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Stock market today: Wall Street drifts after jobs report comes in warm but hopefully not too hot

Published Tue, 05 Nov 2024 07:49:42 GMT

NEW YORK (AP) — Wall Street drifted to a mixed finish Friday after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher.The S&P 500 lost 12.64 points, or 0.3%, to 4,398.95, though slightly more stocks within the index rose than fell. The Dow Jones Industrial Average gave up 187.38, or 0.6%, to 33,734.88, and the Nasdaq composite edged down by 18.33, or 0.1%, to 13,660.72.A lot is riding on whether the economy can navigate the narrow pathway to avoid a long-predicted recession. It needs to keep growing despite much higher interest rates instituted by the Federal Reserve to bring down inflation. But it can’t grow so quickly that the Fed feels pressure to brake much harder on the economy to prevent inflation from spiraling higher.Friday’s report showed U.S. employers added 209,000 jobs last month, a slowdown from May’s hiring of 306,000. Perhaps more importantly, it wasn’t far off economists’ e...

Review of Guatemala’s vote appears to largely uphold results from June 25 presidential elections

Published Tue, 05 Nov 2024 07:49:42 GMT

GUATEMALA CITY (AP) — A court-ordered review of Guatemala’s June 25 presidential election that included a second look at dozens of precinct tally sheets appears to have upheld the original vote totals, an electoral official said Friday.If candidates Sandra Torres and upstart Bernardo Arévalo remain the two highest vote-getters in the re-examination, it will boost the likelihood that their one-two finish in the first round will stand and that the two candidates will head to a run-off election Aug. 20. Asked about the vote tally review during a news conference Friday, Magistrate Gabriel Aguilera of the Supreme Electoral Tribunal praised the precinct panels of regular citizens responsible for tallying votes and told them not to be discouraged by critics of their work.“In an exercise of civic responsibility, they watched over the vote of each Guatemalan and with the results of the second hearings … they confirm the June 25 results,” Aguilera said. “This has to be emphasized and su...

How major US stock indexes fared Friday 7/7/2023

Published Tue, 05 Nov 2024 07:49:42 GMT

Wall Street drifted to a mixed close after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher. The S&P 500 gave up a midday gain and ended 0.3% lower Friday. The Dow fell 187 points, or 0.6%, and the Nasdaq composite slipped 0.1%. Small-company stocks rose. A lot is riding on whether the economy can navigate the narrow pathway to avoid a long-predicted recession. Friday’s report showed that employers added fewer jobs in June than in May, not far off economists’ expectations. Treasury yields were mixed.On Friday:The S&P 500 fell 12.64 points, or 0.3%, to 4,398.95.The Dow Jones Industrial Average fell 187.38 points, or 0.6%, to 33,734.88.The Nasdaq composite fell 18.33 points, or 0.1%, to 13,660.72.The Russell 2000 index of smaller companies rose 22.43 points, or 1.2%, to 1,864.66.For the week:The S&P 500 is down 51.43 points, or 1.2%.The Dow is down 672.72 points, or 2%.The Nasdaq i...

First Solar, Castle Biosciences rise; Levi Strauss falls, Friday, 7/7/2023

Published Tue, 05 Nov 2024 07:49:42 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday.Castle Biosciences Inc., up $7.02 to $20.30.The diagnostic testing company gave investors an encouraging update on a cancer-risk test.Alibaba Group Holding Ltd., up $6.71 to $90.55.Chinese regulators fined an affiliate of internet retailer Ant Group for violating corporate governance and consumer rights laws.Levi Strauss & Co., down $1.10 to $13.13.The jeans maker gave investors a disappointing profit forecast.First Solar Inc., up $6 to $189.14.The solar technology company said it entered a five-year revolving loan program for up to $1 billion.Marathon Petroleum Corp., up $4.68 to $118.02.Energy companies gained ground along with rising crude oil prices.Newmont Corp., up 70 cents to $42.24.The gold miner’s stock made gains along with prices for the precious metal.SolarEdge Technologies Inc., up $3.86 to $258.94.The solar technology company named Dana Gross to its board of directors.Southe...

Md. House back to full membership after new delegates are sworn in

Published Tue, 05 Nov 2024 07:49:42 GMT

House Speaker Adrienne Jones (D-Baltimore County) administers the oath of office to Del. Malcolm P. Ruff (D-Baltimore City). (Courtesy Bryan P Sears)(Courtesy Bryan P. Sears) House Speaker Adrienne Jones (D-Baltimore County) administers the oath of office to Del. Malcolm P. Ruff (D-Baltimore City). (Courtesy Bryan P Sears)(Courtesy Bryan P. Sears) This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today.The Maryland House of Delegates is back to full membership following the swearing in of the chamber’s two newest members.Dels. Ryan Spiegel (D-Montgomery) and Malcolm P. Ruff (D-Baltimore City) were sworn in Thursday in s...

