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Stock market today: Wall Street drifts lower after weak signals on the economy NEW YORK (AP) — U.S. stock indexes drifted lower following some potentially discouraging data on the economy. The S&P 500 fell 0.5% Thursday, its third loss in the last four days. The Dow Jones Industrial Average fell 0. Stan Choe, The Associated Press Dec 12, 2024 1:09 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message People pass the New York Stock Exchange in New York's Financial District on Wednesday Dec.11, 2024. (AP Photo/Peter Morgan) NEW YORK (AP) — U.S. stock indexes drifted lower following some potentially discouraging data on the economy. The S&P 500 fell 0.5% Thursday, its third loss in the last four days. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite dropped 0.7% from its record set the day before. A report earlier in the morning said more U.S. workers applied for unemployment benefits last week than forecast. A separate update showed that inflation at the wholesale level was hotter last month than economists expected. Adobe sank after issuing weaker-than-expected financial forecasts. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are drifting lower Thursday following some potentially discouraging data on the economy . The S&P 500 slipped 0.3%, potentially on track for its third loss in the last four days. That would count as a stumble amid a big rally that’s carried the index toward the close of one of its best years of the millennium . The Dow Jones Industrial Average fell 154 points, or 0.4%, as of 1:45 p.m. Eastern time, and the Nasdaq composite fell 0.3% from its record set the day before. A report earlier in the morning said more U.S. workers applied for unemployment benefits last week than expected. A separate update, meanwhile, showed that inflation at the wholesale level, before it reaches U.S. consumers, was hotter last month than economists expected. Neither report points to imminent disaster, but they tug at one of the hopes that’s driven the S&P 500 to 57 all-time highs so far this year : Inflation is slowing enough to convince the Federal Reserve to keep cutting interest rates, while the economy is remaining solid enough to stay out of a recession. Of the two reports, the weaker update on the job market may be the bigger deal for the market, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. A surge in egg prices may have been behind the worse-than-expected inflation numbers. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. Traders see it as a near-certainty that the Fed will cut its main interest rate at its meeting next week. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. A cut next week would have the Fed following other central banks, which eased rates on Thursday. The European Central Bank cut rates by a quarter of a percentage point, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point. Following its decision, Switzerland’s central bank pointed to uncertainty about how U.S. President-elect Donald Trump’s victory will affect economic policies, as well as about where politics in Europe is heading. Trump has talked up tariffs and other policies that could upend global trade. He rang the bell marking the start of trading at the New York Stock Exchange on Thursday to chants of “USA.” On Wall Street, Adobe fell 13.5% despite reporting stronger profit for the latest quarter than analysts expected. The company gave forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’. Warner Bros. Discovery soared 15.6% after unveiling a new corporate structure that separates its streaming business and film studios from its traditional television business. CEO David Zaslav said the move "enhances our flexibility with potential future strategic opportunities,” raising speculation about a spinoff or sale. Kroger rose 2.5% after saying it would get back to buying back its own stock now that its attempt to merge with Albertsons is off . Kroger’s board approved a program to repurchase up to $7.5 billion of its stock, replacing an existing $1 billion authorization. In stock markets abroad, European indexes held relatively steady following the European Central Bank’s cut to rates. Asian markets were stronger. Indexes rose 1.2% in Hong Kong and 0.8% in Shanghai as leaders met in Beijing to set economic plans and targets for the coming year. South Korea’s Kospi rose 1.6% for its third straight gain of at least 1%, as it pulls back following last week’s political turmoil where its president briefly declared martial law. In the bond market, the 10-year U.S. Treasury yield rose to 4.31% from 4.27% late Wednesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, rose to 4.18% from 4.16%. ___ AP Business Writers Matt Ott and Elaine Kurtenbach contributed. Stan Choe, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More National Business Creditors approve proposed $32.5B deal with tobacco giants today: lawyer Dec 12, 2024 3:26 PM Vancouver Island First Nation whose ancestors met explorer Capt. Cook sue province Dec 12, 2024 3:16 PM Manitoba premier eyes list of possible retaliatory measures for U.S. tariffs Dec 12, 2024 3:10 PM Featured FlyerGEORGE TOWN, Cayman Islands (AP) — Javan Buchanan's 28 points off of the bench led Boise State to an 83-82 victory against South Dakota State on Monday. Buchanan went 11 of 17 from the field (4 for 8 from 3-point range) for the Broncos (5-1). Alvaro Cardenas Torre added 16 points while going 6 of 13 (3 for 6 from 3-point range) while they also had seven assists. Julian Bowie went 4 of 4 from the field (3 for 3 from 3-point range) to finish with 13 points. Oscar Cluff finished with 19 points and 14 rebounds for the Jackrabbits (5-2). Joe Sayler added 19 points for South Dakota State. Kalen Garry had 13 points and five assists. ___ The Associated Press created this story using technology provided by and data from . The Associated Press

