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Stock market today: Wall Street holds firmer after its three-week slide as Big Tech stocks rebound

Published Mon, 16 Dec 2024 22:12:56 GMT

NEW YORK (AP) — Wall Street held a bit firmer Monday following a painful three-week losing streak.The S&P 500 rose 30.06, or 0.7%, to 4,399.77 for its first gain in five days. Rallies for Nvidia, Microsoft and other Big Tech stocks lifted the index even though the majority of stocks within it fell. The Dow Jones Industrial Average slipped 36.97 points, or 0.1%, to 34,463.69, and the Nasdaq composite climbed 206.81, or 1.6%, to 13,497.59.It was a return to form for Nvidia, Tesla and other market behemoths, which have struggled recently under the weight of rising yields in the bond market. The yield on the 10-year Treasury rose again Monday to touch its highest level since 2007 after briefly climbing above 4.34%. That’s up from 4.25% late Friday and from less than 0.60% in 2020.Higher yields are good for people buying bonds, who get paid more in interest for their investments. But it also makes investors less willing to pay high prices for stocks and other investments that a...

S&P/TSX composite posts small loss Monday, U.S. stocks mixed amid tech gains

Published Mon, 16 Dec 2024 22:12:56 GMT

TORONTO — Canada’s main stock index posted a small loss Monday amid broad-based weakness, while U.S. markets were mixed as the tech-focused Nasdaq gained almost 1.6 per cent. The S&P/TSX composite index closed down 33.52 points at 19,784.87.In New York, the Dow Jones industrial average was down 36.97 points at 34,463.69. The S&P 500 index was up 30.06 points at 4,399.77, while the Nasdaq composite was up 206.81 points at 13,497.59.Monday’s gains were all about tech, said Allan Small, senior investment adviser at iA Private Wealth.Nvidia, the chip-making company that helped drive the tech rally earlier this year, saw several analyst upgrades that boosted its stock, said Small. Nvidia’s stock rose almost 8.5 per cent Monday. The company is set to report results for the latest quarter on Wednesday after the bell. Nvidia’s last report was “one of the best quarterly earnings reports I’ve ever seen from any company in any sector,” said Small.“They just blew it out of t...

Trial scheduled in 2024 for movie armorer in fatal shooting of cinematographer by actor Alec Baldwin

Published Mon, 16 Dec 2024 22:12:56 GMT

SANTA FE, N.M. (AP) — A New Mexico judge has set a 2024 starting date for the trial of movie armorer Hannah Gutierrez-Reed in the fatal shooting of a cinematographer by actor Alec Baldwin during a rehearsal on the set of a Western film.State district court Judge Mary Marlowe Sommer on Monday scheduled the trial to run from Feb. 21 through March 6 in Santa Fe, New Mexico. The first day begins with jury selection.Gutierrez-Reed has pleaded not guilty to charges of involuntary manslaughter and evidence tampering in the fatal shooting of cinematographer Halyna Hutchins during a rehearsal on the set of “Rust” on Oct. 21, 2021.An attorney for Gutierrez-Reed has described the fatal shooting as a tragic accident and says the film’s armorer committed no crime. Gutierrez-Reed is currently the sole criminal defendant. Prosecutors are weighing whether to refile a charge against Baldwin after receiving a new analysis of the gun fired at Hutchins. Special prosecutors dismissed an involuntar...

Weekend bull-running in Mexico sends 2 men to the hospital with serious injuries

Published Mon, 16 Dec 2024 22:12:56 GMT

MEXICO CITY (AP) — Two men remained in the hospital Monday for serious wounds suffered at a weekend bull-running event in central Mexico that saw about 20 people injured, officials reported. The government of the central state of Tlaxcala said in a statement late Sunday that a 31-year-old was gored in the abdomen and a 28-year-old had a horn wound in a leg. Both were listed in “serious” condition. A total of about 20 people were hurt during the traditional event, which was held Saturday in the city of Huamantla, the statement said. Most were treated at the scene or decided to seek treatment on their own. Six were hospitalized, with four being released after recovering. Video of the event shows one bull goring a young man, lifting him into the air and tossing him to the ground. The man appears to lie unconscious on the ground as the bull steps on him. The event is attended by thousands of people, most of whom stand behind metal barriers or atop walls as bulls run through the streets....

House Republicans subpoena IRS and FBI agents involved in Hunter Biden case

Published Mon, 16 Dec 2024 22:12:56 GMT

WASHINGTON (AP) — House Republicans on Monday subpoenaed several FBI and IRS agents involved in the federal investigation into Joe Biden’s son Hunter Biden as the party weighs whether to open an impeachment inquiry into the president this fall.Leaders of the House Judiciary and Ways and Means committees demanded testimony from four agents who worked on the yearslong Justice Department case into President Joe Biden’s youngest son and his tax and business dealings. “Our duty is to follow the facts wherever they may lead, and our subpoenas compelling testimony from Biden administration officials are crucial to understanding how the president’s son received special treatment from federal prosecutors and who was the ultimate decision maker in the case,” Reps. Jim Jordan of Ohio and Jason Smith of Missouri said in a statement. Both men, along with Oversight chairman James Comer, joined forces in June to open an investigation into what they have claimed is widespread, improper interf...

