Boxing Day shopper footfall was down 7.9% from last year across all UK retail destinations up until 5pm, MRI Software’s OnLocation Footfall Index found. However, this year’s data had been compared with an unusual spike in footfall as 2023 was the first “proper Christmas” period without Covid-19 pandemic restrictions, an analyst at the retail technology company said. It found £4.6 billion will be spent overall on the festive sales. Before the pandemic the number of Boxing Day shoppers on the streets had been declining year on year. The last uplift recorded by MRI was in 2015. Jenni Matthews, marketing and insights director at MRI Software, told the PA news agency: “We’ve got to bear in mind that (last year) was our first proper Christmas without any (Covid-19) restrictions or limitations. “Figures have come out that things have stabilised, we’re almost back to what we saw pre-pandemic.” There were year-on-year declines in footfall anywhere between 5% and 12% before Covid-19 restrictions, she said. MRI found 12% fewer people were out shopping on Boxing Day in 2019 than in 2018, and there were 3% fewer in 2018 than in 2017, Ms Matthews added. She said: “It’s the shift to online shopping, it’s the convenience, you’ve got the family days that take place on Christmas Day and Boxing Day.” People are also increasingly stocking-up before Christmas, Ms Matthews said, and MRI found an 18% increase in footfall at all UK retail destinations on Christmas Eve this year compared with 2023. Ms Matthews said: “We see the shops are full of people all the way up to Christmas Eve, so they’ve probably got a couple of good days of food, goodies, everything that they need, and they don’t really need to go out again until later on in that week. “We did see that big boost on Christmas Eve. It looks like shoppers may have concentrated much of their spending in that pre-Christmas rush.” Many online sales kicked off between December 23 and the night of Christmas Day and “a lot of people would have grabbed those bargains from the comfort of their own home”, she said. She added: “I feel like it’s becoming more and more common that people are grabbing the bargains pre-Christmas.” Footfall is expected to rise on December 27 as people emerge from family visits and shops re-open, including Next, Marks and Spencer and John Lewis that all shut for Boxing Day. It will also be payday for some as it is the last Friday of the month. A study by Barclays Consumer Spend had forecast that shoppers would spend £236 each on average in the Boxing Day sales this year, but that the majority of purchases would be made online. Nearly half of respondents said the cost-of-living crisis will affect their post-Christmas shopping but the forecast average spend is still £50 more per person than it was before the pandemic, with some of that figure because of inflation, Barclays said. Amid the financial pressures, many people are planning to buy practical, perishable and essential items such as food and kitchenware. A total of 65% of shoppers are expecting to spend the majority of their sales budget online. Last year, Barclays found 63.9% of Boxing Day retail purchases were made online. However, a quarter of respondents aim to spend mostly in store – an 11% rise compared with last year. Karen Johnson, head of retail at Barclays, said: “Despite the ongoing cost-of-living pressures, it is encouraging to hear that consumers will be actively participating in the post-Christmas sales. “This year, we’re likely to see a shift towards practicality and sustainability, with more shoppers looking to bag bargains on kitchen appliances and second-hand goods.” Consumers choose in-store shopping largely because they enjoy the social aspect and touching items before they buy, Barclays said, adding that high streets and shopping centres are the most popular destinations.
