
Stephenson puts up 21 as CSU Bakersfield knocks off Northeastern 68-60
California to consider requiring mental health warnings on social media sitesExternal Affairs Minister S. Jaishankar has called for a dynamic foreign policy geared towards a 'Viksit Bharat,' reflecting India's aspirations to become a developed nation by 2047. Speaking at the launch of India's World magazine, Jaishankar stressed that India's foreign policy must evolve in response to significant international changes, including intensified globalization and technological advancements. He urged a strategic, open approach, emphasizing the need for ambitious planning and adaptability as India seeks to expand its global footprint in an increasingly volatile world. (With inputs from agencies.)
NRL star turned Rich Lister backs Brisbane healthtech WearOptimoRobert Way I published my initiation coverage for Vipshop ( NYSE: VIPS ) in December 2023. The stock has been down almost 20% since then, vastly underperforming the market. The drop in the stock price is due to VIPS’ deteriorating business fundamentals from Q1 of Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Major stock indexes on Wall Street drifted to a mixed finish, capping a rare bumpy week for the market. The S&P 500 ended essentially flat, down less than 0.1 per cent, after wavering between tiny gains and losses most of the day. The benchmark index posted a loss for the week, its first after three straight weekly gains. There were more than twice as many decliners than gainers on the New York Stock Exchange. Credit: Bloomberg The Dow Jones slipped 0.2 per cent, while the Nasdaq composite rose 0.1 per cent, ending just below the record high it set on Wednesday. The Australian sharemarket is set to retreat, with futures pointing to a slide of 39 points, or 0.5 per cent, at the open. There were more than twice as many decliners than gainers on the New York Stock Exchange. Gains in technology stocks helped temper losses in communication services, financials and other sectors of the market. Broadcom surged 24.4 per cent for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company’s big gain helped cushion the market’s broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Some tech stocks were a drag on the market. Nvidia fell 2.2 per cent, Meta Platforms dropped 1.7 per cent and Google parent Alphabet slid 1.1 per cent. Among the market’s other decliners were Airbnb, which fell 4.7 per cent for the biggest loss in the S&P 500, and Charles Schwab, which closed 4 per cent lower. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 17 per cent after raising its forecast for revenue growth for the year. All told, the S&P 500 lost 0.16 points to close at 6,051.09. The Dow dropped 86.06 points to 43,828.06. The Nasdaq rose 23.88 points to 19,926.72. Wall Street’s rally stalled this week amid mixed economic reports and ahead of the Federal Reserve’s last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year. The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank’s 2 per cent target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed’s policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7 per cent in November from 2.6 per cent in October. The Fed’s preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5 per cent rise in November, up from 2.3 per cent in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40 per cent from 4.34 per cent late Thursday. European markets slipped. Britain’s FTSE 100 fell 0.1 per cent. Britain’s economy unexpectedly shrank by 0.1 per cent month-on-month in October, following a 0.1 per cent decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower. AP The Market Recap newsletter is a wrap of the day’s trading. Get it each we e kday afternoon .
Michail Antonio had video call with West Ham team before their win over WolvesGlobal Golf Course Equipment Market Set For 5.1% Growth, Reaching $5.46 Billion By 2028