Stock market today: Wall Street rallies ahead of Christmas
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.TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold and Silver Trust (NYSE: CEF) (TSX: CEF) (TSX: CEF.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold and silver bullion, today announced that it has added additional sales agents to its at-the-market equity program to issue up to US$250 million of units of the Trust (“Units”) in the United States and Canada. Distributions under the at-the-market equity programs in the United States and Canada (together, the “ATM Program”) will now be completed in accordance with the terms of an amended and restated sales agreement (the “A&R Sales Agreement”) dated December 6, 2024 between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald & Co. (“CF&Co”), Cantor Fitzgerald Canada Corporation (“Cantor Canada”), Virtu Americas LLC (“Virtu”), BMO Capital Markets (“BMO”) and Canaccord Genuity LLC (“Canaccord”, and together with CF&Co, Virtu and BMO, the “U.S. Agents”), Virtu Canada Corp. (“Virtu Canada”), BMO Nesbitt Burns Inc. (“BMO Canada”), Canaccord Genuity Corp. (“Canaccord Canada” and together with BMO Canada, Cantor Canada and Virtu Canada, the “Canadian Agents”, and, together with the U.S. Agents, the “Agents”). The A&R Sales Agreement is available on EDGAR at the website of the United States Securities and Exchange Commission (the “SEC”) at www.sec.gov and the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca . Sales of Units through the Agents, acting as agent, will be made through “at the market” issuances on the NYSE Arca (“NYSE”) and the Toronto Stock Exchange (“TSX”) or other existing trading markets in the United States and Canada at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. Neither U.S. Agent is registered as a dealer in any Canadian jurisdiction and, accordingly, the U.S. Agents will only sell Units on marketplaces in the United States and are not permitted to and will not, directly or indirectly, advertise or solicit offers to purchase any Units in Canada. The Canadian Agents may only sell Units on marketplaces in Canada. The volume and timing of distributions under the ATM Program, if any, will be determined in the Trust's sole discretion. The Trust intends to use the proceeds from the ATM Program, if any, to acquire physical gold and silver bullion in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions. The offering under the ATM Program is now being made pursuant to the amended and restated prospectus supplement dated December 6, 2024 (the “A&R U.S. Prospectus Supplement”) to the Trust’s U.S. base prospectus (the “U.S. Base Prospectus”) included in its registration statement on Form F-10 (the “Registration Statement”) (File No. 333-271163) filed with the SEC on April 6, 2023, and pursuant to the amended and restated prospectus supplement dated December 6, 2024 (the “A&R Prospectus Supplement”) to the Trust's Canadian short form base shelf prospectus dated April 6, 2023 (the “Base Shelf Prospectus” and together with the A&R Prospectus Supplement, the A&R U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement, the “Offering Documents”). The A&R U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available on EDGAR at the SEC's website at www.sec.gov , and the A&R Prospectus Supplement and the Base Shelf Prospectus are available on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca . Before you invest, you should read the Offering Documents and other documents that the Trust has filed for more complete information about the Trust, the A&R Sales Agreement and the ATM Program. Listing of the Units sold pursuant to the ATM Program on the NYSE and the TSX has been approved by the NYSE and the TSX, as applicable, subject to all applicable listing requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction. About Sprott and Sprott Asset Management Sprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust. Sprott is a global leader in precious metals and critical materials investments. At Sprott, we are specialists. Our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and Sprott’s common shares are listed on the NYSE and the TSX under the symbol “SII”. About the Trust Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, is contained in the Trust’s annual information form for the year ended December 31, 2023 (the “AIF”). Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results. Caution Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable United States securities laws and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements in this press release include, without limitation, investor demands for Units, statements regarding the ATM Program, including the intended use of proceeds from the sale of Units, any sale of Units and the timing and ability of the Trust to obtain all necessary approvals in connection with a sale of Units. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things, the gold and silver market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, as updated by the Trust's continuous disclosure filings, which are available at www.sec.gov and www.sedarplus.ca . All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law. For more information: Glen Williams Managing Director Investor and Institutional Client Relations Direct: 416-943-4394 gwilliams@sprott.comSinaloa Cartel pilots flew over several cities, dropping leaflets accusing Sinaloa Governor Ruben Rocha Moya and other officials of working to help the Chapitos faction. The action comes amid a fierce months-long turf war that killed or led to the forced abduction of thousands. Reports of the flights surfaced earlier this week when social media users began posting videos of small Cessna-type airplanes flying over Sinaloa cities, including Culiacan, Mazatlan, Los Mochis, and others dropping leaflets. Previously dropped leaflets list the leaders of the Chapitos faction of the Sinaloa Cartel, their alleged allies, and moneymen. They also include a photograph and the name of Rocha Moya, who they identify as “Godfather,” along with other state and federal politicians. Chapitos refers to the Sinaloa Cartel faction led by the sons of jailed kingpin Joaquin “El Chapo” Guzman. It remains unclear when the flights took place. However, the Mayitos have dropped similar leaflets in previous months. Those pamphlets point to numerous businesses that are alleged fronts of the Chapitos faction. In those leaflets, the authors claim that the Chapitos have been extorting everyday citizens, rigging elections, and carrying out numerous other crimes against innocent civilians. As Breitbart Texas reported , Ruben Rocha Moya has been accused of helping set up Sinaloa Cartel kingpin Ismael “El Mayo” Zambada by luring him to a meeting at a ranch where members of Los Chapitos ambushed him, tied him up, and put him in an airplane that flew him into the waiting hands of U.S. federal agents in Texas. Rocha Moya claims that he was out of the country when the meeting took place and had nothing to do with it. The perceived betrayal led to a fierce turf war between the faction led by El Mayo’s son (Mayitos) and the Chapitos. In addition to the large-scale shootouts and abductions, cartel gunmen have been torching several businesses with patrons inside, carjacking innocent motorists, and carrying out several other terror-style tactics that have paralyzed the state. Ildefonso Ortiz is an award-winning journalist with Breitbart Texas. He co-founded Breitbart Texas’ Cartel Chronicles project with Brandon Darby and senior Breitbart management. You can follow him on Twitter and on Facebook . He can be contacted at Iortiz@breitbart.com . Brandon Darby is the managing director and editor-in-chief of Breitbart Texas. He co-founded Breitbart Texas’ Cartel Chronicles project with Ildefonso Ortiz and senior Breitbart management. Follow him on Twitter and Facebook . He can be contacted at bdarby@breitbart.com .