BROC Community Action to distribute hundreds of turkeys ahead of ThanksgivingManchester Airport issues full statement as thick fog leads to flight delaysNEW YORK (AP) — U.S. stocks rose Monday, with those benefiting the most from lower interest rates and a stronger economy leading the way. The S&P 500 climbed 0.3% to pull closer to its all-time high set two weeks ago. The Dow Jones Industrial Average added 440 points, or 1%, to its own record set on Friday, while the Nasdaq composite rose 0.3%. Treasury yields also eased in the bond market amid what some analysts called a “Bessent bounce” after President-elect Donald Trump said he wants Scott Bessent , a hedge fund manager, to be his Treasury Secretary. Bessent has argued for reducing the U.S. government’s deficit, which is how much more it spends than it takes in through taxes and other revenue. Such an approach could soothe worries on Wall Street that Trump’s policies may lead to a much bigger deficit, which in turn would put upward pressure on Treasury yields. After climbing above 4.44% immediately after Trump’s election, the yield on the 10-year Treasury fell back to 4.26% Monday, down from 4.41% late Friday. That’s a notable move, and lower yields make it cheaper for all kinds of companies and households to borrow money. They also give a boost to prices for stocks and other investments. That helped stocks of smaller companies lead the way, and the Russell 2000 index of smaller stocks jumped 1.5%. It finished just shy of its all-time high, which was set three years ago. Smaller companies can feel bigger boosts from lower borrowing costs because of the need for many to borrow to grow. The two-year Treasury yield, which more closely tracks the market’s expectations for what the Federal Reserve will do with overnight interest rates, also eased sharply. The Fed began cutting its main interest rate just a couple months ago from a two-decade high, hoping to keep the job market humming after bringing inflation nearly all the way down to its 2% target. But immediately after Trump’s victory, traders had reduced bets for how many cuts the Fed may deliver next year. They were worried Trump’s preference for lower tax rates and higher spending on the border would balloon the national debt. A report coming on Wednesday could influence how much the Fed may cut rates. Economists expect it to show that an underlying inflation trend the Fed prefers to use accelerated to 2.8% last month from 2.7% in September. Higher inflation would make the Fed more reluctant to cut rates as deeply or as quickly as it would otherwise. Goldman Sachs economist David Mericle expects that to slow by the end of next year to 2.4%, but he said inflation would be even lower if not for expected tariff increases on imports from China and autos favored by Trump. Story continues below video In the stock market, Bath & Body Works jumped 16.5% after delivering stronger profit for the latest quarter than analysts expected. The seller of personal care products and home fragrances also raised its financial forecasts for the full year, even though it still sees a “volatile retail environment” and a shorter holiday shopping season this year. Much focus has been on how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. Last week, two major retailers sent mixed messages. Target tumbled after giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Another big retailer, Macy’s, said Monday its sales for the latest quarter were in line with its expectations, but it will delay the release of its full financial results. It found a single employee had intentionally hid up to $154 million in delivery expenses, and it needs more time to complete its investigation. Macy’s stock fell 2.2%. Among the market’s leaders were several companies related to the housing industry. Monday’s drop in Treasury yields could translate into easier mortgage rates, which could spur activity for housing. Builders FirstSource, a supplier or building materials, rose 5.9%. Homebuilders, D.R. Horton, PulteGroup and Lennar all rose at least 5.6%. All told, the S&P 500 rose 18.03 points to 5,987.37. The Dow Jones Industrial Average jumped 440.06 to 44,736.57, and the Nasdaq composite gained 51.18 to 19,054.84. In stock markets abroad, indexes moved modestly across much of Europe after finishing mixed in Asia. In the crypto market, bitcoin was trading below $95,000 after threatening to hit $100,000 late last week for the first time. AP Business Writer Elaine Kurtenbach contributed.
A post shared on social media purports that Florida Governor Ron DeSantis can fill the House of Representatives vacancy of Florida Republican Rep. Matt Gaetz. Verdict: False The seat must be filled by a special election process. Fact Check: The House Ethics Committee did not reach a decision on whether to release the investigation into the allegations made against Gaetz, several Senate members stated they want to review the report, NBC News reported. Sexual misconduct allegations were made against Geatz, who was recently announced as President-elect Donald Trump’s nominee for Attorney General, according to the outlet. A post shared on X, formerly known Twitter, purports that DeSantis is prepared to replace Gaetz’s vacant seat. The claim was made in a response tweet. The post reads, “Gaetz resigned immediately so Gov. DeSantis can fill the seat by Jan 3. Johnson has already placed a call w/ DeSantis. Clock starts.” The claim is inaccurate. A vacancy in the House of Representatives must be filled by a special election. The 17 th Amendment allows the Governors to temporarily fill Senate vacancy until a special election can occur . DeSantis is instructing the start of a special election process, which has “no timeline,” to fill Gaetz’s seat since he resigned, Wear News reported. DeSantis is considering a replacement for Marco Rubio, Fox News reported. Trump’s daughter-in-law Lara Trump has been speculated as a potential replacement. (RELATED: Is Trump Set To Make Great Britain A State?) This is not the first time misinformation surrounding Trump’s picks has circulated online. Check Your Fact recently debunked a claim Elon Musk said that Trump will do anything he tells him to.
