 2011, because their benefits may not be in line with standards set by Social Security. There were also arguments that the benefits are not enough to attract and retain talent for the public sector. Groups of labor unions took part in Friday’s Illinois House Personnel and Pensions Committee, pitching a measure to increase the wage cap, change the cost of living adjustments, and restore the Tier I retirement age for Tier II public employees hired after 2011. Pat Devaney with the We Are One coalition said the taxpayer cost isn’t known. “We stand ready to work with the leaders in the General Assembly and the governor’s office to identify revenue to pay for our proposals when the costs are known,” Devaney told the committee. It’s also unclear what it could cost to comply with Social Security standards if nothing is done. During an Illinois House committee Friday, Pat Devaney with the We Are One Coalition and state Rep. Steven Reick, R-Woodstock, discuss the unknown taxpayer cost of pension enhancements. Separately, Gov. J.B. Pritzker and Wirepoints President Ted Dabrowski discuss pensions. “I’ve seen several estimates, let’s just call it three to $6 billion total over a 20-plus year period,” Gov. J.B. Pritzker said Thursday at an unrelated event. “So that is something that has to be done.” State Rep. Steven Reick, R-Woodstock, said without knowing the costs, they need to focus on the debt that is known. “And I think it gives the taxpayers, people who are actually paying the bill, an understanding of what we are doing about this debt because this debt is hanging over us like the Sword of Damocles and it's never going to go away,” Reick said during the committee hearing Friday. The Illinois Commission on Government and Accountability reports the state’s unfunded liability grew $1.5 million last year to $143.7 billion, the second highest since it was $144.2 billion in 2020. Separately, Wirepoints President Ted Dabrowski said the conversation should be about cutting the costs, not increasing benefits. “Some of these Tier II plans increase costs for taxpayers by billions, some as much as $80 billion, and so we’re not going to fix Illinois until we fire a bunch of those politicians that refuse to talk about pension reform,” Dabrowski told The Center Square. Dabrowski advocates for a constitutional amendment to allow for pension benefits to be reduced.
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Gettman kicks go-ahead FG as Villanova ends Delaware's FCS-era with a 38-28 win in finaleIrish premier praises Dublin woman who won civil case against Conor McGregorTrump’s lawyers rebuff DA’s idea for upholding his hush money conviction, calling it ‘absurd’Capitol rioter who tried to join Russian army is sentenced to prison for probation violation