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NEW YORK (AP) — U.S. stock indexes drifted lower in the runup to the highlight of the week for the market, the latest update on inflation. The S&P 500 slipped 0.3% Tuesday and marked its first back-to-back losses in three weeks. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite also fell 0.3%. Oracle dragged on the market after reporting weaker growth than analysts expected. Treasury yields rose in the bond market ahead of Wednesday’s inflation report, which will be among the final big pieces of data before the Federal Reserve’s meeting on interest rates next week. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are drifting lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 dipped by 0.2% in late trading, a day after pulling back from its latest all-time high . The index is on track for its first back-to-back losses in more than three weeks, as momentum slows following a big rally that has it on track for one of its best years of the millennium . The Dow Jones Industrial Average was down by 7 points, or less than 0.1%, with roughly an hour remaining in trading, and the Nasdaq composite fell 0.3%. Tech titan Oracle dragged on the market and sank 7.8% after reporting growth for the latest quarter that fell just short of analysts’ expectations. It was one of the heaviest weights on the S&P 500, even though CEO Safra Catz said the company saw record demand related to artificial-intelligence technology for its cloud infrastructure business, which trains generative AI models. AI has been a big source of growth that’s helped many companies’ stock prices skyrocket. Oracle’s stock had already leaped nearly 81% for the year coming into Tuesday, which raised the bar of expectations for its profit report. C3.ai fell 2.1% despite reporting a smaller loss for the latest quarter than analysts expected. The AI software company increased its forecast for how big a loss it expects to take this fiscal year from its operations. In the bond market, Treasury yields ticked higher ahead of Wednesday’s report on the inflation that U.S. consumers are feeling. Economists expect it to show roughly similar increases as the month before. That and a report on Thursday about inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect the year’s third cut to interest rates . The Fed has been easing its main interest rate from a two-decade high since September to lift the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation. The yield on the 10-year Treasury rose to 4.22% from 4.20% late Monday. Even though the Fed has been cutting its main interest rate, mortgage rates have been more stubborn and have been volatile since the autumn. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 5.2% even though it beat analysts’ expectations for profit and revenue in the latest quarter. CEO Douglas Yearley Jr. said the luxury builder has been seeing strong demand since the start of its fiscal year six weeks ago, an encouraging signal as it approaches the beginning of the spring selling season in mid-January Elsewhere on Wall Street, Alaska Air Group soared 13.6% after raising its forecast for profit in the current quarter. The airline said demand for flying around the holidays has been stronger than expected. It also approved a plan to buy back up to $1 billion of its stock, along with new service from Seattle to Tokyo and Seoul . Boeing climbed 5.2% after saying it's resuming production of its bestselling plane , the 737 Max, for the first time since 33,000 workers began a seven-week strike that ended in early November. Vail Resorts rose 2.7% after the ski resort operator reported a narrower first-quarter loss than expected in what is traditionally its worst quarter. In stock markets abroad, indexes were mixed in China after the world’s second-largest economy said its exports rose by less than expected in November. Stocks rose 0.6% in Shanghai but fell 0.5% in Hong Kong. ___ AP Business Writers Matt Ott and Elaine Kurtenbach contributed. Stan Choe, The Associated Press
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Senate Minority Leader Mitch McConnell reportedly received medical care Tuesday after suffering a fall during a Republican lunch meeting. The 82-year-old senator, who will pass the leadership torch to Republican South Dakota Sen. John Thune in January, was spotted entering his Capitol office alongside a medical team with a wheelchair, according to The Hill. “Leader McConnell tripped following lunch. He sustained a minor cut to the face and sprained his wrist,” a spokesperson for McConnell wrote in a statement to Scripps News’ Nathaniel Reed. Leader McConnell fell during a GOP lunch today and there is a medical team with a wheelchair that just went into his office. — Farnoush Amiri (@FarnoushAmiri) December 10, 2024 Multiple staffers rushed to McConnell at the lunch event, vacating their office to help the 82-year-old, The Hill reported. (RELATED: ‘Sick To My Stomach’: Crash Kills Motorist As Police Respond To Alleged Bomb Threat Against GOP Rep) Thune, who led Tuesday’s leadership press conference as McConnell received care, said the Kentucky senator was doing well after the fall, according to the outlet. “He is fine. He is in his office,” Thune told reporters before directing further questions to McConnell’s staff. Senate Republican Conference Chair John Barrasso also reportedly followed McConnell and his medical team as the GOP leader walked back to his Capitol office. MORE EMS personnel headed toward McConnell’s office. Though still minority leader he is absent from the weekly presser. https://t.co/rm9W1kc9Ke — Nathaniel Reed (@ReedReports) December 10, 2024 McConnell delivered remarks at the lunch before falling , with many attendees reportedly unaware that the GOP leader had fallen at all. “Saw McConnell walk from the floor to his office about 15 min ago, joined by Barrasso (who is also a doctor). Less than 5 minutes later a medical team entered the office with a wheelchair. Emergency medical team entering now,” CNN producer Morgan Rimmer wrote on Twitter. Saw McConnell walk from the floor to his office about 15 min ago, joined by Barrasso (who is also a doctor). Less than 5 minutes later a medical team entered the office with a wheelchair. Emergency medical team entering now. https://t.co/xZCb1RJsjX — Morgan Rimmer (@morgan_rimmer) December 10, 2024 “MORE EMS personnel headed toward McConnell’s office. Though still minority leader he is absent from the weekly presser,” Scripps News congressional correspondent Nathaniel Reed wrote on the platform. NEW @scrippsnews : McConnell spokesman: “Leader McConnell tripped following lunch. He sustained a minor cut to the face and sprained his wrist. He has been cleared to resume his schedule.” — Nathaniel Reed (@ReedReports) December 10, 2024 A spokesperson for the elderly senator said McConnell sprained his wrist and suffered a cut on his face, according to Reed. Despite the minor injuries, McConnell was “cleared to resume his schedule.”Van Beek: Navigating I-70 in a snow globe
NORTH DAKOTA STATE 73, WEST GEORGIA 61
RJ Godfrey and Tyrin Lawrence each scored 14 points to help lead Georgia to a 79-72 win over visiting South Carolina State on Sunday in Athens, Ga. Asa Newell and Dakota Leffew added 12 apiece for Georgia (12-1) which rallied from a 17-point halftime deficit. Silas Demary Jr. had 11 points followed by De'Shayne Montgomery's 10, as the Bulldogs won their seventh straight game, marking their best start to a season since 1930-31 (13-0). Reserve Jayden Johnson led South Carolina State (6-9) with 16 points, followed by Michael Teal's 13 and Wilson Dubinsky's 12. South Carolina State dropped its third game in four tries entering Mid-Eastern Athletic Conference play on Jan. 4. Trailing 41-24 at halftime, Demary's triple and Montgomery's dunk began a 12-5 scoring run to open the second half, pulling Georgia within 10 at the 16:18 mark. After Teal's layup extended South Carolina State's lead to 50-39, Demary's basket stamped a 7-0 Georgia run, pulling the Bulldogs within four at the 11:17 mark of the second half. Dubinsky answered with a triple on the other end, but Leffew and Demary's layups began a 14-2 Georgia run -- which was capped with Lawrence's personal 8-0 spurt. Trailing 60-55, South Carolina State cut its deficit to one after Drayton Jones' four straight points. From there, Newell's three-point play jump started an 8-0 Georgia run, stamped with Montgomery's free throw with 3:42 left. After Davion Everett split a pair of free throws to pull South Carolina State within four with 1:44 left, Georgia made seven of its eight free-throw attempts to ice the victory. Georgia connected on just one field goal early in the game until Dylan James' layup trimmed its deficit to 7-5 at the 14:44 mark. After Johnson's basket put South Carolina State ahead 13-10, Leffew's 3-pointer followed by Montgomery's free throw gave Georgia its first lead with 10:27 left in the opening half. Godfrey's pair of free throws flipped the lead to Georgia with 5:30 remaining, before Dubinsky's triple gave South Carolina State a 24-22 advantage on the ensuing possession. Georgia was held scoreless until Somto Cyril's free throws snapped a 14-0 South Carolina State run with 50 seconds left. Johnson then capped the first half with consecutive 3-pointers, giving South Carolina State a 41-24 halftime lead. --Field Level Media5 Best Meme Coins to Invest in Right Now: Don’t Miss Out on These Viral Meme Coins That Are Redefining Crypto
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