How major US stock indexes fared Tuesday, 12/3/2024Despair grips Israel as hopes for captive release fade

By Nora Eckert and David Shepardson DETROIT (Reuters) – General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker’s decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030. The largest U.S. automaker on Tuesday pulled the plug on Cruise after evaluating the continued investments needed in a competitive space, executives said, adding they intend to fold some of Cruise’s talent into GM to continue development of driver assistance systems. “We consider the news a step in the right direction for GM, as we think investors were losing patience with its hefty spending (~$10B) related to robotaxi development with very little to show for its investment,” Garrett Nelson, analyst at CFRA Research wrote. GM shares jumped 3% after-hours on Tuesday immediately after the announcement, but gave back those gains during Wednesday’s regular session and were down about 1% in late afternoon. Nelson said the announcement was “a black eye for the credibility of GM management that, as recently as last year, told investors the Cruise business could generate $50 billion in annual revenue by 2030.” For the year to date, GM has far outpaced its competitors. Its stock is up 45% for 2024, while Ford’s is down 14% and Stellantis is down 37%. GM CEO Mary Barra was already scheduled to speak with reporters Wednesday evening. She will likely face questions on cost-cutting moves the automaker is taking as it navigates turbulence in EV demand, changing technology and a new presidential administration. “This is the latest in the series of decisions that GM has announced which underscore our focus on having the right technology for the future of our company and the industry and reflects our commitment to execute with speed and efficiency,” Barra told analysts Tuesday. GM recently scaled back plans for electric vehicles, sold a stake in one of its joint venture battery plants and recorded a $5 billion loss on its China business as it restructures. GM is now doubling down on its core business: making gasoline-powered pickup trucks and other large vehicles. Cruise’s competitors – including Alphabet’s Waymo, Baidu and Tesla – are well funded, and may have better technology, analysts said. Waymo, which is expanding its autonomous ride-hailing services, is still losing billions of dollars per year. Barclays noted Alphabet, which has over $100 billion in earnings annually, can absorb costs associated with Waymo’s development. GM, however, is expected to record earnings of $14 billion to $15 billion for 2024. “It’s clear from Waymo that an AV robotaxi business is best owned by an entity with deep pockets,” Barclays said. (Reporting by Nora Eckert and David Shepardson; Editing by David Gregorio) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );It's no secret that big-data analytics firm Palantir Technologies Inc PLTR represents one of this year's biggest success stories. At the same time, a year-to-date return of well over 300% has analysts skeptical about a sustained run. Presently, PLTR stock trades at an extremely rich valuation, leading to a split sentiment on Wall Street. Despite the reasonable concerns, the smart money appears to generally lean toward a bullish posture. In particular, the latest read of PLTR stock's unusual options activity shows heightened activity for the $70 call expiring on Jan. 16, 2026. The total value hit $393,000, conspicuously above other aberrant options trades of the midweek session. Investors who continue to pile into PLTR stock may be looking at the bigger picture. A growing number of entities — particularly those related to the defense industry — have adopted Palantir's artificial-intelligence-based solutions . Even more enticing, the empirical data suggests that Palantir bulls are justified in their optimism. Also Read: Alphabet’s Quantum Willow Chip Wows Analyst: Google At The ‘Leading Edge Of Technology Innovation’ Running the Tape on PLTR Stock While the overvaluation concerns surrounding PLTR stock are legitimate, it's important to consider the hard numbers. When running the tape, Palantir's equity has demonstrated an upward bias in its weekly performance (defined as the difference between Monday's open and Friday's close) since making its public market debut in 2020. Specifically, out of 219 weeks, 119 saw a positive return (54.3%), 99 saw a loss (45.2%) and one week was flat. In other words, on any given Monday, bullish investors should have a modest edge that their position will end up in the black by Friday. However, the beauty of multi-leg options trades is that speculators can adjust the parameters of success. For example, in a bull call spread — a transaction that involves buying a call and simultaneously selling a higher-strike call of the same expiration date — traders can potentially deploy a strategy where the breakeven price is below the current open market price. This dynamic is possible because the credit received from the short call helps partially offset the debit paid for the long call. In Palantir's case, if success is defined as a weekly return greater than a 1% loss, the odds of a positive result jump to nearly 61%. Playing 4D Chess with Palantir Admittedly, it may be difficult to justify a heavy long exposure to PLTR stock given its rich valuation. However, the short-term outlook may be much more enticing, especially if the parameters of success are modulated. One compelling idea that stands out is the 68/71 call spread (i.e. buy the $68 strike, sell the $71 strike) that expires Dec. 20 of this year. At time of writing, the net debit paid to enter the trade was $190, which also represents the most that can be lost. The maximum reward comes out to $110 or a payout of 57.89%. Compellingly, the breakeven price for this transaction sits at $69.90, or more than 2.5% below the time-of-writing price. Using this benchmark as the threshold for success, the likelihood that PLTR stock will be somewhat profitable over a one-week period soars to around 65%. In addition, to collect the maximum reward, PLTR stock doesn't necessarily need to move higher by Dec. 20. Rather, it just needs to not fall below $71. For some traders, that may be a more attractive proposition than a standard open-market long position. However, it's important to keep in mind that both the risk and the reward are capped. Read Next: Magnificent Seven Tech Titans Hit $18.2 Trillion Market Cap: Alphabet, Amazon, Apple, Meta, Tesla Jointly Notch All-Time Highs Photo: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

European EV Sales Rally Expected, But EU 2030 Target Looks Hopeless

Maryland football’s final home game a rough ending for seniors | TAKEAWAYSBandits abduct four farmers in fresh Southern Kaduna attackSailing-Rolex ramps up SailGP backing as crews hit Dubai for new season

