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Technology stocks led a broad rally on Wall Street Tuesday during a holiday-shortened trading session ahead of Christmas. The S&P 500 rose 1.1% for its third-straight gain. The Dow Jones Industrial Average added 0.9%, and the tech-heavy Nasdaq composite climbed 1.3%. While Big Tech companies, including Apple, Amazon and chip company Broadcom helped push the market higher, the gains were widespread. Advancers outnumbered decliners by more than 3-to-1 on the New York Stock Exchange. Broadcom rose 3.2%, Apple gained 1.1% and Amazon closed 1.8% higher. Super Micro Computer climbed 6%. Tesla jumped 7.4% for the biggest gains among S&P 500 stocks. American Airlines shook off an early loss and ended with a 0.6% gain after the airline briefly grounded flights nationwide due to a technical issue. Elsewhere in the market, U.S. Steel rose 1.9% a day after an influential government panel failed to reach consensus on the possible national security risks of the nearly $15 billion proposed sale to Nippon Steel of Japan. NeueHealth surged 74.9% after the health care company agreed to be taken private in a deal valued at roughly $1.3 billion. All told, the S&P 500 rose 65.97 points to 6,040.04. The Dow added 390.08 points to 43,297.03, and the Nasdaq rose 266.24 points to 20,031.13. Treasury yields held steady in the bond market. The yield on the 10-year Treasury was little changed at 4.59%. European markets closed mostly higher. Markets in Asia mostly gained ground. Tuesday’s U.S. market rally comes as the stock market enters what’s historically been a very cheerful season. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. The so-called “Santa rally” also correlates closely with positive returns in January and the upcoming year. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Even so, the stock market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up 26.6% so far this year and remains within roughly 1% of the all-time high it set earlier this month — its latest of 57 record highs this year. U.S. markets will be closed Wednesday for Christmas. Wall Street has several economic reports to look forward to this week, including a weekly update on unemployment benefits on Thursday.Jamal Murray shoved the ball away from him With 4.2 seconds left and the Nuggets trailing Dallas, 121-119, Murray stepped up for the second of two free throws with the intention of missing. It banked off the backboard and tushed right through the net. One of those nights. One of those Novembers. “The whole game, I’m trying to make (a shot), and I’m trying to miss one time,” the Nuggets guard recalled with a rueful chuckle late Friday night after a 123-120 defeat. “So, that’s the way it goes sometimes, you know?” You’d laugh, but only to keep from crying. Before Saturday night’s late-night showdown with the Lakers, the Blue Arrows looked more like a Broken Arrow. Mr. 50-40-90 went into Tinseltown averaging 17.4 points per game in November while shooting 40.7% from the floor and 33.3% on treys. You don’t know what you’re going to get on a given night. As of Saturday morning, the Arrow had posted four games this season in which he’d scored 20 points or more. After each of those four, he went out the next time and shot 6 for 20, 2 for 7, 7 for 17 and, more recently, 4 for 16 vs. the Mavericks. “You sure you’re feeling OK?” I asked the Nuggets guard at his locker after the Dallas loss. “You keep saying, ‘I’m good, I’m good ...'” Murray looked daggers in my direction. “Then take that,” he replied. , it’s the head. You get flashes of Playoff Mal, those spring heat checks that could melt a glacier. But much of the time, it looks as if Murray is on his back, a wanna-be All-Star staggered by the weight of expectations. A max contract guy putting up mid numbers. To wit: While closing out a miserable first half against Dallas and a Mavs squad missing Luka Doncic, the Nuggets nevertheless found themselves with a chance to take the final shot. Only Murray, who was 2 for 7 at the time, turned it over and then committed a foul, gifting Big D two free throws and a 73-53 cushion at the break. “I think (if) we just take care of the first half, don’t come out as sloppy and make better urgency, we can win that game,” Murray reflected. Alas, the Nuggets ran out of juice over the final three minutes. Which was compounded by Dallas hunting Murray defensively and taking it to him, time and again. Over his first 10 games, the Arrow has posted a 112 or higher Defensive Rating in the fourth quarter — higher is worse — six times. Mind you, he put up the same ratio at the start of the 2022-23 season. You just notice it more when he stops making shots at the other end of the floor. “Some of those are shots that he probably makes,” Malone said. “And I’m sure some of those are probably ... shots where maybe we could have swung it or made an extra pass for maybe a better shot.” Maybe. Although these days, even Murray’s clutch gene comes and goes like the autumn wind. NBA.com defines “clutch” stats as applying to any action that takes place in the final five minutes of the fourth quarter or overtime of a game that’s within five points or less. In the first month of the 2022-23 campaign, one