The Kremlin fired a new intermediate-range ballistic missile at Ukraine on Thursday in response to Kyiv's use this week of American and British missiles capable of striking deeper into Russia, President Vladimir Putin said. In a televised address to the country, the Russian president warned that U.S. air defense systems would be powerless to stop the new missile, which he said flies at ten times the speed of sound and which he called the Oreshnik — Russian for hazelnut tree. He also said it could be used to attack any Ukrainian ally whose missiles are used to attack Russia. “We believe that we have the right to use our weapons against military facilities of the countries that allow to use their weapons against our facilities,” Putin said in his first comments since President Joe Biden gave Ukraine the green light this month to use U.S. ATACMS missiles to strike at limited targets inside Russia. Pentagon deputy press secretary Sabrina Singh confirmed that Russia’s missile was a new, experimental type of intermediate range missile based on it’s RS-26 Rubezh intercontinental ballistic missile. “This was new type of lethal capability that was deployed on the battlefield, so that was certainly of concern," Singh said, noting that the missile could carry either conventional or nuclear warheads. The U.S. was notified ahead of the launch through nuclear risk reduction channels, she said. The attack on the central Ukrainian city of Dnipro came in response to Kyiv's use of longer-range U.S. and British missiles in strikes Tuesday and Wednesday on southern Russia, Putin said. Those strikes caused a fire at an ammunition depot in Russia's Bryansk region and killed and wounded some security services personnel in the Kursk region, he said. “In the event of an escalation of aggressive actions, we will respond decisively and in kind,” the Russian president said, adding that Western leaders who are hatching plans to use their forces against Moscow should “seriously think about this.” Putin said the Oreshnik fired Thursday struck a well-known missile factory in Dnipro. He also said Russia would issue advance warnings if it launches more strikes with the Oreshnik against Ukraine to allow civilians to evacuate to safety — something Moscow hasn’t done before previous aerial attacks. Kremlin spokesman Dmitry Peskov initially said Russia hadn’t warned the U.S. about the coming launch of the new missile, noting that it wasn't obligated to do so. But he later changed tack and said Moscow did issue a warning 30 minutes before the launch. Putin's announcement came hours after Ukraine claimed that Russia had used an intercontinental ballistic missile in the Dnipro attack, which wounded two people and damaged an industrial facility and rehabilitation center for people with disabilities, according to local officials. But American officials said an initial U.S. assessment indicated the strike was carried out with an intermediate-range ballistic missile. Ukrainian President Volodymyr Zelenskyy said in a Telegram post that the use of the missile was an "obvious and serious escalation in the scale and brutality of this war, a cynical violation of the UN Charter.” He also said there had been “no strong global reaction” to the use of the missile, which he said could threaten other countries. “Putin is very sensitive to this. He is testing you, dear partners,” Zelenskyy wrote. “If there is no tough response to Russia’s actions, it means they see that such actions are possible.” The attack comes during a week of escalating tensions , as the U.S. eased restrictions on Ukraine's use of American-made longer-range missiles inside Russia and Putin lowered the threshold for launching nuclear weapons. The Ukrainian air force said in a statement that the Dnipro attack was launched from Russia’s Astrakhan region, on the Caspian Sea. “Today, our crazy neighbor once again showed what he really is,” Zelenskyy said hours before Putin's address. “And how afraid he is.” Russia was sending a message by attacking Ukraine with an intermediate-range ballistic missile capable of releasing multiple warheads at extremely high speeds, even if they are less accurate than cruise missiles or short-range ballistic missiles, said Matthew Savill, director of military sciences at the Royal United Services Institute, a London-based think tank. “Why might you use it therefore?” Savill said. "Signaling — signaling to the Ukrainians. We’ve got stuff that outrages you. But really signaling to the West ‘We’re happy to enter into a competition around intermediate range ballistic missiles. P.S.: These could be nuclear tipped. Do you really want to take that risk?’” Military experts say that modern ICBMs and IRBMs are extremely difficult to intercept, although Ukraine has previously claimed to have stopped some other weapons that Russia described as “unstoppable,” including the air-launched Kinzhal hypersonic missile. David Albright, of the Washington-based think tank the Institute for Science and International Security, said he was “skeptical” of Putin’s claim, adding that Russian technology sometimes “falls short.” He suggested Putin was “taunting the West to try to shoot it down ... like a braggart boasting, taunting his enemy.” Earlier this week, the Biden administration authorized Ukraine to use the U.S.