Topline Elon Musk added more than $10 billion to his net worth Wednesday as Tesla’s shares rose to a new high amid a broader surge for tech stocks, as analysts have held optimism for the automaker in the weeks since the election. Key Facts Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here . Big Number Nearly 75%. That’s how much Tesla shares have increased since Nov. 4, the day before the presidential election, in what Stifel analyst Stephen Gengaro called a “crazy month” for the stock. A Trump administration likely “bodes very well for Tesla,” Gengaro wrote, suggesting Tesla has a “clearer path” to regulatory approval for its Full-Self Driving programs and self-driving robotaxis. Forbes Valuation Musk has a fortune valued at $428 billion , according to Forbes’ latest estimates. Musk is the first person to have an estimated net worth above $400 billion, after Forbes confirmed SpaceX and its investors bought back insiders’ shares in a deal valuing the company at $350 billion. That valuation boosted Musk’s roughly 42% stake in SpaceX to $147 billion, an increase of 60% from SpaceX’s previous tender offer that valued the firm at $210 billion. Tesla’s stock bump on Wednesday added $10.7 billion. Key Background Tesla’s recent market surge runs parallel with Musk’s increasingly close relationship with Trump’s campaign. The world’s wealthiest man spent more than $270 million to help Trump get elected, after Musk became a more vocal supporter of the president-elect after a failed assassination attempt on Trump during a campaign rally in July. Musk joined Trump in meetings with world leaders, appeared at campaign events and was tapped by Trump to lead the Department of Government Efficiency alongside former Republican presidential candidate Vivek Ramaswamy. The Tesla CEO told investors in October he would use his relationship to help establish a “federal approval process for autonomous vehicles,” as approvals currently happen at the state level. Further Reading CORRECTION (12/11): This article has been updated to note Nov. 4 was the day before the presidential election.AP Top 25: Alabama, Mississippi out of top 10 and Miami, SMU are in; Oregon remains unanimous No. 1

BY MELISSA GOLDIN Social media users are misrepresenting a report released Thursday by the Justice Department inspector general’s office, falsely claiming that it’s proof the FBI orchestrated the Capitol riot on Jan. 6, 2021. Related Articles National News | OpenAI whistleblower found dead in San Francisco apartment National News | Judge rejects an attempt by Trump campaign lawyer to invalidate guilty plea in Georgia election case National News | Texas’ abortion pill lawsuit against New York doctor marks new challenge to interstate telemedicine National News | US military flies American released from Syrian prison to Jordan, officials say National News | Nearly half of US teens are online ‘constantly,’ Pew report finds The watchdog report examined a number of areas, including whether major intelligence failures preceded the riot and whether the FBI in some way provoked the violence. Claims spreading online focus on the report’s finding that 26 FBI informants were in Washington for election-related protests on Jan. 6, including three who had been tasked with traveling to the city to report on others who were potentially planning to attend the events. Although 17 of those informants either entered the Capitol or a restricted area around the building during the riot, none of the 26 total informants were authorized to do so by the bureau, according to the report. Nor were they authorized to otherwise break the law or encourage others to do so. Here’s a closer look at the facts. CLAIM: A December 2024 report released by the Department of Justice’s Office of the Inspector General is proof that the Jan. 6 Capitol riot was a setup by the FBI. THE FACTS: That’s false. The report found that no undercover FBI employees were at the riot on Jan. 6 and that none of the bureau’s informants were authorized to participate. Informants, also known as confidential human sources, work with the FBI to provide information, but are not on the bureau’s payroll. Undercover agents are employed by the FBI. According to the report, 26 informants were in Washington on Jan. 6 in connection with the day’s events. FBI field offices only informed the Washington Field Office or FBI headquarters of five informants that were to be in the field on Jan. 6. Of the total 26 informants, four entered the Capitol during the riot and an additional 13 entered a restricted area around the Capitol. But none were authorized to do so by the FBI, nor were they given permission to break other laws or encourage others to do the same. The remaining nine informants did not engage in any illegal activities. None of the 17 informants who entered the Capitol or surrounding restricted area have been prosecuted, the report says. A footnote states that after reviewing a draft of the report, the U.S. attorney’s office in Washington said that it “generally has not charged those individuals whose only crime on January 6, 2021 was to enter restricted grounds surrounding the Capitol, which has resulted in the Office declining to charge hundreds of individuals; and we have treated the CHSs consistent with this approach.” The assistant special agent in charge of the Washington Field Office’s counterterrorism division told the inspector general’s office that he “denied a request from an FBI office to have an undercover employee engage in investigative activity on January 6.” He, along with then-Washington Field Office Assistant Director in Charge Steven D’Antuono, said that FBI policy prohibits undercover employees at First Amendment-protected events without investigative authority. Many social media users drew false conclusions from the report’s findings. “JANUARY 6th WAS A SETUP!” reads one X post that had received more than 11,400 likes and shares as of Friday. “New inspector general report shows that 26 FBI/DOJ confidential sources were in the crowd on January 6th, and some of them went into the Capitol and restricted areas. Is it a coincidence that Wray put in his resignation notice yesterday? TREASON!” The mention of Wray’s resignation refers to FBI Director Christopher Wray’s announcement Wednesday that he plans to resign at the end of President Joe Biden’s term in January. Other users highlighted the fact that there were 26 FBI informants in Washington on Jan. 6, but omitted key information about the findings of the report. These claims echo a fringe conspiracy theory advanced by some Republicans in Congress that the FBI played a role in instigating the events of Jan. 6, 2021, when rioters determined to overturn Republican Donald Trump’s 2020 election loss to Democrat Joe Biden stormed the Capitol in a violent clash with police. The report knocks that theory down. Wray called such theories “ludicrous” at a congressional hearing last year. Asked for comment on the false claims spreading online, Stephanie Logan, a spokesperson for the inspector general’s office, pointed The Associated Press to a press release about the report. In addition to its findings about the the FBI’s involvement on Jan. 6, the report said that the FBI, in an action its now-deputy director described as a “basic step that was missed,” failed to canvass informants across all 56 of its field offices for any relevant intelligence ahead of time. That was a step, the report concluded, “that could have helped the FBI and its law enforcement partners with their preparations in advance of January 6.” However, it did credit the bureau for preparing for the possibility of violence and for trying to identify known “domestic terrorism subjects” who planned to come to Washington that day. The FBI said in a letter responding to the report that it accepts the inspection general’s recommendation “regarding potential process improvements for future events.”

