
NEW 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.
Omnicell to Present at the Piper Sandler 36th Annual Healthcare Conference
Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Copy link Copied Copy link Copied Latest In Transport Fetching latest articles Most Viewed In Chanticleer
Boxing Day sporting extravaganza has always caught the attention of fans around the world and this year it will be no different. Cricket being one of the popular sports, it always has been synonymous with the festive vibe of after Christmas Boxing Day. We have many top cricketers in action this year as the battle for supremacy is on the line. Starting with the big one will be India taking on Australia at the iconic Melbourne Cricket Stadium. South Africa host Pakistan in a one-off test match while Zimbabwe will also be facing Afghanistan in the last of the fixtures. ICC Champions Trophy 2025 Full Schedule Announced: India vs Pakistan on February 23 in Dubai; Check Groups and Complete Fixtures. India defeated Australia in the opening game of their five-game series but Australia bounced back in style in the Adelaide game. The rain curtailed third match was a draw setting up for a fascinating Boxing Day test that should draw a record capacity. India have traditionally done well in this fixture but in recent times, the results have not been up to the mark and hence we cannot say for sure which Indian team will turn up. On the other hand, Australia will be confident of a good showing. When is India vs Pakistan in ICC Champions Trophy 2025? Know Date and Time in IST of IND vs PAK Cricket Match. Pakistan blanked Proteas 3-0 in the ODI series putting the host under a lot of duress ahead of the one-off test match. South Africa have always done well at home in the red ball cricket but Pakistan have shown their capabilities in recent times. Afghanistan on the other hand should start as the favorites against a young and inexperienced Zimbabwe team. (The above story first appeared on LatestLY on Dec 24, 2024 09:26 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com ).
Pete Hegseth, president-elect Donald Trump’s nominee for secretary of Defense, has close ties to an Idaho-based Christian nationalist church that aims to turn America into a theocracy. Hegseth is a member of a Tennessee congregation affiliated with Christ Church, a controversial congregation in Moscow, Idaho, that has become a leader in the movement to get more Christianity in the public sphere. In an appearance last year on the Christ Church-connected streaming show “Crosspolitic,” Hegseth talked about how building up fundamentalist Christian education systems is important in what he sees as a “spiritual battle” with the secular world. He sees Christian students as foot soldiers in that war and refers to Christian schools as “boot camp.” “We’re in middle phase one right now, which is effectively a tactical retreat where you regroup, consolidate and reorganize and as you do so, you build your army underground with the opportunity later on of taking offensive operations — and obviously all of this is metaphorical and all that good stuff,” he said on the show. Hegseth did not immediately respond to requests for an interview. Hegseth has spoken positively about Christ Church Pastor Doug Wilson’s writings Christ Church is led by Pastor Doug Wilson, who founded the Calvinist group of churches called the Communion of Reformed Evangelical Churches, or CREC. CREC has congregations in nearly all 50 states and several foreign countries. Hegseth’s church is a member of CREC, and Hegseth has spoken positively of Wilson’s writings. Wilson and his allies have a rigid patriarchal belief system and don’t believe in the separation of church and state. They support taking away the right to vote from most women, barring non-Christians from holding office and criminalizing the LGBTQ+ community. Recently, Wilson has increased his influence nationally as he’s built a religious, educational and media empire. His Association of Classical Christian Schools has hundreds of fundamentalist schools around the country, and his publishing outfit Canon Press churns out dozens of titles a year as well as popular streaming shows that highlight unyielding socially conservative ideals. In the recently released podcast, “Extremely American” (created by this reporter), Wilson says one of his goals is to get like-minded people into positions of influence. In an emailed response for this story, he said he’s closer to that post-election and that he supports Hegseth’s nomination, though he downplayed any influence he has on him. “I was grateful for Trump’s win, and believe that it is much more likely that Christians with views similar to mine will receive positions in the new administration,” he said. Hegseth nomination could threaten cohesion, diversity