-supplied, longer-range missiles to strike deeper inside Russia — a move that drew an angry response from Moscow. Days later, Ukraine fired several of the missiles into Russia, according to the Kremlin. The same day, Putin signed a new doctrine that allows for a potential nuclear response even to a conventional attack on Russia by any nation that is supported by a nuclear power. The doctrine is formulated broadly to avoid a firm commitment to use nuclear weapons. In response, Western countries, including the U.S., said Russia has used irresponsible nuclear rhetoric and behavior throughout the war to intimidate Ukraine and other nations. White House press secretary Karine Jean-Pierre said Thursday that Russia’s formal lowering of the threshold for nuclear weapons use did not prompt any changes in U.S. doctrine. She pushed back on concerns that the decision to allow Ukraine to use Western missiles to strike deeper inside Russia might escalate the war. ′′They’re the ones who are escalating this,” she said of the Kremlin — in part because of a flood of North Korean troops sent to the region. More than 1,000 days into war , Russia has the upper hand, with its larger army advancing in Donetsk and Ukrainian civilians suffering from relentless drone and missile strikes. Analysts and observers say the loosening of restrictions on Ukraine's use of Western missiles is unlikely to change the the course of the war, but it puts the Russian army in a more vulnerable position and could complicate the logistics that are crucial in warfare. Putin has also warned that the move would mean that Russia and NATO are at war. “It is an important move and it pulls against, undermines the narrative that Putin had been trying to establish that it was fine for Russia to rain down Iranian drones and North Korean missiles on Ukraine but a reckless escalation for Ukraine to use Western-supplied weapons at legitimate targets in Russia,” said Peter Ricketts, a former U.K. national security adviser who now sits in the House of Lords. ___ Associated Press writers Jill Lawless and Emma Burrows in London, and Zeke Miller and Lolita C. Baldor in Washington contributed to this report. ___ Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraineHalt arbitrary transfers in state offices – SJB
This Is What Whales Are Betting On Trump Media & Technology
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The Cleveland Cavaliers have steamrolled through the first third of their schedule and now face one of their toughest stretches when they open a four-game road trip at the Denver Nuggets on Friday night. The Western Conference swing is the longest road trip of the season so far for Cleveland, which has won five in a row. The Cavaliers are coming off a close win against Utah without forwards Dean Wade (knee) and Isaac Okoro (shoulder). Wade could be back Friday night, but Okoro is expected to miss a couple of weeks with his right shoulder sprain. Without those two available against the Jazz on Monday, the Cavaliers employed a smaller lineup at times but got good production from forward Evan Mobley, who had 22 points and 10 rebounds. The third overall pick of the 2021 NBA Draft, Mobley is averaging a career-best 18.5 points and pulling down nine rebounds a game. He has been a good compliment to guards Darius Garland and Donovan Mitchell, who have led the Cavaliers' early success. Mitchell (23.3 points) and Garland (20.4) lead the team in scoring average, and center Jarrett Allen is averaging a double-double (13 points, 10 rebounds), with Mobley adding another layer to a deep team. "We've all said it, for us to be the team we want to be ... Evan had to take that step," Mitchell said recently. "And the best part about it is Jarrett Allen is his biggest cheerleader." Friday is the last of the two games between the teams, and Denver is trying to get even after losing 126-114 on Dec. 5 in Cleveland. Denver star Nikola Jokic recorded a triple-double in the loss, one of his NBA-leading 11 this season. He has 141 triple-doubles in his career, which ranks third all-time behind Nuggets teammate Russell Westbrook (200) and Hall of Famer Oscar Robertson (181). The Nuggets, who have won five of their last seven games, may not have forward Aaron Gordon available against Cleveland after he left Wednesday night's 110-100 loss at Phoenix with a right calf strain. Gordon missed 10 games earlier this season with the same injury. "Hopefully, Aaron is going to be ready to go for Cleveland, but we'll have to wait and see these next 24, 48 hours," Denver coach Michael Malone said. Gordon is fifth on the team in scoring at 13.7 points a game and he is the team's most versatile defender, with the ability to guard every position. If Gordon can't go, most likely Peyton Watson, the team's leading shot blocker (0.9 per game), would get the start. Jokic leads Denver in scoring (30.7 points), rebounding (12.6) and assists (9.4) and is putting together another MVP-worthy campaign. But the Nuggets will need production from Jamal Murray, who is second in scoring at 18.8 points a gain, despite battling injuries. Murray sat out Monday's win over Phoenix with a right ankle sprain and had only 13 points in his return Wednesday. "I'm just trying not to use (injuries) as an excuse. Not mention it," Murray told The Denver Post. "I know I get slack for it, but (I'm) just going out there, and if I'm good enough to play, I play. That's how I look at it." --Field Level Media