NoneGiants release quarterback Daniel Jones just days after benching him EAST RUTHERFORD, N.J. (AP) — The Daniel Jones era in New York is over. The Giants quarterback was granted his release by the team just days after the franchise said it was benching him in favor of third-stringer Tommy DeVito. New York president John Mara said Jones approached the team about releasing him and the club obliged. Mara added he was “disappointed” at the quick dissolution of a once-promising relationship between Jones and the team. Giants coach Brian Daboll benched Jones in favor of DeVito following a loss to the Panthers in Germany that dropped New York's record to 2-8. Week 16 game between Denver Broncos and Los Angeles Chargers flexed to Thursday night spot The Los Angeles Chargers have played their way into another prime time appearance. Justin Herbert and company have had their Dec. 22 game against the Denver Broncos flexed to Thursday night, Dec. 19. Friday’s announcement makes this the first time a game has been flexed to the Thursday night spot. The league amended its policy last season where Thursday night games in Weeks 13 through 17 could be flexed with at least 28 days notice prior to the game. The matchup of AFC West division rivals bumps the game between the Cleveland Browns and Cincinnati Bengals to Sunday afternoon. NBA memo to players urges increased vigilance regarding home security following break-ins MIAMI (AP) — The NBA is urging its players to take additional precautions to secure their homes following reports of recent high-profile burglaries of dwellings owned by Milwaukee Bucks forward Bobby Portis and Kansas City Chiefs teammates Patrick Mahomes and Travis Kelce. In a memo sent to team officials, a copy of which was obtained by The Associated Press, the NBA revealed that the FBI has connected some burglaries to “transnational South American Theft Groups” that are “reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” Noodles and wine are the secret ingredients for a strange new twist in China's doping saga Blame it on the noodles. That's what one Chinese official suggested when anti-doping leaders were looking for answers for the doping scandal that cast a shadow over this year's Olympic swim meet. Earlier this year, reports that 23 Chinese swimmers had tested positive for a banned heart medication emerged. None were sanctioned because Chinese authorities determined the swimmers were contaminated by traces of the drug spread about a hotel kitchen. In a strange twist, the leader of China's anti-doping agency suggested this case could have been similar to one in which criminals were responsible for tainting noodles that were later eaten by another Chinese athlete who also tested positive for the drug. Conor McGregor must pay woman $250K in sexual assault case, civil jury rules LONDON (AP) — A civil jury in Ireland has found that mixed martial arts fighter Conor McGregor sexually assaulted a woman in a hotel penthouse after a night of heavy partying. The Dublin jury awarded the woman more than $250,000 for her lawsuit that claimed McGregor “brutally raped and battered” her on Dec. 9, 2018. The lawsuit says the assault left her heavily bruised and suffering from post-traumatic stress disorder. McGregor testified he never forced her to do anything and that the woman had fabricated her allegations after the two had consensual sex. The jury found for the woman on Friday. Nick Chubb plows through heavy snow for 2-yard TD, giving Browns 24-19 win over Steelers CLEVELAND (AP) — Nick Chubb ran for a 2-yard touchdown in heavy snow with 57 seconds left, and the Cleveland Browns stunned division rival Pittsburgh 24-19, ending the Steelers’ five-game winning streak. The Browns had blown a 12-point lead in the fourth quarter and were down 19-18 before getting the ball back with 3:22 remaining after Pittsburgh punter Corliss Waitman shanked a 16-yarder. With snow piling up and covering the yard lines on the field, Cleveland’s Jameis Winston completed a third-down pass to Jerry Jeudy to the Pittsburgh 9. Two plays later, Chubb barreled into the end zone. The AFC North-leading Steelers fell to 8-3 while the Browns are 3-8. Shohei Ohtani in early stages of rehab from shoulder surgery and hopes to be ready for opening day LOS ANGELES (AP) — Shohei Ohtani is in the early stages of rehabilitation from left shoulder surgery after the World Series. The Los Angeles Dodgers superstar says the goal is for him to be ready to pitch and hit by opening day next March, but he's going to be conservative in his approach and make sure he's totally healthy first. Ohtani won his third MVP award Thursday, and first in the National League. He was in Los Angeles with his wife and beloved dog, Decoy, although because of his surgery four days after the Dodgers' World Series victory over the New York Yankees, the family hasn't been able to celebrate. Caitlin Clark to join Cincinnati bid for 16th National Women's Soccer League team WNBA star Caitlin Clark has joined Cincinnati’s bid for an expansion National Women’s Soccer League team. Major League Soccer franchise FC Cincinnati is heading the group vying to bring a women’s pro team to the city. The club issued a statement confirming Clark had joined the bid group. NWSL Commissioner Jessica Berman has said the league plans to announce the league’s 16th team by the end of the year. The league's 15th team will begin play in 2026 in Boston. In a 'Final Four-type weekend,' two top-6 clashes put women's college basketball focus on West Coast LOS ANGELES (AP) — Two games featuring four powerhouse teams has put the focus in women's college basketball on the West Coast this weekend. JuJu Watkins and No. 3 Southern California host Hannah Hidalgo and No. 6 Notre Dame on Saturday. Top-ranked South Carolina visits Lauren Betts and fifth-ranked UCLA on Sunday. Both games are nationally televised and the arenas are expected to be packed. WNBA scouts will be on hand to check out some of the nation's top talent. Two teams will come away with their first losses of the season. USC coach Lindsay Gottlieb calls it “a Final Four-type weekend.” A documentary featuring Watkins will air on NBC ahead of USC's game, which leads into the Army-Notre Dame football game. Shohei Ohtani wins third MVP award, first in NL. Aaron Judge earns second AL honor in 3 seasons NEW YORK (AP) — Shohei Ohtani won his third Most Valuable Player Award and first in the National League, and Aaron Judge earned his second American League honor on Thursday. Ohtani was a unanimous MVP for the third time, receiving all 30 first-place votes and 420 points in voting by the Baseball Writers’ Association of America. New York Mets shortstop Francisco Lindor was second with 263 points and Arizona second baseman Ketel Marte third with 229. Judge was a unanimous pick for the first time. Kansas City shortstop Bobby Witt Jr. got all 30 second-place votes for 270 points, and Yankees outfielder Juan Soto was third with 21 third-place votes and 229 points.