Denver weather: Another stormy Pinpoint Weather Alert Day then dry, warm days return

Published Tue, 05 Nov 2024 07:49:42 GMT

DENVER (KDVR) — There is a chance for scattered showers and thunderstorms moving west to east across the Front Range and in Denver weather this Friday evening.Friday is a Pinpoint Weather Alert Day for thunderstorms that will move across the Front Range. A few storms could produce lightning, heavy rain, wind and hail. Beethoven and Brews, Crosscurrents, plus 7 things to do in Denver this weekend There will be similar storms on Saturday afternoon before we finally get to enjoy a dry stretch in the forecast from Pinpoint Weather, Colorado’s Most Accurate Forecast.Rain outlook for the week ahead of July 7 from Pinpoint Weather.Weather tonight: Storms depart and cool overnightShowers and thunderstorms should head east by early evening Friday. There is a chance that a few lingering showers could last past 9 to 11 p.m. along the Front Range. But, overall the storm threat should end quickly in metro Denver. Forecast lows across Colorado by Saturday morning, July 8.Some storms ...

Chatfield State Park swim beach reopens after E. coli closure

Published Tue, 05 Nov 2024 07:49:42 GMT

Update July 7: Chatfield State Park's swim beach has reopened.DENVER (KDVR) -- A second state park's swimming areas in metro Denver have been closed due to higher levels of E. coli detected in the water, Colorado Parks and Wildlife said in a release Thursday. Chatfield State Park's swim beach has been temporarily closed after tests showed elevated levels of E. coli in the water, CPW said. The levels registered unsafe bacteria levels above the Colorado Department of Public Health and Environment requirements. High E. coli levels close Cherry Creek swim area Signage has been put up around the park informing visitors of the closure but boating access and hand-launched vessels are not restricted, CPW said. Cherry Creek State Park swim areas were also temporarily closed Thursday after routine tests showed elevated levels of E. coli in its waters. Neither state park's swimming areas will be reopened until tests indicate the levels are safe, CPW said.

Woman robbed, sexually assaulted on nature trail in Coconut Creek; police ID person of interest

Published Tue, 05 Nov 2024 07:49:42 GMT

Police are investigating after, they said, a man ambushed and robbed a woman who was walking alone at a South Florida nature center, and the horror did not end there. According to Coconut Creek Police, the incident happened along one of the trails at the Fern Forest Nature Center, located along the 200 block of South Lyons Road, just before 2 p.m., Thursday.“There was a sexual assault and a robbery,” said Coconut Creek Police spokesperson Scotty Leamon.An investigation is now underway that could lead police to the woman’s alleged attacker.Detectives said the 53-year-old victim told officers she was walking alone on one of the trails when a man robbed and sexually assaulted her.The woman eventually got away uninjured.“Physically uninjured. Now, mentally, emotionally, that’s a different story,” said Leamon.Those who visited the nature trail on Friday were in sheer disbelief to hear about the attack.“It’s crazy, you know,” said visitor Michael Tineo, “but yeah, defini...

Crack in North Carolina roller coaster may have formed 6-10 days before closure, commissioner says

Published Tue, 05 Nov 2024 07:49:42 GMT

RALEIGH, N.C. (AP) — An ongoing investigation by North Carolina’s Department of Labor found that a large crack in the support column of a towering roller coaster had been visible for at least a week before the amusement park shut it down for repairs.“It looks like maybe six to 10 days prior, some pictures had been taken that shows the beginning of the crack, and then by obviously last Friday, the thing was completely severed,” Labor Commissioner Josh Dobson said Friday in an interview with The Associated Press.Charlotte-based Carowinds amusement park came under investigation this week after a video surfaced online of an operational roller coaster with a large crack in one of its columns. The footage of Fury 325, known as a “giga coaster” due to its dramatic height of 325 feet (99 meters), showed a key support beam bending with the top visibly detached as cars packed with unsuspecting passengers barreled by at speeds of up to 95 mph (150 kph).Carowinds, which straddles th...

Families of Parkland shooting victims grieve loved ones during 3rd day of 1200 building visits

Published Tue, 05 Nov 2024 07:49:42 GMT

More relatives of victims of the Parkland massacre went inside the building that became a crime scene. The pain of the past is still visible five years after the tragedy.Speaking with 7News on Friday, Debbi Hixon shared what she felt when she walked the halls of Marjory Stoneman Douglas High School.“You just feel how terrified they had to have been in that building, and then to get to the spot where Chris was, and it hit me,” said Debbi Hixon. “That’s where our life together ended, and so, you know, it’s a lot to process, and you just wonder, how did we get here?”Debbi lost her husband, Chris Hixon, in the mass shooting.“Five and a half years later, I think I still wait for him to come home,” she said, “and it was really kind of a reality slap that that’s not going to happen.”Chris, an athletics director and coach at MSD, confronted the shooter and was one of 17 people killed.“Seeing the puddles of blood, where people had been shot or had died in those spaces...