MacKenzie Scott gave 17 nonprofits $97 million in the first half of 2023

Published Mon, 16 Dec 2024 22:12:56 GMT

MacKenzie Scott’s quest to give the bulk of her wealth to charity continues.So far this year, 17 nonprofits have announced they’ve received unrestricted donations from Scott through her Yield Giving fund, according to a Chronicle of Philanthropy tally. The gifts total $97 million and range from $1 million to $15 million. Nearly half went to charities focused on early-childhood education and early-childhood development. Scott has now given more than $14.1 billion to at least 1,621 charities since 2020.To encourage people to focus on the charities rather than on her, Scott has stopped announcing her donations as she had in the past. Now she leaves it up to the charities to decide whether to publicize her gifts. Given the scale of her giving in previous years, it is likely the 17 announced contributions represent only a portion of what she has actually donated so far this year.Charity leaders say they appreciate Scott’s decision to let nonprofits choose whether to publicize the gifts b...

Donald Trump's bond is set at $200,000 in Georgia case over efforts to overturn 2020 election

Published Mon, 16 Dec 2024 22:12:56 GMT

Donald Trump's bond has been set at $200,000 in the Georgia case accusing the former president of illegally scheming to overturn his 2020 election loss, according to court papers filed Monday. The bond agreement, outlined in a document signed by Fulton County District Attorney Fani Willis and Trump's defense attorneys, also bars Trump from intimidating co-defendants, witnesses or victims in the case — including on social media.The order says Trump cannot make any “direct or indirect threat of any nature” against witnesses or co-defendants. It explicitly includes “posts on social media or reposts of posts made by another individual on social media.” He is also prohibited from communicating in any way about the facts of the case with any co-defendant or witness, except through attorneys.The order sets Trump's bond for the Racketeer Influenced and Corrupt Organizations — or RICO — charge at $80,000, and adds $10,000 for each of the 12 other counts he is facing. Willis has set a deadlin...

Illinois lottery player wins largest-ever Fast Play jackpot

Published Mon, 16 Dec 2024 22:12:56 GMT

ILLINOIS — The Illinois Lottery's Fast Play winning jackpot record has been broken for a third time this year, and through the same game.One iLottery player won $1,248,040 Monday morning by playing Twenty 20s; a progressive jackpot game which begins with a $50,000 prize and grows with each ticket sold statewide until the jackpot is won. https://wgntv.com/news/wynonna-judd-announces-rosemont-stop-on-back-to-wy-tour/ This win bested an April prize of $1,000,056, which in turn bested a February win of $979,168.Fast Play games can be purchased in person at participating retail locations or online through the Illinois Lottery's website or mobile app.Fast Play was first introduced by the Illinois Lottery in Sept. 2020. At that time games had to be purchased in person. However they expanded to online play less than two years ago on Nov. 15, 2021.Currently there are 20 Fast Play games offered at various price points and game play.

15-year-old struck by semi wheel while changing tire in Northwest Indiana dies

Published Mon, 16 Dec 2024 22:12:56 GMT

LAKE COUNTY, Ind. — A 15-year-old boy struck by a semi-truck's disengaged wheel while he was changing a tire on I-80/94 in Northwest Indiana died Friday.On Tuesday, authorities responded to eastbound lanes of the interstate near mile marker 0.4, close to the state line, on the report of a person struck by an object.The boy, later identified as William Bell, was on the shoulder helping change a tire with four other people. At the same time, a semi-truck traveling eastbound had a wheel disengage from the rear tandem due to a mechanical issue. Previous: Teen, 15, struck by disengaged wheel from semi in NW Indiana The tire, still attached to the rim, struck the barrier wall and then Bell. He was transported in serious condition to the University of Chicago Medical Center. He died of his injuries on Friday.The four other people sustained non life-threatening injuries.

CPD: Man diagnosed with schizophrenia, bipolar missing since last week

Published Mon, 16 Dec 2024 22:12:56 GMT

CHICAGO -- The Chicago Police Department is asking for the public's help in locating a missing 28-year-old man who is diagnosed with schizophrenia and bipolar disorder.Deon Allen, 28, was last seen by his brother, Donnell, on Wednesday, Aug 16. GoFundMe created for brothers killed while shielding three-year-old cousin from gunfire in Glenview Allen is described as 5-foot-9, weighing 250 pounds, with black hair and brown eyes. He was reportedly last seen wearing a white t-shirt, black jogging pants, and red timberland boots.Allen reportedly has been diagnosed with schizophrenia and bipolar disorder. He was reported missing by his grandmother, Doris Bozeman.Anyone with information regarding Deon Allen's whereabouts are asked to contact the Chicago Police Department at 312-746-8251.