Badmus 1-3 1-3 3, Mann 4-7 3-3 12, Boyogueno 2-6 2-2 8, Selden 10-18 7-8 29, Simmons 5-14 0-0 11, Richards 2-5 0-0 4, Lazar 4-7 1-1 12, Hawkins 0-2 0-0 0, Mykalcio 0-0 0-1 0. Totals 28-62 14-18 79. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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Police in Georgia on Saturday fired tear gas and water cannon to disperse pro-EU protesters rallying for a ninth consecutive day against the prime minister's decision to shelve talks on joining the bloc. The Caucasus nation has been engulfed in turmoil since the governing Georgian Dream party declared that it had won a disputed October 26 election. The party's critics have accused it of creeping authoritarianism and of steering the country back towards Russia. Thousands of defiant pro-EU protesters in Georgia rallied Friday after the prime minister claimed victory in a "battle" against the opposition. Tens of thousands have taken to the streets since the election to protest against alleged electoral fraud. Fresh rallies took place across the country after Prime Minister Irakli Kobakhidze announced last week that Georgia would not hold talks on European Union membership until 2028. Police have fired tear gas and water cannon against pro-EU protests in Tbilisi and hundreds of arrests have been made, triggering outrage at home and mounting international condemnation. France, Germany and Poland condemned what they called the government's "disproportionate" use of force against protesters and opposition leaders in a joint statement Friday. - 'Save my country' - On Saturday, riot police moved in with water cannon to disperse the rally outside the parliament building, making arrests as the crowd retreated a few metres (yards), an AFP reporter witnessed. Tear gas was later deployed and groups of protesters reportedly spread across the city, blocking traffic along the capital's key thoroughfare. Georgia's rights ombudsman, Levan Ioseliani, said police "had no legal grounds for the dispersal of peaceful rally." He called on the interior ministry "to immediately halt the dispersal of the protest, cease the detention of participants, and refrain from using special measures, ensuring that protesters can continue their demonstration peacefully." Thousands blocked the street outside parliament on Friday, with some blowing whistles and others setting off firecrackers. "People will continue the protest," said one demonstrator, 23-year-old Giorgi, wearing a Georgian flag and a back scarf pulled over his nose. "They're patient, I will be here for the rest of my life if it is necessary to save my country." Separate protests were held outside Georgia's public broadcaster -- accused of being a government propaganda tool -- as well as the education ministry and the country's tourism administration offices. - 'Form of resistance' - Thousands have also staged anti-government rallies in the second city of Batumi on the Black Sea coast. On Friday, a court in Tbilisi put a 19-year-old youth activist in pre-trial detention on charges of "organising, leading, and participating in group violence". Zviad Tsetskhladze told the judge "the rule of law has been crushed. "Our actions are a form of resistance, aimed at preserving the rule of law, defending democracy, and protecting the rights of every individual." The prime minister on Friday praised his security forces for "successfully neutralising the protesters' capacity for violence". "We have won an important battle against liberal fascism in our country," he told a news conference, using language reminiscent of how the Kremlin in Russia targets its political opponents. "But the fight is not over. Liberal fascism in Georgia must be defeated entirely," Kobakhidze said. With both sides ruling out a compromise, there appeared to be no clear route out of the crisis. The leader of the opposition Lelo party, Mamuka Khazaradze, said the government "has resorted to arresting young activists and political opponents out of fear of relentless public protests and growing civil disobedience by public servants." - Arrests of opposition - Masked officers have raided several opposition party offices and arrested opposition leaders earlier this week, while around 300 people have been detained at rallies. On Friday Nika Gvaramia, leader of the opposition Akhali party, was sentenced to 12 days in prison. Alexandre Elisashvili, leader of the Strong Georgia opposition group, was remanded in custody for two months of pretrial detention. More trouble is expected after December 14, when Georgian Dream lawmakers elect a loyalist to succeed pro-Western President Salome Zurabishvili. She has vowed not to step down until the parliamentary polls are re-run. Local media has also reported protests across the country, including in the cities of Batumi, Kutaisi, Zugdidi, Rustavi and Telavi. Critics of Georgian Dream are enraged by what they call its betrayal of Tbilisi's bid for EU membership, enshrined in the constitution and supported by around 80 percent of the population. Several ambassadors, a deputy foreign minister, and other officials have resigned over the suspension of EU talks. Georgian Dream, in power for more than a decade, has advanced controversial legislation in recent years, targeting civil society and independent media and curbing LGBTQ rights. Brussels warned such policies were incompatible with EU membership, while domestic critics accuse the government of copying Russia's playbook. Rights ombudsman Ioseliani has accused the police of "torture" against those arrested. ub-im/rsc
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