Sixers rookie VJ Edgecombe ranks No. 1 among rookies and No. 30 overall in the NBA in scoring (22.3 ppg).
Dallas’ Cooper Flagg hasn’t done anything to dim his prospects of earning the Kia Rookie of the Year award by season’s end.
But a…
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Why was Lewis Hamilton hit with a penalty in Mexico, but Max Verstappen and Charles Leclerc weren’t?
There were so many action points for the stewards to look at in the Mexico City Grand Prix, with some drivers being penalised and others not, so let’s take a closer look at why some moves were deemed worthy of punishment, while others weren’t…
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Stock market today: Live updates
Traders work on the floor of the New York Stock Exchange.
Brendan Mcdermid | Reuters
U.S. stocks rose to record levels on Wednesday, boosted by tech names, ahead of the Federal Reserve’s interest rate decision.
The Nasdaq Composite climbed 0.6%, and the S&P 500 traded up 0.2%. The Dow Jones Industrial Average advanced 231 points, or 0.5%. All three leading U.S. indexes scored new all-time intraday highs in the trading day.
Nvidia shares were up nearly 4%, putting the chipmaker’s market capitalization above $5 trillion. It’s the first time a U.S. company reached such a valuation. The move put the stock on track for a five-day winning streak as well as its first back-to-back 4% gain since May. AMD followed Nvidia higher, rising more than 1%, while Micron jumped almost 4%.
Wall Street is coming off a second day of fresh records for the major averages. The S&P 500 rose 0.2% and topped 6,900 for the first time ever intraday, putting it on the cusp of a major milestone at 7,000.
Investors expect the stock market will continue to have its way so long as it’s able to make it through a rapid succession of tests this week. The Fed is widely expected to cut rates by a quarter point at the conclusion of its meeting Wednesday, but less certain is whether Chair Jerome Powell will strike a dovish tone in his post-meeting comments. Investors are counting on another interest rate cut from the central bank at its December meeting.
The five “Magnificent Seven” companies set to report this week are expected to continue spending on building data centers, but any disappointment from the megacap behemoths could hurt the broader market. Alphabet, Meta Platforms and Microsoft are set to report after the close on Wednesday. Apple and Amazon post results on Thursday.
Trade tensions between the U.S. and China already appear to have alleviated after progress over the weekend, but investors are now awaiting what comes of President Donald Trump’s meeting with Chinese President Xi Jinping in South Korea.
The warming relationship was a key driver in the market on Tuesday, according to Thierry Wizman, global FX & rates strategist at Macquarie Group.
“The market is seeing President Trump re-engaging with the rest of the world again (i.e., China and Japan), and this is a good thing, insofar as it may temper his desire for more tariffs,” Wizman said. “The prospect of seeing very high tariffs, especially on China, have diminished. To some extent, this also plays to the prospect that the Fed will be dovish too, given there is a connection between lower tariffs and lower inflation.”
To be sure, sky-high valuations and an ongoing government shutdown continue to remain risks for a market that is at all-time highs, even as analysts warn traders not to bet against this market.
“I anticipate that we’re going to continue to see enthusiasm as we go through this week,” Lauren Goodwin, chief market strategist at New York Life Investments, told CNBC’s “Closing Bell” on Tuesday. She added, “I think through the end of the year we’re free and clear.”
— CNBC’s Pia Singh contributed to this report.
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The Strad News – Violinist Hiu Sing Fan wins $50,000 fellowship from Meadowmount School of Music
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Meadowmount School of Music has awarded the fourth annual Gurrena Fellowship, worth $50,000, to Hong Kong violinist Hiu Sing Fan.
Fan was most recently a semi-finalist at the 2025 Premio Paganini International…
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Elle Fanning reveals surprising celebrity ‘hall pass’
Forget the typical Hollywood heartthrobs – Elle Fanning’s celebrity “hall pass” pick is pleasantly unexpected.
The “Predator: Badlands” actress, who has spoken about her crush on Jack Black before, explained to i-D in a cover story that after…
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Older Google Pixel phones can’t precisely locate UWB trackers
Google introduced support for the ultra-wideband (UWB) wireless protocol with the Pixel 6 Pro in 2021. But if you’ve been struggling to get your Pixel phone to precisely locate one of the few Android-compatible trackers that support UWB, it’s…
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The Most Expensive Items On Gwyneth Paltrow’s Goop Holiday Gift Guides
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A $3,500 piece of sensual pottery, $900 deck of playing cards, $360,000 jukebox and several luxury jewelry pieces worth upwards of $30,000 are among the most jaw-dropping gift suggestions on this year’s Goop holiday guides by actress…
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