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Set to host the Ravens on Christmas Day, the Houston Texans claimed wide receiver Diontae Johnson off waivers on Monday after Baltimore waived him last week. Thin at receiver behind star Nico Collins due to season-ending injuries to Stefon Diggs (torn ACL) and Tank Dell (torn ACL, dislocated kneecap), the Texans are hoping Johnson, 28, can provide depth at the position alongside Robert Woods, Xavier Hutchinson and John Metchie III. With the Ravens, Johnson reeled in just one catch for 6 yards and received a one-game suspension for what the team said was refusing to enter a game against the Philadelphia Eagles on Dec. 1. Baltimore waived him on Friday. An unrestricted free agent after this season, Johnson is joining his fourth team this calendar year after he was traded from the Pittsburgh Steelers to Carolina in March and then moved from the Panthers to the Ravens in October. A third-round draft pick in 2019, Johnson had 30 receptions for 357 yards and three touchdowns in seven games (all starts) for the Panthers earlier this season. In six career seasons, the 2021 Pro Bowl selection has 422 receptions for 4,726 yards and 28 TDs for the Steelers (2019-23), Panthers and Ravens. --Field Level Media
UConn coach Dan Hurley told reporters Tuesday that star forward Alex Karaban is out for Wednesday's top-25 matchup against visiting Baylor. Karaban was transported to a hospital in Hawaii last Wednesday after sustaining a head injury during an 85-67 loss to Dayton on the final day of the Maui Invitational. Karaban hit the floor after being fouled on a contested layup with approximately 2 1/2 minutes left in the second half. He was later cleared to fly home with the rest of the team on Thursday. The junior sat out Saturday's 99-45 win over Maryland Eastern Shore, but now he will miss a more important game that pits the No. 25 Huskies (5-3) against the No. 15 Bears (5-2) in the Big 12-Big East Battle. Karaban has been UConn's leading scorer (15.9 ppg), adding 4.1 rebounds and 3.3 assists per game. A starter for each of the Huskies' last two national championship-winning seasons, Karaban owns career averages of 11.7 points, 4.7 rebounds and 1.7 assists per game. Jaylin Stewart drew into the starting lineup in Karaban's place against UMES. --Field Level Media
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The S&P 500 edged down by 0.1% following Wednesday's tumble of 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. The index had been up as much as 1.1% in the morning. The Dow Jones Industrial Average rose 15 points, or less than 0.1%, following Wednesday's drop of 1,123 points, while the Nasdaq composite slipped 0.1%. This week's struggles have taken some of the enthusiasm out of the market, which critics had been warning was overly buoyant and would need everything to go correctly for it to justify its high prices. But indexes remain near their records, and the S&P 500 is still on track for one of its best years of the millennium with a gain of 23%. Traders are now expecting the Federal Reserve to deliver just one or maybe two cuts to interest rates next year, according to data from CME Group. Some are even betting on none. A month ago, the majority saw at least two cuts in 2025 as a safe bet. Wall Street loves lower interest rates because they give the economy a boost and goose prices for investments, but they can also provide fuel for inflation. Micron Technology was one of the heaviest weights on the S&P 500 Thursday. It fell 16.2% despite reporting stronger profit for the latest quarter than expected. The computer memory company's revenue fell short of Wall Street's forecasts, and CEO Sanjay Mehrotra said it expects demand from consumers to remain weaker in the near term. It gave a forecast for revenue in the current quarter that fell well short of what analysts were thinking. Lamb Weston, which makes French fries and other potato products, dropped 20.1% after falling short of analysts' expectations for profit and revenue in the latest quarter. It also cut its financial targets for the fiscal year, saying demand for frozen potatoes is continuing to soften, particularly outside North America. The company replaced its chief executive. Such losses helped overshadow a 14.7% jump for Darden Restaurants, the company behind Olive Garden and other chains. It delivered profit for the latest quarter that edged past analysts' expectations. The operator of LongHorn Steakhouses also gave a forecast for revenue for this fiscal year that topped analysts'. Accenture rose 7.1% after the professional services company likewise topped expectations for profit in the latest quarter. CEO Julie Sweet said it saw growth around the world, and the company raised its forecast for revenue this fiscal year. Amazon shares added 1.3%, even as workers at seven of its facilities went on strike Thursday in the middle of the online retail giant's busiest time of the year. Amazon says it doesn't expect an impact on its operations during what the workers' union calls the largest strike against the company in U.S. history. In the bond market, yields were mixed a day after shooting higher on expectations that the Fed would deliver fewer cuts to rates in 2025. Reports on the U.S. economy came in mixed. One showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The economy has remained remarkably resilient even though the Fed held its main interest rate at a two-decade high for a while before beginning to cut them in September. A separate report showed fewer U.S. workers applied for unemployment benefits last week, an indication that the job market also remains solid. But a third report said manufacturing in the mid-Atlantic region is unexpectedly contracting again despite economists' expectations for growth. The yield on the 10-year Treasury rose to 4.57% from 4.52% late Wednesday and from less than 4.20% earlier this month. But the two-year yield, which more closely tracks expectations for action by the Fed in the near term, eased back to 4.31% from 4.35%. The rise in longer-term yields has put pressure on the housing market by keeping mortgage rates higher. Homebuilder Lennar fell 5.2% after reporting weaker profit and revenue for the latest quarter than analysts expected. CEO Stuart Miller said that "the housing market that appeared to be improving as the Fed cut short-term interest rates, proved to be far more challenging as mortgage rates rose" through the quarter. "Even while demand remained strong, and the chronic supply shortage continued to drive the market, our results were driven by affordability limitations from higher interest rates," he said. A report on Thursday may have offered some encouragement for the housing industry. It showed a pickup in sales of previously occupied homes. All told, the S&P 500 slipped 5.08 points to 5,867.08. The Dow Jones Industrial Average added 15.37 to 42,342.24, and the Nasdaq composite lost 19.92 to 19,372.77. In stock markets abroad, London's FTSE 100 fell 1.1% after the Bank of England paused its cuts to rates and kept its main interest rate unchanged on Thursday. The move comes as inflation there moved further above the central bank's 2% target rate, while the British economy is flatlining at best. The Bank of Japan also kept its benchmark interest rate unchanged, and Tokyo's Nikkei 225 fell 0.7%. Indexes likewise sank across much of the rest of Asia and Europe.
Referee David Coote will not appeal against termination of contractDocuSign, Inc. (NASDAQ:DOCU) Receives $63.40 Average PT from Analysts
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UConn F Alex Karaban (head) won't play vs. BaylorNone