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Are you tracking your health with a device? Here’s what could happen with the dataStocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week. The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose 1%. Gains in technology and communications stocks accounted for much of the gains, outweighing losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.7%. Broadcom climbed 5.5% to also help support the broader market. Walmart fell 2% and PepsiCo slid 1%. Japanese automakers Honda and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.7%, while Nissan ended flat. Eli Lilly rose 3.7% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.5% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. All told, the S&P 500 rose 43.22 points to 5,974.07. The Dow gained 66.69 points to 42,906.95. The Nasdaq rose 192.29 points to 19,764.89. Traders got a look at a new snapshot of U.S. consumer confidence Monday. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets closed mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.
Maker's mark: from farm gate to the front doorButte man pleads not guilty to child sex abuse charges; bail remains at $1 million
NEW YORK — Stocks closed higher Dec. 23 at the start of a holiday-shortened week, with several big technology companies, including Nvidia and Broadcom, helping drive the gains. The S&P 500 rose 0.7 percent Monday, while the Dow Jones Industrial Average added 0.2 percent, and the Nasdaq composite rose 1 percent. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly cimbed after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. Wall Street will close at 1 p.m. Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas. NEW YORK — Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group for $6.25 billion, the company said Dec. 23. Investors will receive $24.25 for each share of common stock, representing a 42 percent from March 18, when the first reports of a potential transaction surfaced. That offer tops the previous $23-per-share bid the family and Mexican retail group, El Puerto de Liverpool, offered in September. The company also plans to authorize a special dividend of up to 25 cents per share. Following the close of the transaction, the Nordstrom family will have a majority ownership stake in the company. Erik and Pete Nordstrom are the fourth-generation leaders of the Seattle-based retailer, which was founded in 1901. The company operates 381 stores in the U.S., including Nordstrom Rack outlets in Columbia, Greenville and Mount Pleasant. NEW YORK — The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages. The company has faced increasing competition from retailers like Target and Walmart at the same time that demand for its goods is under strain in a rough housing market, where soaring prices and elevated mortgage rates have stunted sales. The Container Store will continue to operate while it restructures. The chain has no South Carolina locations. The company said Dec. 22 that it had filed for bankruptcy protection in Texas. The filing arrives two weeks after the trading of company shares was suspended by the New York Stock Exchange for failing to maintain an average market capitalization of at least $15 million in accordance with listing rules. Last month, The Container Store said that it was in advanced discussions with lenders to provide additional capital as it aimed to turn around sagging earnings and sales, according to a regulatory filing. NEW YORK — A five-day strike by Starbucks baristas had closed 59 stores as of the afternoon of Dec. 23, according to the union organizing the workers. The strike, which began Friday in Los Angeles, Chicago and Starbucks' hometown of Seattle, spread Monday to stores in Boston, Dallas and Portland, Ore. Workers in New York, Denver, Pittsburgh and other cities had also joined the strike over the weekend. Workers are protesting a lack of progress in contract negotiation with the company. Starbucks Workers United, which began the unionization effort in 2021, said Starbucks has failed to honor a commitment made in February to reach a labor agreement this year. "We respect our partners' right to engage in lawful strike activity, and we appreciate the thousands of partners across the country who are continuing to support each other and deliver the Starbucks experience for our customers," the company said Monday. NEW YORK — American consumers are feeling less confident in December, a business research group said. The Conference Board said Dec. 23 that its consumer confidence index fell back for the month to a lower-than-projected 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months, spending more in the run-up to the all-important holiday shopping season. The consumer confidence index measures both Americans' assessment of current economic conditions and their outlook for the next six months. The proportion of consumers expecting a recession over the next 12 months remained stable.Owaisi slams religious surveys, accuses govt of targetting waqf properties
AP Sports SummaryBrief at 1:40 p.m. ESTJackson scores 23, Purdue Fort Wayne beats Robert Morris 82-77
Are you tracking your health with a device? Here’s what could happen with the dataStocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week. The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose 1%. Gains in technology and communications stocks accounted for much of the gains, outweighing losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.7%. Broadcom climbed 5.5% to also help support the broader market. Walmart fell 2% and PepsiCo slid 1%. Japanese automakers Honda and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.7%, while Nissan ended flat. Eli Lilly rose 3.7% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.5% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. All told, the S&P 500 rose 43.22 points to 5,974.07. The Dow gained 66.69 points to 42,906.95. The Nasdaq rose 192.29 points to 19,764.89. Traders got a look at a new snapshot of U.S. consumer confidence Monday. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets closed mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.