WASHINGTON — Only about 2 in 10 Americans approve of President Joe Biden's decision to pardon his son Hunter after earlier promising he would do no such thing, according to a poll from The Associated Press-NORC Center for Public Affairs Research. That displeasure tracks with the bipartisan uproar in Washington that ignited over the president's about-face. The survey found that a relatively small share of Americans "strongly" or "somewhat" approve of the pardon, which came after the younger Biden was convicted on gun and tax charges. About half said they "strongly" or "somewhat" disapprove, and about 2 in 10 neither approve nor disapprove. The Democratic president said repeatedly that he would not use his pardon power for the benefit of his family, and the White House continued to insist, even after Republican Donald Trump's election win in November, that Biden's position had not changed — until it suddenly did. Hunter Biden leaves federal court Sept. 5 in Los Angeles after pleading guilty to federal tax charges. "I know it's not right to believe politicians as far as what they say compared to what they do, but he did explicitly say, 'I will not pardon my son,'" said Peter Prestia, a 59-year-old Republican from Woodland Park, New Jersey, just west of New York City, who said he strongly disagreed with the move. "So, it's just the fact that he went back on his word." In issuing a pardon Dec. 1, Biden argued that the Justice Department had presided over a "miscarriage of justice" in prosecuting his son. The president used some of the same kind of language that Trump does to describe the criminal cases against him and his other legal predicaments. White House press secretary Karine Jean-Pierre said it was a decision that Biden struggled with but came to shortly before he made the announcement, "because of how politically infected these cases were" as well as "what his political opponents were trying to do." The poll found that about 4 in 10 Democrats approve of the pardon, while about 3 in 10 disapprove and about one-quarter did not have an opinion or did not know enough to say. The vast majority of Republicans and about half of independents had a negative opinion. President Joe Biden and son Hunter Biden walk Nov. 29 in downtown Nantucket Mass. For some, it was easy to see family taking priority over politics. "Do you have kids?" asked Robert Jenkins, a 63-year-old Democrat who runs a lumber yard and gas station in Gallipolis, Ohio. "You're gonna leave office and not pardon your kid? I mean, it's a no-brainer to me." But Prestia, who is semiretired from working for a digital marketing conglomerate, said Biden would have been better off not making promises. "He does have that right to pardon anybody he wants. But he just should have kept his mouth shut, and he did it because it was before the election, so it's just a bold-faced lie," Prestia said. Despite the unpopularity of his decision, the president's approval rating has not shifted meaningfully since before his party lost the White House to Trump. About 4 in 10 Americans "somewhat" or "strongly" approve of the way Biden is handling his job as president, which is about where his approval rating stood in AP-NORC polls since January 2022. Still, the pardon keeps creating political shock waves, with Republicans, and even some top Democrats, decrying it. Older adults are more likely than younger ones to approve of Biden's pardoning his son, according to the poll, though their support is not especially strong. About one-third of those ages 60 and older approve, compared with about 2 in 10 adults under 60. The age divide is driven partially by the fact that younger adults are more likely than older ones to say they neither approve nor disapprove of the pardon or that they do not know enough to say. President Joe Biden walks with his son Hunter Biden on July 26 as he heads toward Marine One on the South Lawn of the White House in Washington. About 6 in 10 white adults disapprove of the pardon, compared with slightly less than half of Hispanic adults and about 3 in 10 Black adults. Relatively large shares of Black and Hispanic Americans — about 3 in 10 — were neutral, the poll found. "Don't say you're gonna do something and then fall back," said Trinell Champ, 43, a Democrat from Nederland, Texas, who works in the home health industry and said she disapproved of the pardon. "At the end of the day, all you have is your word." Champ, who is Black, voted for Democratic Vice President Kamala Harris over Trump. "I just had my hopes up for her, but I wasn't 100% positive," she said. Champ also said she does not approve of Biden's handling of the presidency and thinks the country is on the wrong track. "While he was in office, I felt like I really didn't see a lot of changes," she said. "I just felt like everything just kind of stayed the same," Champ said. Overall, though, the pardon did not appear to be a driving factor in many Americans' assessment of Biden's job performance. The share of Black Americans who approve of the way he is handling his job as president did fall slightly since October, but it is hard to assess what role the pardon may have played. Sen. Joe Biden (D-Del.) carries both of his sons, Joseph R. III, left, and Robert H., during an appearance at the Democratic state convention last summer, 1972. At center is his wife Neilia Biden, who was killed in an auto crash, Dec. 20, 1972. With them are Governor-elect Sherman W. Tribbitt and his wife, Jeanne. (AP Photo) Joseph Biden, the newly-elected Democratic Senator from Delaware, is shown in Washington, Dec. 12, 1972. (AP Photo/Henry Griffin) 1972 - Is first elected to the Senate at age 29, defeating Republican Senator J. Caleb Boggs. Wins re-election in 1978, 1984, 1990, 1996 and 2002. The newly-elected Democratic senator from Delaware, Joe Biden, is shown, Dec. 13, 1972. Sen. Joe Biden (D-Del.) kisses the cheek of an unidentified friend who offered consoling words after a memorial service in Wilmington, Del., Dec. 22, 1972, for Biden's wife Neilia, their 13-month-old daughter Naomi Christina, who perished in a car-truck crash. Biden's two sons were hospitalized with serious injuries. (AP Photo/Bill Ingraham) December 18, 1972 - While Christmas shopping, Biden's first wife, Neilia Hunter Biden, and daughter, Naomi Biden, are killed in a car accident. His sons are badly injured, but survive. January 5, 