What will happen when Mercury is in retrograde during this season?Morning Bid: China deepens stimulus drive, global signals mixedDENVER (AP) — Travis Hunter made a pair of proclamations Thursday: He’s for sure entering the NFL draft after this season, but not until he sees Colorado all the way through the College Football Playoff — if the Buffaloes make it there. The first was already a given for the draft-eligible junior who plays both receiver and cornerback. The second is a risk-reward play for a projected high first-round pick who averages around 120 snaps a game. In years past, it took two extra postseason wins to capture a national title. Now, it could take up to four additional contests. That’s more of a chance to shine, but also more chance for an injury. “I don’t think nobody will opt out because you’re showing NFL teams that you’re more focused on something else, other than the team goal,” Hunter said of the expanded 12-team College Football Playoff. “So I don’t think players are going to opt out of the playoffs.” Hunter and quarterback Shedeur Sanders chatted Thursday in a set of Zoom calls about turning around the program at Colorado (from 4-8 last season to bowl eligibility), chasing a Big 12 title, turning pro — Hunter acknowledged he will “for sure” — and, of course, the Heisman race, where Hunter is currently the odds-on favorite in an award each wants to see the other win. “He’s deserving of it, and if it’s between me and him, I want him to get it,” said Sanders, whose 16th-ranked Buffaloes (8-2, 6-1 Big 12, No. 16 CFP ) travel to Arrowhead Stadium to face Kansas (4-6, 3-4) this weekend. “He does a lot of amazing things that have never been done before.” Countered Hunter: “I know he wants me to win it, but I also want him to win as bad as I want to win it.” Hunter is a generational talent shining on both sides of the ball. As a receiver, he has 74 catches for 911 yards and nine touchdowns. On defense, he has picked off three passes, even though teams are reluctant to throw his direction. Like he did in high school and now in college, he believes he can do both on the next level. But he understands the trepidation of the NFL team that picks him. “They don’t want their top pick to go down too early," Hunter said. “I like when people tell me I can’t do it, because they just motivate me to continue to do what I want to do.” Sanders is turning in a stellar season as well with 27 touchdown passes, one away from tying Sefo Liufau for the most in a single season in program history. He's projected to be one of the first QBs off the draft board. The future certainly looks bright at Colorado thanks to the legacies Sanders and Hunter under coach Deion Sanders. But that's a point to ponder later. “I can’t think too much forward past Saturday,” Shedeur Sanders cracked. “The main thing is winning the Big 12 championship. That’s the main thing we’re focused on." 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

Vanuatu's teen swimmers make a splash with personal bests at World ChampionshipsN o matter where you live in the world, it is becoming difficult to ignore climate change. The signs are everywhere, whether you are directly affected by the impact of these events or indirectly by rising food costs, reduced food security and the overall economy. News of extreme weather events across the globe has become a regular occurrence. This escalating climate crisis — characterised by rising temperatures, changing weather patterns, and declining biodiversity — demands urgent action. While there are many aspects and elements to the causes of climate change, the 2023 Global Status Report for Buildings and Construction released at the latest round of climate talks in Dubai, COP28, found that the buildings and construction sector accounted for over 35% of worldwide energy demand. By adopting sustainable practices, architects can reduce emissions, enhance biodiversity, and improve living standards. Sustainable architecture, focusing on reducing environmental impact, promoting energy efficiency, and improving quality of life, offers a way forward. Students of Sustainable Architecture need to go beyond the common aspects to low carbon design and think about regenerative architecture and develop the skills to create buildings that not only minimise their environmental impact but also have a positive net impact on the planet. Regenerative architects seek to design structures that restore ecosystems, enhance biodiversity, and contribute to the overall health of their surroundings to create buildings that interact harmoniously with their environments. Sustainable Architecture Studies equips students with the essential skills to drive change and create a more sustainable future by combining technical expertise in building physics, materials, and modelling tools with a deep understanding of user needs and behaviour. This holistic approach enables students to develop innovative strategies and test ideas through data-driven analysis. Graduates of sustainable architecture programmes possess a diverse range of skills, including: Technical expertise: proficiency in building design, energy efficiency, and sustainable materials. Problem-solving: ability to address complex challenges related to climate change and urban development. Social responsibility: commitment to creating equitable and inclusive built environments. Innovation: capacity to develop innovative solutions for sustainable architecture. One of the most significant challenges facing the construction industry is the need to retrofit existing buildings to meet sustainability standards. Sustainable architecture professionals can play a crucial role in developing effective strategies to retrofit buildings while minimising risks and maximise energy efficiency. A key challenge is the demands of rapid urbanisation. The neighbourhoods built today will be with us for generations to come and they should not only meet the needs of today and address carbon emissions but also be comfortable and habitable in a changing climate. There are numerous challenges to this including balancing affordability with sustainability, ensuring adequate infrastructure, and addressing resource concerns. But opportunities abound in the form of innovative technologies and sustainable practices. By designing neighbourhoods that prioritise walkability, green spaces, and community engagement, architects can create sustainable environments that meet the needs of a growing population and contribute to a more resilient future. The growing demand for sustainable professionals has opened up exciting new career avenues such as providing expert advice on green building practices through a sustainable design consultancy; working with government agencies to develop and implement sustainable building policies and regulations and work in research and academia to advance sustainable architecture knowledge or community development and work on projects that improve the quality of life for urban populations. As the world transitions toward a more sustainable future, Sustainable Architecture Studies play a vital role in shaping a greener and more equitable world by equipping students with the knowledge and skills to address climate change and create resilient, energy-efficient buildings. The writer is University Teacher at the School of Architecture and Landscape, University of Sheffield, the U.K. Published - December 28, 2024 09:30 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit The Hindu Education Plus / careers / education / higher education / architecture / architectural design / Sustainability / Green buildings