Maker's mark: from farm gate to the front doorButte man pleads not guilty to child sex abuse charges; bail remains at $1 million
NEW YORK — Stocks closed higher Dec. 23 at the start of a holiday-shortened week, with several big technology companies, including Nvidia and Broadcom, helping drive the gains. The S&P 500 rose 0.7 percent Monday, while the Dow Jones Industrial Average added 0.2 percent, and the Nasdaq composite rose 1 percent. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly cimbed after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. Wall Street will close at 1 p.m. Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas. NEW YORK — Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group for $6.25 billion, the company said Dec. 23. Investors will receive $24.25 for each share of common stock, representing a 42 percent from March 18, when the first reports of a potential transaction surfaced. That offer tops the previous $23-per-share bid the family and Mexican retail group, El Puerto de Liverpool, offered in September. The company also plans to authorize a special dividend of up to 25 cents per share. Following the close of the transaction, the Nordstrom family will have a majority ownership stake in the company. Erik and Pete Nordstrom are the fourth-generation leaders of the Seattle-based retailer, which was founded in 1901. The company operates 381 stores in the U.S., including Nordstrom Rack outlets in Columbia, Greenville and Mount Pleasant. NEW YORK — The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages. The company has faced increasing competition from retailers like Target and Walmart at the same time that demand for its goods is under strain in a rough housing market, where soaring prices and elevated mortgage rates have stunted sales. The Container Store will continue to operate while it restructures. The chain has no South Carolina locations. The company said Dec. 22 that it had filed for bankruptcy protection in Texas. The filing arrives two weeks after the trading of company shares was suspended by the New York Stock Exchange for failing to maintain an average market capitalization of at least $15 million in accordance with listing rules. Last month, The Container Store said that it was in advanced discussions with lenders to provide additional capital as it aimed to turn around sagging earnings and sales, according to a regulatory filing. NEW YORK — A five-day strike by Starbucks baristas had closed 59 stores as of the afternoon of Dec. 23, according to the union organizing the workers. The strike, which began Friday in Los Angeles, Chicago and Starbucks' hometown of Seattle, spread Monday to stores in Boston, Dallas and Portland, Ore. Workers in New York, Denver, Pittsburgh and other cities had also joined the strike over the weekend. Workers are protesting a lack of progress in contract negotiation with the company. Starbucks Workers United, which began the unionization effort in 2021, said Starbucks has failed to honor a commitment made in February to reach a labor agreement this year. "We respect our partners' right to engage in lawful strike activity, and we appreciate the thousands of partners across the country who are continuing to support each other and deliver the Starbucks experience for our customers," the company said Monday. NEW YORK — American consumers are feeling less confident in December, a business research group said. The Conference Board said Dec. 23 that its consumer confidence index fell back for the month to a lower-than-projected 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months, spending more in the run-up to the all-important holiday shopping season. The consumer confidence index measures both Americans' assessment of current economic conditions and their outlook for the next six months. The proportion of consumers expecting a recession over the next 12 months remained stable.Owaisi slams religious surveys, accuses govt of targetting waqf properties
AP Sports SummaryBrief at 1:40 p.m. ESTJackson scores 23, Purdue Fort Wayne beats Robert Morris 82-77