NEW YORK (AP) — U.S. stocks are climbing Thursday after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 was pulling 0.7% higher, as of 2:45 p.m. Eastern time, after flipping between modest gains and losses several times in the morning. Banks, smaller companies and other areas of the stock market that tend do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. The Dow Jones Industrial Average jumped 532 points, or 1.2%, and the Nasdaq composite gained 0.2%. Nvidia's rise of 1.4% was the strongest force pushing the S&P 500 upward after yet again beating analysts’ estimates for profit and revenue. It also gave a forecast for revenue in the current quarter that topped most analysts’ expectations thanks to voracious demand for its chips used in artificial-intelligence technology. Its stock initially sank in afterhours trading Wednesday following the release of the results. Some investors said the market might have been looking for Nvidia's revenue forecast to surpass expectations by even more. But its stock recovered in premarket trading Thursday, and Wedbush analyst Dan Ives said it was another “flawless” profit report provided by Nvidia and CEO Jensen Huang, whom Ives calls “the Godfather of AI.” How Nvidia’s stock performs has tremendous impact because it’s quickly grown into Wall Street’s most valuable company at roughly $3.6 trillion. Its meandering up and down through the day dragged the S&P 500 and other indexes back and forth. The frenzy around AI is sweeping up other stocks, and Snowflake jumped 32.3% after reporting stronger results for the latest quarter than analysts expected. The company, whose platform helps customers get a better view of all their silos of data and use AI, also reported stronger revenue growth than expected. BJ’S Wholesale Club rose 9.1% after likewise delivering a bigger profit than expected. That may help calm worries about how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. A day earlier, Target tumbled after reporting sluggish sales in the latest quarter and giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Nearly 90% of the stocks in the S&P 500 were also rising, and the gains were even bigger among smaller companies. The Russell 2000 index of smaller stocks jumped a market-leading 1.9%. Google’s parent company, Alphabet, helped keep indexes in check. It fell 5.5% after U.S. regulators asked a judge to break up the tech giant by forcing it to sell its industry-leading Chrome web browser. In a 23-page document filed late Wednesday, the U.S. Department of Justice called for sweeping punishments that would include restrictions preventing Android from favoring its own search engine. Regulators stopped short of demanding Google sell Android but left the door open to it if the company’s oversight committee continues to see evidence of misconduct. Drops for other Big Tech stocks also weighed on the market, including a 2.4% slide for Amazon. In stock markets abroad, shares of India’s Adani Enterprises plunged 22.6% Thursday after the U.S. charged founder Gautam Adani, 62, in a federal indictment with securities fraud and conspiracy to commit securities and wire fraud. The businessman and one of the world’s richest people is accused of duping investors by concealing that his company’s huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. Indexes elsewhere in Asia and Europe were mixed. In the crypto market, bitcoin eclipsed $99,000 for the first time before easing back to roughly $98,250, according to CoinDesk. It’s more than doubled so far this year, and its climb has accelerated since Election Day. President-elect Donald Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. Bitcoin also got a boost after Gary Gensler, the chair of the Securities and Exchange Commission who has pushed for more protection for crypto investors, said he would step down in January . Bitcoin and related investments, of course, have a notorious history of big price swings in both directions. MicroStrategy, a company that's been raising cash expressly to buy bitcoin, saw an early gain of 14.6% for its stock on Thursday quickly disappear. It was most recently down 10.7%. In the oil market, a barrel of benchmark U.S. crude rose 2% to bring its gain for the week to 4.8%. Brent crude, the international standard, climbed 1.8%. Oil has been rising amid escalations in the Russia-Ukraine war. In the bond market, Treasury yields edged higher following some mixed reports on the U.S. economy. The yield on the 10-year Treasury rose to 4.43% from 4.41% late Wednesday. One report said fewer U.S. workers applied for unemployment benefits last week in the latest signal that the job market remains solid. Another report, though, said manufacturing in the mid-Atlantic region unexpectedly shrank. Sales of previously occupied homes, meanwhile, strengthened last month by more than expected. AP Business Writers Matt Ott and Yuri Kageyama contributed.I believe in myself: Yashasvi Jaiswal’s banter with Mitchell Starc goes viral – WATCH
In a heartwarming yet bittersweet turn of events, 39 highly trained search and rescue dogs in Yunnan are now in search of new homes after failing to meet the stringent requirements of the official certification test. Despite their unwavering dedication, these dogs were unable to pass the rigorous examination, prompting their handlers to seek alternative opportunities for their beloved companions.One of the key components of the refined measures is the establishment of a comprehensive monitoring system to oversee the entire procurement process. This system includes the implementation of electronic bidding platforms, real-time monitoring of procurement activities, and the use of data analytics to identify irregularities and potential risks. By leveraging technology and data-driven approaches, the government can enhance its ability to detect and prevent fraud, collusion, and other unethical practices in the procurement process.