1973 - Is sworn in as US senator of Delaware at son Beau Biden's bedside in the hospital. In this Jan. 5, 1973 file photo, four-year-old Beau Biden, foreground, plays near his father, Joe Biden, center, being sworn in as the U.S. senator from Delaware, by Senate Secretary Frank Valeo, left, in ceremonies in a Wilmington hospital. Beau was injured in an accident that killed his mother and sister in December 1972. Biden's father, Robert Hunter, holds the Bible. (AP Photo/File) 1987-1995 - Chairman of the Senate Committee on the Judiciary. Sen. Joe Biden (D-Del.), chairman of the Senate Judiciary Committee, rubs his temples while speaking during confirmation hearings for Supreme Court nominee Robert H. Bork, Sept. 17, 1987, on Capitol Hill. (AP Photo/John Duricka) June 9, 1987 - Enters the 1988 presidential race, but drops out three months later following reports of plagiarism and false claims about his academic record. Sen. Joe Biden (D-Del.) waves from his train as he leaves Wilmington, Del., after announcing his candidacy for president, June 9, 1987. At right, son Beau carries daughter; to Biden's right is his wife Jill and son Hunter. (AP Photo/George Widman) February 1988 - Undergoes surgery to repair an aneurysm in an artery that supplies blood to the brain. Sen. Joseph Biden (D-Del.), wearing a University of Delaware baseball cap, leaves Walter Reed Army Hospital accompanied by his son Hunter Biden, Thursday, March 24, 1988, Washington, D.C. Biden had been in the hospital for 11 days so that surgeons could implant a small umbrella-like filter in a vein to prevent blood clots from reaching his lungs. (AP Photo/Adele Starr) In this Oct. 12, 1991 file photo Senate Judiciary Committee Chairman Joe Biden, D-Del., points angrily at Clarence Thomas during comments at the end of hearings on Thomas' nomination to the Supreme Court on Capitol Hill. Sen. Edward Kennedy, D-Mass. looks on at right. (AP Photo/Greg Gibson, File) January 20, 1990 - Introduces a bill that becomes the Violence Against Women Act (VAWA). The act addresses sexual assault and domestic violence. It is signed into law by President Bill Clinton in 1994. Sen. Joe Biden (D-Del.), left, stands behind a flag as Sen. Barbara Boxer (D-Calif.), second from right, along with other congresswomen meet reporters on Capitol Hill, Feb. 24, 1993, to discuss the Violence Against Women Act. From left are: Sen. Biden; Rep. Louise Slaughter (D-N.Y.); Rep. Pat Schroeder (D-Colo); Sen. Boxer; and Rep. Constance Morella of Maryland. (AP Photo/Barry Thumma) In this April 9, 1993, file photo Sen. Joe Biden, D-Del. stands in front of a Danish armored personnel carrier at the UN-controlled Sarajevo Airport, making a statement about his trip to the besieged Bosnian capital. (AP Photo/Michael Stravato, File) Sen. Joseph Biden, D-Del., ranking Democrat on the Senate Foreign Relations Committee, meets reporters on Capitol Hill Thursday, Oct. 16, 2003 to discuss the United Nations-Iraq vote. (AP Photo/Terry Ashe) Democratic presidential hopeful, and Senate Foreign Relations Committee Chairman Sen. Joseph Biden, D-Del., presides over a hearing of the committee on Capitol Hill in Washington, Thursday, Feb. 1, 2007 to discuss the remaining options in Iraq. (AP Photo/Dennis Cook) Democratic presidential hopeful U.S. Sen. Joseph Biden D-Del., smiles during the Iowa Federation of Labor, AFL-CIO Presidential Forum Wednesday, Aug. 15, 2007, in Waterloo, Iowa. (AP Photo/M. Spencer Green) January 31, 2007 - Files a statement of candidacy with the Federal Elections Commission to run for president. August 1, 2007 - His memoir, "Promises to Keep: On Life and Politics," is published. Sen. Joe Biden, D-Del., left, listens as Sen. Barack Obama, D-Ill., responds to a question during the first Democratic presidential primary debate of the 2008 election hosted by the South Carolina State University in Orangeburg, SC., Thursday, April 26, 2007. At right is Sen. Hillary Rodham Clinton, D-NY. (AP Photo/J. Scott Applewhite) Sen. Joseph Biden, D-Del., speaks at a Caucus night rally in Des Moines, Iowa, Thursday, Jan. 3, 2008. Biden abandoned his bid for the Democratic presidential nomination Thursday after a poor showing in the state's caucuses. (AP Photo/Jeff Chiu) In this Jan. 3, 2008, file photo, Democratic presidential hopeful, Sen. Joe Biden, D-Del., rests his head on the shoulder of his wife, Jill, as they stand in a hallway awaiting his introductions for a rally at the UAW Hall in Dubuque, Iowa on the day of the Iowa caucus in Dubuque, Iowa. (AP Photo/Mark Hirsch, File) August 23, 2008 - Is named the vice-presidential running mate of Barack Obama. In this Aug. 23, 2008 file photo, Democratic presidential candidate Sen. Barack Obama D-Ill., and his vice presidential running mate Sen. Joe Biden, D-Del., appear together in Springfield, Ill. (AP Photo/M. Spencer Green, file) In this Sept. 16, 2008 file photo, then Democratic vice presidential candidate Sen. Joe Biden, D-Del. arrives by Amtrak in Wilmington, Del., (AP Photo/Gerald Herbert, File) In this Oct. 2,2008 file photo, Democratic vice presidential candidate Sen. Joe Biden, D-Del., left, and Republican vice presidential candidate Alaska Gov. Sarah Palin face off during the vice presidential debate at Washington University in St. Louis. (AP Photo/Tom Gannam, File) November 4, 2008 - Is elected vice president of the United States. President-elect Barack Obama, left, and Vice President-elect Joe Biden wave to the crowd after Obama's acceptance speech at his election night party at Grant Park in Chicago before giving his acceptance speech Tuesday night, Nov. 4, 2008. (AP Photo/Morry Gash) January 20, 2009 - Is sworn in as vice president of the United States. Vice President Joe Biden, left, with his wife Jill at his side, taking the oath of office from Justice John Paul Stevens at the U.S. Capitol in Washington, Tuesday, Jan. 20, 2009. (AP Photo/Elise Amendola) February 7, 2009 - Delivers his first major speech as vice president at a security conference in Germany. US Vice President Joe Biden addresses the participants of the International Conference on Security Policy, Sicherheitskonferenz, at the hotel "Bayerischer Hof" in Munich, southern Germany, on Saturday, Feb. 7, 2009. September 1, 2010 - Presides over a ceremony in Iraq to formally mark the end of the US combat mission in Iraq. US Vice President Joe Biden, left, US Secretary of Defense