Ravens Coach John Harbaugh Delivers Touching Christmas Message After Clinching Playoffs BerthSTATE COLLEGE, Pa. (AP) — Penn State players have watched Ashton Jeanty make opponents look silly all season. They don't want to be the next defenders Boise State’s star posterizes with jukes, spin moves, stiff arms and heavy shoulders. But they also know that slowing down Jeanty, who finished second in Heisman Trophy voting , will be their toughest task yet when the two teams meet in the College Football Playoff quarterfinal Fiesta Bowl on Dec. 31. “In any other year, I think the guy wins the Heisman,” Penn State coach James Franklin said. “You could make the argument that he should have won it this year. He is hard to tackle. He is compact, 5-(foot)-10, he has the ability to run away from you. He has the ability to make you miss.” Jeanty led the nation with 2,497 rushing yards on 344 carries this season. He scored more touchdowns (30) than any player since Najee Harris scored 30 times with Alabama in 2020. Additionally, Jeanty’s yards after contact (1,889) exceed every FBS running backs’ rushing total since Oklahoma State’s Chuba Hubbard led the NCAA with 2,094 total rushing yards in 2019. Jeanty also forced an NCAA-record 143 missed tackles this season. The junior did it all behind an offensive line that has been forced to shuffle its parts in the wake of numerous injuries. Only left tackle Kage Casey and left guard Ben Dooley have started every game up front for the Broncos this season. “He’s a beast in terms of his production on the field, but then also his durability,” Franklin said. “There’s not too many people that are able to get clean shots on him. All of it is super impressive. But I think the stat that I mentioned earlier, the most impressive stat is the yards after contact.” This could be Jeanty’s biggest challenge to date, too. Although he’s helped Boise State churn out 250 rushing yards per game, good for fifth among FBS programs, the Nittany Lions are well stocked to defend the run. Story continues below video Their defense is seventh nationally allowing just 100 rushing yards per game and has tightened up down the stretch. In its last six games, Penn State is allowing just 2.7 yards per rush and has only given up three rushing touchdowns, two coming in the Big Ten championship game against No. 1 Oregon. “They’ve had our backs throughout the whole year,” Penn State quarterback Drew Allar said. “They have made me a lot better throughout the year, just going against the best defense in America and just glad I got to go against them every day in practice and not against them out on the field in a game setting.” In the opening round of the CFP, Penn State held SMU to just 58 rushing yards on 36 carries. Meanwhile, the Nittany Lions notched 11 of their 50 tackles for loss over the last six games against the Mustangs. Most of those came from a defensive line that regularly rotates run-stuffing tackles Zane Durant, Dvon J-Thomas and Coziah Izzard between dynamic ends Abdul Carter and Dani Dennis-Sutton. Carter alone has 21 1/2 of his team’s 102 stops behind the line of scrimmage this year. He's hoping to add a few against Jeanty and stay off the star back's own long-running highlight reel. “I’m living in my dreams,” Carter said. “I’m having the most fun I ever had playing football and I’ve been playing since I was 8 years old. I’m very blessed. I’m just very humbled to have this opportunity. I just want to keep taking advantage of all the opportunities that I have.” Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
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The Cleveland Cavaliers have steamrolled through the first third of their schedule and now face one of their toughest stretches when they open a four-game road trip at the Denver Nuggets on Friday night. The Western Conference swing is the longest road trip of the season so far for Cleveland, which has won five in a row. The Cavaliers are coming off a close win against Utah without forwards Dean Wade (knee) and Isaac Okoro (shoulder). Wade could be back Friday night, but Okoro is expected to miss a couple of weeks with his right shoulder sprain. Without those two available against the Jazz on Monday, the Cavaliers employed a smaller lineup at times but got good production from forward Evan Mobley, who had 22 points and 10 rebounds. The third overall pick of the 2021 NBA Draft, Mobley is averaging a career-best 18.5 points and pulling down nine rebounds a game. He has been a good compliment to guards Darius Garland and Donovan Mitchell, who have led the Cavaliers' early success. Mitchell (23.3 points) and Garland (20.4) lead the team in scoring average, and center Jarrett Allen is averaging a double-double (13 points, 10 