of U.S. military, experts say That’s what worries Air Force veteran Mikey Weinstein, who is the president of the Military Religious Freedom Foundation. Weinstein says Hegseth, if confirmed as secretary of Defense, would threaten the cohesion of a religiously and racially diverse U.S. military. “Pete Hegseth is a poster child for literally everything that would be the opposite of what you would want to have for someone who’s controlling the technologically most lethal organization in the history of this country,” he said. Weinstein sees Hegseth’s nomination as an example of the dangers of Project 2025, a 900-page policy paper written by far-right political activists. It lays out a plan to gut the federal government and install Christian nationalist ideals. “Christian nationalism is an absolute fatal cancer metastasizing at light speed (for) the national security of this country,” he said. “It is a Christian version of the Taliban.” Matthew D. Taylor, senior scholar at the Institute for Islamic, Christian and Jewish Studies, said Hegseth is “one of the most extreme far right figures ever nominated to a cabinet post, at least in modern memory.” Taylor said he’s broadly concerned about Christian nationalists, who tend to take a dim view of democracy, potentially having a lot of sway in this administration. “I think we should expect a profound degradation of our democratic norms of the rule of law, and I think we are edging closer to a de facto Anglo Protestant establishment, of the kind where Anglo Protestant Christianity as the de facto official religion in the United States,” he said. Hegseth faces some headwinds in his nomination process due to multiple marital sex scandals and the recent revelation that he paid a woman who accused him of sexual assault in exchange for her not speaking about it. He denies he assaulted her but admits he paid her. He’s also gotten criticism for tattoos that are symbols of the Crusades and wrote a book titled “American Crusade,” where he derides Muslims. Before becoming a TV personality, Hegseth led the conservative veterans group Concerned Veterans for America, which advocated for increased privatization of veterans’ health care. He has also said that women should not be allowed to serve in combat roles in the military, and has complained about what he terms “woke” policies in the military.Carson Beck completed 20 of 31 passes for 297 yards and four touchdowns as No. 10 Georgia pummeled UMass 59-21 on Saturday in Athens, Ga. Nate Frazier ran for career highs of 136 yards and three touchdowns, while Arian Smith caught three passes for 110 yards and a score as the Bulldogs (9-2) won their second straight game and 30th straight at home, dating back to 2019. AJ Hairston completed 7 of 16 passes for 121 yards and a score for the Minutemen (2-9), who dropped their third straight. Jalen John ran for 107 yards and a score and Jakobie Keeney-James caught three passes for 101 yards and a touchdown. Peyton Woodring kicked a 53-yard field goal to extend Georgia's lead to 31-14 on the first drive of the third quarter. But UMass wasted little time responding, as Hairston hit Keeney-James for a 75-yard touchdown to get the deficit down to 10. Georgia then finished its sixth straight drive with a score, as Frazier's 9-yard run up the middle gave the Bulldogs a 38-21 lead at the 8:44 mark of the third quarter. After UMass punted, Georgia played add-on in its next possession, with Frazier scoring from 15 yards out with 1:39 left in the third to lead 45-21. Frazier stamped his career day with his third touchdown run, a 2-yarder with 6:33 left, before Georgia capped the scoring with Chris Cole's 28-yard fumble return with 3:28 remaining. UMass took the game's opening drive 75 yards down the field -- aided by Ahmad Haston's 38-yard run -- and scored on CJ Hester's 1-yard run with 9:15 left. Georgia answered on its ensuing drive, as Beck's 17-yard passing touchdown to Oscar Delp tied the game at the 5:05 mark of the first quarter. Following a short punt by UMass, Beck connected with Smith for 49 yards, and a roughing-the-passer penalty put the ball at Minutemen's 14-yard line. Facing a fourth-and-4 from the 8-yard line, Beck found Cash Jones for a touchdown to take a 14-7 lead with 10:30 left in the second quarter. On UMass' next play from scrimmage, Raylen Wilson recovered John's fumble on the Minutemen's 28-yard line. Three plays later, Beck connected with Dominic Lovett for a 15-yard touchdown with 8:56 remaining. UMass then scored after a 14-play, 75-yard drive, finished off with John's 3-yard rushing score with 1:55 left in the first half. Georgia answered quickly, as Beck's 20-yard pass to Cole Speer set up a 34-yard touchdown pass to Smith with 43 seconds remaining, giving the Bulldogs a 28-14 halftime lead. --Field Level Media