Robert Gates, center, and Chairman of the Joint Chiefs Admiral Mike Mullen, right, stand while the US National Anthem is played during the United States Forces-Iraq change of command ceremony in Baghdad on Wednesday Sept. 1, 2010, as a new US military mission in Iraq was launched ending seven years of combat. (AP Photo/Jim Watson Pool) November 6, 2012 - Obama and Biden are reelected, defeating Mitt Romney and Paul Ryan. Vice President Joe Biden exits with his wife Jill Biden after voting at Alexis I. duPont High School, Tuesday, Nov. 6, 2012, in Greenville, Del. (AP Photo/Matt Rourke) Vice President Joe Biden, with his wife Jill Biden, center, holding the Biden Family Bible, shakes hands with Supreme Court Justice Sonia Sotomayor after taking the oath of office during an official ceremony at the Naval Observatory, Sunday, Jan. 20, 2013, in Washington. (AP Photo/Carolyn Kaster) October 2, 2014 - Speaking at the John F. Kennedy School of Government at Harvard University, Biden tells attendees that ISIS has been inadvertently strengthened by actions taken by Turkey, the UAE and other Middle Eastern allies to help opposition groups fighting against Syrian President Bashar al-Assad. In this Thursday, Oct. 2, 2014 file photo, Vice President Joe Biden speaks to students, faculty and staff at Harvard University in Cambridge, Mass. Biden is due to headline a Democratic campaign rally in Las Vegas, with a downtown appearance Monday, Oct. 6, 2014, to talk about raising the minimum wage. (AP Photo/Winslow Townson,File) May 30, 2015 - Biden's eldest son, Beau Biden, passes away from brain cancer at age 46. In this June 6, 2015 file photo, Vice President Joe Biden, accompanied by his family, holds his hand over his heart as he watches an honor guard carry a casket containing the remains of his son, former Delaware Attorney General Beau Biden, into St. Anthony of Padua Roman Catholic Church in Wilmington, Del. for funeral services. Beau Biden died of brain cancer May 30 at age 46. (AP Photo/Patrick Semansky) October 21, 2015 - Says he will not seek the presidency, announcing that the window for a successful campaign "has closed." December 6, 2016 - Doesn't rule out running for president in 2020, saying "I'm not committing not to run. I'm not committing to anything. I learned a long time ago fate has a strange way of intervening." President Barack Obama hugs Vice President Joe Biden as Biden waves at the end Biden's announcement in the Rose Garden of the White House in Washington, Wednesday, Oct. 21, 2015, that he will not run for the presidential nomination. Jill Biden is at right. (AP Photo/Jacquelyn Martin) Vice President Joe Biden pauses between mock swearing in ceremonies in the Old Senate Chamber on Capitol Hill in Washington, Tuesday, Jan. 3, 2017, as the 115th Congress begins. (AP Photo/Alex Brandon) January 12, 2017 - Obama surprises Biden by presenting him the Presidential Medal of Freedom, the nation's highest civilian honor, during a White House ceremony. President Barack Obama presents Vice President Joe Biden with the Presidential Medal of Freedom during a ceremony in the State Dining Room of the White House in Washington, Thursday, Jan. 12, 2017. (AP Photo/Susan Walsh) February 1, 2017 - Biden and his wife, Jill Biden, launch the Biden Foundation, an organization that will work on seven issues: foreign policy; Biden's cancer initiative; community colleges and military families; protecting children; equality; ending violence against women; and strengthening the middle class. February 7, 2017 - Is named the Benjamin Franklin presidential practice professor at the University of Pennsylvania, where he will lead the Penn Biden Center for Diplomacy and Global Engagement. He will also serve as the founding chair of the University of Delaware's Biden Institute, the university announces. March 1, 2017 - Biden receives the Congressional Patriot Award from the Bipartisan Policy Center. He receives the honor in recognition of his work crafting bipartisan legislation with Republicans and Democrats. Former Vice President Joe Biden tucks notes into his jacket after speaking at an event to formally launch the Biden Institute, a research and policy center focused on domestic issues at the University of Delaware, in Newark, Del., Monday, March 13, 2017. (AP Photo/Patrick Semansky) In this March 26, 2019, file photo, former Vice President Joe Biden speaks at the Biden Courage Awards in New York. (AP Photo/Frank Franklin II, File) April 25, 2019 - Announces he is running for president in a campaign video posted to social media. Hours later, the Biden Foundation board chair, Ted Kaufman, announces the immediate suspension of all the organization's operations. Former Vice President and Democratic presidential candidate Joe Biden arrives at the Wilmington train station Thursday April 25, 2019 in Wilmington, Delaware. Biden announced his candidacy for president via video on Thursday morning. (AP Photo/Matt Slocum) In this June 6, 2019, file photo, Democratic presidential candidate former Vice President Joe Biden speaks during the "I Will Vote" fundraising gala in Atlanta. Biden shifted to oppose longstanding restrictions on federal funding of abortion during his remarks. (AP Photo/John Bazemore, File) Democratic presidential candidate, former Vice President Joe Biden signs a copy of his book "Promise Me, Dad" at a campaign rally at Modern Woodmen Park, Sunday, Jan. 5, 2020, in Davenport, Iowa. (AP Photo/Andrew Harnik) Democratic presidential candidate former Vice President Joe Biden speaks at a primary night election rally in Columbia, S.C., Saturday, Feb. 29, 2020 after winning the South Carolina primary. (AP Photo/Gerald Herbert) Democratic presidential candidate former Vice President Joe Biden speaks at a primary night election rally in Columbia, S.C., Saturday, Feb. 29, 2020, after winning the South Carolina primary. (AP Photo/Matt Rourke) Democratic presidential candidate former Vice President Joe Biden speaks at a primary election night campaign rally Tuesday, March 3, 2020, in Los Angeles. (AP Photo/Chris Carlson) August 20, 2020: Joe Biden accepts the Democratic nomination for president Democratic presidential candidate former Vice President Joe Biden speaks during the fourth day of the Democratic National Convention, Thursday, Aug. 20, 2020, at the Chase Center in Wilmington, Del. (AP Photo/Andrew Harnik) Democratic