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Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The S&P 500 ended essentially flat, down less than 0.1%, after wavering between tiny gains and losses most of the day. The benchmark index posted a loss for the week, its first after three straight weekly gains. The Dow Jones Industrial Average slipped 0.2%, while the Nasdaq composite rose 0.1%, ending just below the record high it set on Wednesday. There were more than twice as many decliners than gainers on the New York Stock Exchange. Gains in technology stocks helped temper losses in communication services, financials and other sectors of the market. Broadcom surged 24.4% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Some tech stocks were a drag on the market. Nvidia fell 2.2%, Meta Platforms dropped 1.7% and Google parent Alphabet slid 1.1%. Among the market's other decliners were Airbnb, which fell 4.7% for the biggest loss in the S&P 500, and Charles Schwab, which closed 4% lower. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 17% after raising its forecast for revenue growth for the year. All told, the S&P 500 lost 0.16 points to close at 6,051.09. The Dow dropped 86.06 points to 43,828.06. The Nasdaq rose 23.88 points to 19,926.72. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower.More night disruptions are scheduled for the M1 extension to Raymond Terrace project as work steams ahead on the major road project. Login or signup to continue reading The New England Highway eastbound off ramp to Anderson Drive and the John Renshaw Drive slip lane will be closed 7pm to 5am on December 2, 3 and 5. Work to install new traffic lights on Tomago Road and the Pacific Highway will also take place at the same times. Detours will be in place and over-size and special purpose vehicles will be escorted through the John Renshaw Drive closure. Intermittent stoppages and temporary speed reductions to 40km/h will also occur at the M1 at Beresfield and Black Hill, John Renshaw Drive at Beresfield, New England Highway at Tarro, Pacific Highway at Tomago and Heatherbrae and Old Punt Road near Pacific Highway at Tomago from 7pm to 5am December 2 to 6. Day work will also mean reduced speed limits are in place from 7am to 5pm on the same dates on Lenaghans Drive at Black Hill, Old Punt Road near Pacific Highway at Tomago and New England Highway Eastbound at Tarro. Night road closures have occurred for the past several weeks as part of the multi-billion dollar project. Major construction work will continue across the remainder of the project from 7am to 6pm Monday to Friday and Saturday from 8am to 5pm, as well as out of hours from 7pm to 5am Monday to Friday nights. The M1 Pacific Motorway extension to Raymond Terrace is expected to open in 2028. DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. 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DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily!Trump has promised again to release the last JFK files. But experts say don’t expect big revelationsCharles & Colvard, Ltd. Receives Non-Compliance Letter from Nasdaq
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LOS ANGELES (AP) — Adrian Kempe and Quinton Byfield scored in the second period, and the Los Angeles Kings beat the Seattle Kraken 2-1 on Saturday. David Rittich made 19 saves for the Kings, who improved to 6-2-1 at home. Kempe and Byfield scored 1:44 apart in the second period. Byfield buried a sharp-angle slap shot on a power play while dropping to a knee. It was his 98th career point in 200 games. Brandon Montour got the Kraken on the board with 1:26 left in the game. He converted a long shot with Joey Daccord off for another skater, but Los Angeles held on. Daccord finished with 19 stops for Seattle. Takeaways Kraken: Jordan Eberle will miss at least three months after undergoing surgery on his pelvis. He had six goals and five assists in 17 games before he got hurt against Chicago on Nov. 14. Kings: The power play had been in a 1-for-16 rut (6.25%) over the previous six games before Byfield found the net. It was the Kings’ lone opportunity with the man-advantage. Key moment After following its 1-0 loss to Buffalo on Wednesday with a fourth straight period of extreme low-event hockey, Los Angeles created a lot more activity and offense to start the second and generate