rebounds), with Mobley adding another layer to a deep team. "We've all said it, for us to be the team we want to be ... Evan had to take that step," Mitchell said recently. "And the best part about it is Jarrett Allen is his biggest cheerleader." Friday is the last of the two games between the teams, and Denver is trying to get even after losing 126-114 on Dec. 5 in Cleveland. Denver star Nikola Jokic recorded a triple-double in the loss, one of his NBA-leading 11 this season. He has 141 triple-doubles in his career, which ranks third all-time behind Nuggets teammate Russell Westbrook (200) and Hall of Famer Oscar Robertson (181). The Nuggets, who have won five of their last seven games, may not have forward Aaron Gordon available against Cleveland after he left Wednesday night's 110-100 loss at Phoenix with a right calf strain. Gordon missed 10 games earlier this season with the same injury. "Hopefully, Aaron is going to be ready to go for Cleveland, but we'll have to wait and see these next 24, 48 hours," Denver coach Michael Malone said. Gordon is fifth on the team in scoring at 13.7 points a game and he is the team's most versatile defender, with the ability to guard every position. If Gordon can't go, most likely Peyton Watson, the team's leading shot blocker (0.9 per game), would get the start. Jokic leads Denver in scoring (30.7 points), rebounding (12.6) and assists (9.4) and is putting together another MVP-worthy campaign. But the Nuggets will need production from Jamal Murray, who is second in scoring at 18.8 points a gain, despite battling injuries. Murray sat out Monday's win over Phoenix with a right ankle sprain and had only 13 points in his return Wednesday. "I'm just trying not to use (injuries) as an excuse. Not mention it," Murray told The Denver Post. "I know I get slack for it, but (I'm) just going out there, and if I'm good enough to play, I play. That's how I look at it." --Field Level MediaIsraeli police set to probe Netanyahu’s wife over ‘harassment of witnesses’
TCMD stock touches 52-week high at $16.96 amid robust growthStock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 slipped less than 0.1% Thursday, its first loss after three straight gains. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite fell 0.1%. Gains by retailers and health care stocks helped temper the losses. Trading volume was lighter than usual as U.S. markets reopened following the Christmas holiday. The Labor Department reported that U.S. applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Treasury yields fell in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks wavered on Wall Street in afternoon trading Thursday, as gains in tech companies and retailers helped temper losses elsewhere in the market. The S&P 500 was up less than 0.1% after drifting between small gains and losses. The benchmark index is coming off a three-day winning streak. The Dow Jones Industrial Average was up 10 points, or less than 0.1%, as of 3:20 p.m. Eastern time. The Nasdaq composite was up 0.1%. Trading volume was lighter than usual as U.S. markets reopened after the Christmas holiday. Chip company Broadcom rose 2.5%, Micron Technology was up 1.3% and Adobe gained 0.8%. While tech stocks overall were in the green, some heavyweights were a drag on the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.1%. Meta Platforms fell 0.5%, Amazon was down 0.4%, and Netflix gave up 0.7%. Tesla was among the biggest decliners in the S&P 500, down 1.4%. Health care stocks helped lift the market. CVS Health rose 1.4% and Walgreens Boots Alliance rose 3.9% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 3.1%, Ross Stores added 1.8%, Best Buy was up 2.5% and Dollar Tree gained 3.6%. Traders are watching to see whether retailers have a strong holiday season. The day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. U.S.-listed shares in Honda and Nissan rose 4.2% and 15.9%, respectively. The Japanese automakers announced earlier this week that the two companies are in talks to combine. Traders got a labor market update. U.S. applications for unemployment benefits held steady last week , though continuing claims rose to the highest level in three years, the Labor Department reported. Treasury yields turned mostly lower in the bond market. The yield on the 10-year Treasury fell to 4.58% from 4.59% late Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar. Still, U.S. markets have historically gotten a boost at year’s end despite lower trading volumes. 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. 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 U.S. market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up roughly 26% so far this year and remains near its most recent all-time high it set earlier this month — its latest of 57 record highs this year. Wall Street has several economic reports to look forward to next week, including updates on pending home sales and home prices, a report on U.S. construction spending and snapshots of manufacturing activity. ___ AP Business Writers Elaine Kurtenbach and Matt Ott contributed. Alex Veiga, The Associated Press
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