presidential candidate former Vice President Joe Biden, with Democratic vice presidential candidate Sen. Kamala Harris, D-Calif., raise their arms up as fireworks go off in the background during the fourth day of the Democratic National Convention, Thursday, Aug. 20, 2020, at the Chase Center in Wilmington, Del. Looking on are Jill Biden, far left, and Harris' husband Doug Emhoff, far right. (AP Photo/Andrew Harnik) President Donald Trump, left, and Democratic presidential candidate former Vice President Joe Biden, right, with moderator Chris Wallace, center, of Fox News during the first presidential debate Tuesday, Sept. 29, 2020, at Case Western University and Cleveland Clinic, in Cleveland, Ohio. (AP Photo/Patrick Semansky) Democratic presidential candidate former Vice President Joe Biden, right, and former President Barack Obama greet each other with an air elbow bump, at the conclusion of rally at Northwestern High School in Flint, Mich., Saturday, Oct. 31, 2020. (AP Photo/Andrew Harnik) Democratic presidential candidate former Vice President Joe Biden arrives to speak at a rally at Belle Isle Casino in Detroit, Mich., Saturday, Oct. 31, 2020, which former President Barack Obama also attended. (AP Photo/Andrew Harnik) President-elect Joe Biden gestures on stage after speaking, Saturday, Nov. 7, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik, Pool) FILE - In this Saturday, Nov. 7, 2020, file photo, from left, Doug Emhoff, husband of Vice President-elect Kamala Harris, Harris, President-elect Joe Biden and his wife, Jill Biden, stand on stage together, in Wilmington, Del. The theme for Biden’s inauguration will be “America United." Unity is an issue that’s long been a central focus for Biden but one that’s taken on added weight in the wake of the violence at the U.S. Capitol. (AP Photo/Andrew Harnik, Pool, File) President-elect Joe Biden announces his climate and energy team nominees and appointees at The Queen Theater in Wilmington Del., Saturday, Dec. 19, 2020. (AP Photo/Carolyn Kaster) President Joe Biden speaks about his domestic agenda from the East Room of the White House in Washington on Oct. 28, 2021. (AP Photo/Susan Walsh) U.S. President Joe Biden, left, shakes hands with Pope Francis as they meet at the Vatican on Oct. 29, 2021. (Vatican Media via AP) President Joe Biden removes his face mask as he arrives in the East Room of the White House to speak about the evacuation of American citizens, their families, special immigrant visa applicants and vulnerable Afghans on Aug. 20, 2021, in Washington. (AP Photo/Manuel Balce Ceneta) Cherelle Griner, wife of WNBA star Brittney Griner, speaks after President Joe Biden announced Brittney Griner's release in a prisoner swap with Russia on Dec. 8, 2022, in the Roosevelt Room of the White House in Washington. Also attending are Secretary of State Antony Blinken, left, and Vice President Kamala Harris. President Joe Biden holds the microphone to Chocolate, the national Thanksgiving turkey, during a pardoning ceremony Nov. 21, 2022, at the White House in Washington. President Joe Biden holds an Atlanta Braves jersey during an event celebrating the Major League Baseball 2021 World Series champion Atlanta Braves in the East Room of the White House on Sept. 26, 2022, in Washington. President Joe Biden receives his COVID-19 booster from a member of the White House medical unit during an event in the South Court Auditorium on the White House campus on Oct. 25, 2022, in Washington. President Joe Biden and first lady Jill Biden arrive to give treats to trick-or-treaters on the South Lawn of the White House, on Halloween on Oct. 31, 2022, in Washington. U.S. President Joe Biden, left, talks with Indonesian President Joko Widodo during their bilateral meeting ahead of the G20 Summit in Nusa Dua, Bali, Indonesia, on Nov. 14, 2022. U.S. President Joe Biden, right, and Chinese President Xi Jinping shake hands before a meeting on the sidelines of the G20 summit meeting Nov. 14, 2022, in Bali, Indonesia. President Joe Biden is greeted by Israeli Prime Minister Benjamin Netanyahu after arriving at Ben Gurion International Airport on Oct. 18, 2023, in Tel Aviv. President Joe Biden speaks from the Oval Office of the White House on Oct. 19, 2023, in Washington, about the war in Israel and Ukraine. President Joe Biden arrives to speak at the Amtrak Bear Maintenance Facility on Nov. 6, 2023, in Bear, Del. President Joe Biden, accompanied by Office of Management and Budget director Shalanda Young, left, and Women's Alzheimer's Movement founder Maria Shriver, right, gives first lady Jill Biden a kiss after giving her the pen he used to sign a presidential memorandum that will establish the first-ever White House Initiative on Women's Health Research in the Oval Office of the White House on Nov. 13, 2023, in Washington. President Joe Biden pauses as he speaks to reporters in Nantucket, Mass. on Nov. 26, 2023, about hostages freed by Hamas in a third set of releases under a four-day cease-fire deal between Israel and Hamas. President Joe Biden shakes hands with Ukrainian President Volodymyr Zelenskyy as they meet in the Oval Office of the White House on Dec. 12, 2023, in Washington. President Joe Biden and Ukrainian President Volodymyr Zelenskyy depart a news conference in the Indian Treaty Room in the Eisenhower Executive Office Building on the White House Campus on Dec. 12, 2023, in Washington. President Joe Biden speaks during a funeral service for retired Supreme Court Justice Sandra Day O'Connor at the Washington National Cathedral on Dec. 19, 2023, in Washington. O'Connor, an Arizona native and the first woman to serve on the nation's highest court, died Dec. 1, 2023, at age 93. President Joe Biden arrives to deliver remarks on the economy on June 28, 2023, at the Old Post Office in Chicago. President Joe Biden, right, stands as an Army carry team moves the transfer case containing the remains of U.S. Army Sgt. Kennedy Ladon Sanders, 24, of Waycross, Ga., at Dover Air Force Base, Del., on Feb. 2, 2024. Sanders was killed in a drone attack in Jordan on Jan. 28, 2024. President Joe Biden speaks during the State of the Union address on Capitol Hill on March 7, 2024, in Washington, as Vice President Kamala Harris and House Speaker Mike Johnson listen. Vice President Kamala Harris embraces President Joe Biden after a speech on health care in Raleigh, N.C., on March. 