that ended with a parade, This season? Seven “clutch” games as of Saturday morning, with a yikes 123.4 Defensive Rating and a Net of plus-7.9. Christian Braun went into Saturday night with 10 “clutch” games and a 115.3 Defensive Rating and a Net of plus-18.9, best among Nuggets starters. Nikola Jokic was second in “clutch” Net, at plus-14.2, followed by Peyton Watson (plus-14.0), then Michael Porter Jr. (plus-13.3) ... and then Murray. When the eye test and the computers match up, you’ve got a problem. If MPJ can be benched for defensive reasons in the fourth quarter, why not the Arrow? “We’ve got to find a way,” Malone continued. “And I have to find a way to help to get Jamal going.” The Canadian’s most buzz-worthy moment Friday came with 8:27 left. Murray caught a live fly, walked over to the sideline “It was just squirming on the court and ... I just thought I’d go to Doris or whoever was over there and just lighten up my mood as well,” the Nuggets guard explained. “Sometimes, you just have to smile ... so I just tried to, more for myself, honestly, break the negativity mentally and have a joke with those guys.” “Did you catch that thing in the air?” I asked. Another look. Another dagger. “I’ll let you figure that out,” he countered. This version of Murray wouldn’t hurt a fly. But it’s hurting the Nuggets in the middle of Jokic’s title window, as the latter creeps ever closer to a cold, lonely sill.Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against WM Technology, Inc. (MAPS)
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The Department of Justice’s antitrust lawsuit against Google has taken another turn. After a court ruling that wanted to force Google to sell off its Chrome browser, the search giant has countered with a proposal of its own. While Google maintains its innocence and plans to appeal the initial decision, this counter-proposal aims to address the court’s concerns without the drastic measure of dismantling Chrome. Google’s proposal focuses primarily on contracts and agreements related to search distribution. It argues that the core issue at hand revolves around these agreements, not the existence of Chrome itself. To address this, Google proposes providing more flexibility to browser companies like Apple and Mozilla, allowing them to: X remove ads Offer Google Search while retaining the freedom to strike deals with other search engines. This ensures these companies can continue generating revenue while maintaining user choice. Establish multiple default search engines across different platforms and browsing modes. Imagine having a different default search engine on your iPhone versus your iPad, giving you more control over your search experience. Change their default search provider at least every 12 months. This measure prevents long-term exclusivity agreements and encourages ongoing competition. Furthermore, Google’s proposal addresses Android contracts by allowing device makers more freedom in pre-loading multiple search engines and decoupling Google apps from search and Chrome. This opens the door for rivals like Microsoft to compete more effectively for placement on Android devices. While Google acknowledges that these changes may come at a cost to its partners, it believes they effectively address the court’s findings without compromising user privacy, security, or America’s technological leadership. The company emphasizes that its success stems from innovation and providing a superior search engine, not from anti-competitive practices. Check out Today’s Best Chomebook Deals The legal battle is far from over, and Google’s appeal process is likely to be lengthy and complex. However, this counter-proposal signals Google’s determination to defend Chrome and its position in the search market. It remains to be seen how the court will respond to these proposed remedies, but for now, Chrome users and fans can breathe a sigh of relief. The browser we all know and love isn’t going anywhere just yet. advertisement Join Chrome Unboxed Plus Introducing Chrome Unboxed Plus – our revamped membership community. Join today at just $2 / month to get access to our private Discord, exclusive giveaways, AMAs, an ad-free website, ad-free podcast experience and more. Plus Monthly $2/mo. after 7-day free trial X remove ads Pay monthly to support our independent coverage and get access to exclusive benefits. Start free trial Plus Annual $20/yr. after 7-day free trial Pay yearly to support our independent coverage and get access to exclusive benefits. X remove ads Start free trial Our newsletters are also a great way to get connected. Subscribe here! Click here to learn more and for membership FAQ
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SAN DIEGO (AP) — Sports San Diego announced Thursday that DirecTV has extended its agreement as title sponsor of the Holiday Bowl. Neither side would say how long the agreement is for. DirecTV sponsored the previous two Holiday Bowls. After two editions at Petco Park, the downtown home of the San Diego Padres, the Holiday Bowl is moving to Snapdragon Stadium in Mission Valley. It will be played Dec. 27 and match a top team from the ACC against current and former teams from the Pac-12. The Associated Press