Furthermore, subsidies for tenants have also played a significant role in supporting individuals and families with limited financial resources. In City B, a new subsidy program was launched to assist low-income renters in covering a portion of their monthly rental expenses. This initiative has helped alleviate financial burdens for vulnerable populations and ensure that they have access to safe and stable housing.
Overall, the 2025 economic work plan reflects China's commitment to pursuing a proactive and forward-looking economic strategy. By implementing more assertive macroeconomic policies and embracing structural reforms, China aims to navigate the challenges of the new era and seize the opportunities for future growth. With a focus on innovation, consumption, financial stability, and sustainability, China is poised to build a more resilient and dynamic economy in the years ahead.Shoppers say they want eco-friendly products, so why aren't they buying them?
After an emotional farewell address to the media and fans less than 24 hours prior, Daniel Jones was released by the New York Giants on Friday. Team president John Mara revealed in a statement that the 27-year-old quarterback, who was benched on Monday for the remainder of the season, "came to see me this morning and asked if we would release him. We mutually agreed that would be best for him and for the team.” Jones will be subject to waivers, making him eligible to be signed on Monday after 4 p.m. ET if he's not claimed by a team before then. Expected to go unclaimed, it's "more realistic" that Jones could sign with a new team on Tuesday or Wednesday, according to The Athletic's Dianna Russini . Former NFL quarterback-turned-analyst Robert Griffin III weighed in on social media Friday, making it very clear that the Dallas Cowboys have a unique opportunity in front of them. © Kirby Lee-Imagn Images "The Dallas Cowboys have an opportunity to do the funniest thing with Daniel Jones 🤌🏾," Griffin wrote on X, alluding to the upcoming Thanksgiving Day game between the Giants and Cowboys at AT&T Stadium on Thursday. Though highly unlikely, if the Cowboys were to claim Jones off waivers or sign him as a free agent by early next week, a scenario exists where the sixth-year veteran quarterback could suit up for an NFC East rival and play against the Giants less than a week after parting ways with his former team. The Dallas Cowboys have an opportunity to do the funniest thing with Daniel Jones 🤌🏾 However, NFL insider Josina Anderson reported Friday that Dallas is "not currently pursuing" Jones' services. With Dak Prescott out for the remainder of the season, the Cowboys are currently starting Cooper Rush under center, and have former No. 3 overall pick Trey Lance waiting in the wings. Before being cut, Jones was in the second season of the four-year, $160 million contract extension signed in March 2022. Griffin added in a follow-up X post, "To this day, it is baffling that some people were okay with the Giants paying Daniel Jones, but fought tooth and nail against the Ravens paying Lamar Jackson." Related: Robert Griffin III Didn't Hesitate When Naming Best Team in the NFL Related: NFL Considering Big Potential Changes Involving Cowboys?Crispr Therapeutics: From Casgevy Success To A Catalyst-Rich 2025
In conclusion, the re-trial of Yu Hua Ying's child trafficking case on December 19th represents a significant milestone in the pursuit of justice and the protection of children's rights. It is a stark reminder of the evil that exists in our society and the imperative to stand against it. Let us hope that this re-trial will bring about a just outcome and serve as a beacon of hope for a world free from the horrors of child trafficking.Kurdish-led forces push back Turkish-backed Syrian rebels in tense offensive
Judge rejects request to sideline a San Jose State volleyball player on grounds she’s transgender
With the rapid development of technology and the increasing demand for efficient and convenient services, Amap is committed to leveraging its advanced mapping and data capabilities to create a more inclusive and user-friendly platform for consumers. The "Peace of Mind Services" plan includes a variety of new features and enhancements that are designed to make users' lives easier and more enjoyable.