26, 2024. President Joe Biden greets Zion Schrode, 8 months, of Marin County, Calif., as he is held by his mother Erin Schrode during a Jewish American Heritage Month event, on May 20, 2024, in the Rose Garden of the White House in Washington. Kansas City Chiefs coach Andy Reid, left, and CEO Clark Hunt, right, watch as President Joe Biden, center, puts on a Chiefs helmet during an event with the Super Bowl-champion Kansas City Chiefs on the South Lawn of the White House, on May 31, 2024, to celebrate their championship season and victory in Super Bowl LVIII. President Joe Biden and first lady Jill Biden walk in the Normandy American Cemetery following a ceremony to mark the 80th anniversary of D-Day, on June 6, 2024, in Normandy. U.S. President Joe Biden, right, greets Pope Francis ahead of a working session on Artificial Intelligence (AI), Energy, Africa-Mediterranean, on day two of the 50th G7 summit at Borgo Egnazia, southern Italy, on June 14, 2024. President Joe Biden speaks during a campaign event with former President Barack Obama moderated by Jimmy Kimmel at the Peacock Theater on June 15, 2024, in Los Angeles. President Joe Biden, right, and Republican presidential candidate former President Donald Trump, left, participate in a presidential debate hosted by CNN on June 27, 2024, in Atlanta. First lady Jill Biden, President Joe Biden, Vice President Kamala Harris, and second gentleman Douglas Emhoff view the Independence Day firework display over the National Mall from the balcony of the White House, on July 4, 2024, in Washington. President Joe Biden, right, and the Rev. Dr. J. Louis Felton pray at a church service at Mt. Airy Church of God in Christ on July 7, 2024, in Philadelphia. President Joe Biden addresses the nation from the Oval Office of the White House in Washington on July 14, 2024, about the assassination attempt of Republican presidential candidate former President Donald Trump at a campaign rally in Pennsylvania. President Joe Biden pauses as he speaks at the Biden campaign headquarters in Wilmington, Del., on Feb. 3, 2024. President Joe Biden walks on stage to speak during the NAACP national convention July 16, 2024, in Las Vegas. President Joe Biden walks between tombstones as he arrives to attend a mass at St. Joseph on the Brandywine Catholic Church in Wilmington, Del., on July 6, 2024. The poll of 1,251 adults was conducted Dec. 5-9, 2024, using a sample drawn from NORC's probability-based AmeriSpeak Panel, which is designed to be representative of the U.S. population. The margin of sampling error for adults overall is plus or minus 3.7 percentage points. Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter.Netmarble and Warner Bros. Interactive Entertainment have revealed Game of Thrones: Kingsroad, a newly announced action-adventure RPG set to launch in 2025. The first trailer for the upcoming title debuted Thursday night during The Game Awards, offering a glimpse of the game’s original storyline set during the events of HBO’s acclaimed fantasy series. Developed for mobile platforms with additional versions under consideration, Game of Thrones: Kingsroad places players in the role of a fresh protagonist who unexpectedly becomes heir to House Tyre, a lesser-known noble family in the North. Starting during Season 4’s timeline, the narrative has players forging their legacy while navigating Westeros’ political upheavals and its perilous frontiers, including the threats lurking beyond the Wall. Players will have access to a robust character creator and can choose between three distinct classes: Sellsword, Knight, and Assassin. Each class features unique combat abilities that will be essential to surviving the game’s challenges and seizing the opportunities the Kingsroad presents. According to Netmarble CEO Young-sig Kwon, the studio aims to expand the Game of Thrones universe by inviting fans into new stories and experiences that capture the show’s complex themes and dramatic tension. Game of Thrones: Kingsroad is slated to launch across the Americas, Europe, Africa, Oceania, and the Middle East in 2025, with release plans for Asia to follow at a later date. Fans can expect more details in the coming months, including platform availability and regional releases.

TRENTON, N.J. (AP) — New Jersey interim Sen. George Helmy, a Democrat appointed when Bob Menendez resigned after a federal corruption conviction , is stepping down this weekend so Sen.-elect Andy Kim can be sworn in early. The move was expected and confirmed what Helmy and Democratic Gov. Phil Murphy announced during his appointment this summer — that Helmy would resign early so the winner of November's election could get into office before the start of the new session of Congress next month. Murphy explained the arrangement, saying he wanted the “democratically chosen winner” of this year's election to have a smooth transition into office. Kim defeated Republican businessman Curtis Bashaw on Election Day. He'll become the first Korean-American in the Senate when he is sworn in on Monday. Helmy is a former chief of staff to Murphy and has said he wasn't interested in pursuing elected office. He counted voting to confirm 20 judicial nominations and resolving more than 100 constituent cases as some of his accomplishments in little more than two months in office. Helmy said he's been working closely with Kim since his election in November to “ensure a seamless transition.” Menendez, 70, used his influence to meddle in three different state and federal criminal investigations to protect the businessmen, prosecutors said. They said he helped one bribe-paying friend get a multimillion-dollar deal with a Qatari investment fund and another keep a contract to provide religious certification for meat bound for Egypt. Menendez has vowed to fight the conviction and recently filed for a new trial , citing improper evidence that was put on a computer used by jurors.Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 333 points, or 0.8%, and the Nasdaq composite was essentially flat with a gain of less than 0.1% as of 3:07 p.m. Eastern. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 1.5% after raising its earnings forecast for the year. EchoStar fell 2.4% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.3%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, Bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December.