its two goals. Key stat The Kings know how to close out games, improving to 9-0-1 when leading after two periods. Up next The Kraken visit Anaheim on Monday, and the Kings play at San Jose on Monday. ___ AP NHL:MALAGA, Spain (AP) — The last man in professional tennis, 80th-ranked , converted his 10th match point Friday to finally close out a 6-4, 6-7 (12), 6-3 victory over Daniel Altmaier and help the Netherlands reach its first final by sweeping Germany. Tallon Griekspoor, who is ranked 40th, sealed the 2-0 win for the Dutch in the best-of-three-match semifinal by hitting 25 aces and coming back to defeat Jan-Lennard Struff 6-7 (4), 7-5, 6-4. When it ended, appropriately, on an ace, Griekspoor shut his eyes, dropped to his knees and spread his arms wide. “We have been talking about this for two, three years,” Griekspoor said. “We believed in ourselves so much. We always felt like this was possible. To do it now feels unbelievable.” The other semifinal is Saturday, with No. 1-ranked and taking on . The championship will be decided Sunday. “We don’t have that top 5 player. We don’t that top 10 player. We don’t have that top 15 player,” Dutch captain Paul Harhuuis said. “But it’s a team effort. ... So proud of these guys.” In Friday's opener, van de Zandschulp was up a set and just a point away from leading 5-2 in the second when Altmaier began playing more aggressively and interacting more with the German fans, yelling and throwing uppercuts or raising his arms after key points. In the tiebreaker, Altmaier managed to save five match points before converting his own fourth set point to extend the contest. But van de Zandschulp — who upset four-time Grand Slam champion Carlos Alcaraz at the U.S. Open — quickly moved out front in the final set, even if he eventually needed five more match points in the last game before serving it out. “At some point, I didn’t know what to do any more on the match points,” van de Zandschulp said. “I had the toughest match of my life on Tuesday (against Nadal), so everything that comes next is maybe a little bit easier.” In the quarterfinals, van de Zandschulp outplayed Nadal for a 6-4, 6-4 result that marked the end of the career because the Netherlands went on to eliminate Spain 2-1. announced last month that the Davis Cup would be his final event before retiring. Presumably because people purchased tickets ahead of time with plans to watch Nadal compete in the semifinals, there were hundreds of unoccupied blue or gray seats surrounding the indoor hard court at the Palacio de Deportes Jose Maria Martina Carpena in southern Spain on Friday. Now truly a neutral site, the place was not nearly as loud and rowdy as on Tuesday, although there were shouts of “Vamos, Rafa!” that drew laughter while van de Zandschulp played the 88th-ranked Altmaier. It took Griekspoor more than 75 minutes and nearly two full sets to figure out how to break No. 43 Struff and then did it twice in a row — to lead 6-5 in the second set, and then go up 1-0 in the third. That was plenty, because Griekspoor saved the only two break points he faced. The Netherlands hadn’t been to the semifinals since 2001. The Germans — whose best current player, two-time major finalist Alexander Zverev, is not on the team in Malaga — have won three Davis Cups, but not since 1993, when 1991 Wimbledon champion Michael Stich led them to the title. AP tennis:
The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . VALPARAISO, Ind. (AP) — All Wright had 26 points in Valparaiso’s 93-77 victory against Central Michigan on Saturday night. Wright shot 7 for 16 (4 for 8 from 3-point range) and 8 of 8 from the free-throw line for the Beacons (5-4). Tyler Schmidt scored 21 points and added six rebounds. Jefferson Monegro had 16 points and shot 3 for 5 (2 for 3 from 3-point range) and 8 of 8 from the free-throw line. The Chippewas (5-4) were led in scoring by Anthony Pritchard, who finished with 20 points and six rebounds. Ugnius Jarusevicius added 18 points and six rebounds for Central Michigan. Jakobi Heady had 13 points, six rebounds and three steals. Valparaiso led Central Michigan 36-31 at the half, with Wright (13 points) its high scorer before the break. Valparaiso took the lead for what would be the final time on Schmidt’s 3-pointer with 10:13 remaining in the second half. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .