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2025-01-20
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McNealy and Whaley share lead at wide open RSM Classic, Canada's Hughes tied for third



Message of development endorsed politics of lies defeated PM Modi on poll resultsNEW YORK (AP) — Stocks fell in morning trading Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.4%, with more than 80% of stocks in the benchmark index losing ground. Still, the index is managing to hold onto a modest gain for the week. The Dow Jones Industrial Average fell 402 points, or 0.9%, to 42,945 as of 10:41 a.m. Eastern time. The Nasdaq composite fell 2%. Both the Dow and the Nasdaq are also holding on to weekly gains. Technology stocks were the biggest drag on the market Friday. Semiconductor giant Nvidia slumped 3.2%. Its enormous valuation gives it an outsize influence on indexes. Other Big Tech stocks losing ground included Microsoft, with a 2.2% decline. A wide range of retailers also fell. Amazon fell 2.2% and Best Buy slipped 1.9%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy was the only sector within the S&P 500 rising. It gained 0.5% as crude oil prices rose 0.8%. Investors don't have much in the way of corporate or economic updates to review as the market moves closer to another standout annual finish. The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury remained at 4.59% from late Thursday. The yield on the two-year Treasury slipped to 4.32% from 4.33% late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity.Commentary: Manmohan Singh, India’s quiet reformer who taught a generation to dream

GM Falls Despite Robotaxi U-Turn. A Self-Driving Car Rival Soars.Mortal remains of ex-PM Manmohan Singh taken to Cong headquarters

Former Pitt quarterback Kenny Pickett is officially receiving his first start of the season. With Eagles starting quarterback Jalen Hurts ruled out with a concussion , suffered against the Commanders last weekend, Pickett is stepping into the starting spot for the Eagles this weekend against the Cowboys. Pickett received his first extended action of the season last weekend against the Commanders, playing most of the game in a loss. He completed 14-of-24 pass attempts for 143 yards with a touchdown and interception, adding 13 yards on the ground, in relief. He wasn’t perfect, but he also wasn’t helped by his playmakers either. Wideout DeVonta Smith dropped a pass over the middle field just before the two-minute warning, which allowed the Commanders a chance to come back and win the game, 36-33. Now official: Eagles ruled out QB Jalen Hurts for Sunday’s game vs. Dallas due to his concussion. Eagles QB Kenny Pickett now will replace Hurts. pic.twitter.com/I4RcuVzzZo — Adam Schefter (@AdamSchefter) December 27, 2024 It was a gutsy effort by Pickett, who said he was good to go earlier this week after dealing with a rib injury against the Commanders. He has a chance to show that he’s continued to grow since arriving in Philadelphia in March. The Steelers traded Pickett to the Eagles on March 16, after spending two seasons with the team. And even through a disappointing tenure with the Steelers, Pickett reflected positively on his time in Pittsburgh. “(I) gave everything I had there and loved all of my teammates and coaches that I came across — some absolutely great memories that I’ll take forever and lifelong friendships,” Pickett said following the trade. “And just talking to guys after it all went down, grateful that we had the time we had together.” Pickett was one of the best quarterbacks in college football in 2021, completing 334-of-497 pass attempts (67%) for 4,319 yards with 42 touchdowns and seven interceptions — adding 241 yards and five more touchdowns on the ground. He finished his Pitt career as the all-time leader in passing yards, completions, total offense, touchdowns responsible for and passing touchdowns. He’s thrown the most 300-yard passing games (16) and 400-yard passing games (five) and his 32 wins are the most as a Pitt starter. Pickett completed 1,045-of-1,674 career passing attempts (just over 62%) for 12,303 yards and 81 touchdowns, to just 32 interceptions, in 52 career appearances (49 starts). He also added 809 rushing yards and 20 touchdowns. He led Pitt to its first ACC title in 2021, earning All-ACC, All-American and Heisman Trophy finalist honors. He was selected by the Pittsburgh Steelers in the first round of the 2022 NFL Draft, but it wasn’t exactly smooth sailing. Kenny Pickett threw for 4,474 yards (62.6% completion) with 13 touchdowns and 13 interceptions in his 25 games as a Steeler, and while he wasn’t put in the best situation to succeed in the NFL, his lack of production was problematic. The Steelers brought signed Denver Broncos and Seattle Seahawks quarterback Russell Wilson in March, and it spelled the end for Pickett and the Steelers. This article first appeared on Pittsburgh Sports Now and was syndicated with permission.

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