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President-elect Trump wants to again rename North America’s tallest peakStock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. Damian J. Troise And Alex Veiga, The Associated Press Dec 23, 2024 1:04 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - Signs mark the intersection of Wall and South Streets in New York's Financial District on Nov. 26, 2024. (AP Photo/Peter Morgan, File) Listen to this article 00:03:50 Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda’s U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Major stock indexes rose on Wall Street in afternoon trading Monday, after a choppy start to a holiday-shortened week. The S&P 500 rose 0.6%. The Dow Jones Industrial Average recovered from an early slide to gain 29 points, or 0.1% as of 3:40 p.m. Eastern time. The tech-heavy Nasdaq composite rose 0.8%. Gains in technology and communications stocks helped outweigh losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.3%. Broadcom climbed 5.5% to also help support the broader market. Walmart fell 2% and PepsiCo slid 1.2%. Japanese automakers Honda Motor and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 13.4%, while Nissan slipped 0.2%. Eli Lilly rose 3.5% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.6% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets were mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas. Damian J. Troise And Alex Veiga, 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 S&P/TSX composite closes up nearly 150 points on Monday, U.S. stock markets up Dec 23, 2024 1:28 PM What to know before agreeing to be someone's power of attorney Dec 23, 2024 12:49 PM Competition Bureau suing Rogers over unlimited data claim Dec 23, 2024 12:48 PM Featured FlyerA demonstrator holds a national flag during a candlelight vigil protest for the political prisoners in Managua , Nicaragua, on October 3, 2019.REUTERS/Oswaldo Rivas/File Photo At least 229 people detained in Nicaragua for political reasons have suffered various forms of torture and other "crimes against humanity" at the hands of the government over the past seven years, a human rights NGO said on Tuesday. The Nicaragua Never Again Human Rights Collective said in a report that it had documented the torture of 183 men and 46 women out of some 2,000 people arrested in connection to 2018 anti-government protests. Nicaraguan Vice President and government spokesperson Rosario Murillo did not immediately respond to a request for comment. Ortega's government in the past has ignored reports from NGOs, as well as from the UN and the Organization of American States, saying they are part of an international campaign against it. The NGO, which is based in neighboring Costa Rica, said at least 178 of those who testified reported suffering abuse such as beatings, beatings with weapons, rape, death threats and threats or aggression against family members. It said it identified over 40 forms of torture through the testimonies, including 159 cases of beatings, 22 of asphyxiation or strangulation, 17 cases of electric shocks, 21 burns with plastic or iron and 18 fingernail or tooth removals. At least 117 people were deprived of medical attention and 85 kept in isolation for over two weeks, it said. The majority of detentions were violent and arbitrary and detainees were not presented with an arrest warrant, the NGO said, while in 40% of cases they reported "participation of paramilitary agents who have acted as a third armed force." The report accused President Daniel Ortega's Sandinista government of committing crimes against humanity. The U.N. Human Rights Office had on Monday issued a warning in which it said the situation was continuing to deteriorate in Nicaragua, where citizens were subject to a "severe and repressive climate." Nicaragua's government has recently passed a set of reforms that critics say formalize President Ortega's already broad-ranging power over the state. These include an expansion to presidential powers and those of the police and military. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you. 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Hologic's HOLX short percent of float has fallen 5.41% since its last report. The company recently reported that it has 4.59 million shares sold short , which is 2.97% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.31 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish. See Also: List of the most shorted stocks Hologic Short Interest Graph (3 Months) As you can see from the chart above the percentage of shares that are sold short for Hologic has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted. Comparing Hologic's Short Interest Against Its Peers Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis. According to Benzinga Pro , Hologic's peer group average for short interest as a percentage of float is 3.96%, which means the company has less short interest than most of its peers. Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it. This article was generated by Benzinga's automated content engine and was reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Texas has nation’s top recruiting class after landing elite defensive lineman from Georgia

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President Joe Biden on Monday vetoed a once-bipartisan effort to add 66 federal district judgeships, saying “hurried action” by the House left important questions unanswered about the life-tenured positions. The legislation would have spread the establishment of the new trial court judgeships over more than a decade to give three presidential administrations and six Congresses the chance to appoint the new judges. The bipartisan effort was carefully designed so that lawmakers would not knowingly give an advantage to either political party in shaping the federal judiciary. > 24/7 San Diego news stream: Watch NBC 7 free wherever you are The Democratic-controlled Senate passed the measure unanimously in August. But the Republican-led House brought it to the floor only after Republican Donald Trump was reelected to a second term in November, adding the veneer of political gamesmanship to the process. The White House had said at the time that Biden would veto the bill. “The House of Representative's hurried action fails to resolve key questions in the legislation, especially regarding how the new judgeships are allocated, and neither the House of Representatives nor the Senate explored fully how the work of senior status judges and magistrate judges affects the need for new judgeships,” the president said in a statement. “The efficient and effective administration of justice requires that these questions about need and allocation be further studied and answered before we create permanent judgeships for life-tenured judges,” Biden said. He said the bill would also have created new judgeships in states where senators have not filled existing judicial vacancies and that those efforts "suggest that concerns about judicial economy and caseload are not the true motivating force behind passage of this bill now. U.S. & World Biden signs defense bill despite objections to ban on transgender health care for military children Famed Colombian drug lord Fabio Ochoa released from US prison and deported “Therefore, I am vetoing this bill,” Biden said, essentially dooming the legislation for the current Congress. Overturning Biden's veto would require a two-thirds majority in both the House and Senate, and the House vote fell well short of that margin. Organizations representing judges and attorneys had urged Congress to vote for the bill. They argued that the lack of new federal judgeships had contributed to profound delays in the resolution of cases and serious concerns about access to justice. Sen. Todd Young, R-Ind., reacted swiftly, calling the veto a “misguided decision” and “another example of why Americans are counting down the days until President Biden leaves the White House.” He alluded to a full pardon that Biden recently granted his son Hunter on federal gun and tax charges. “The President is more enthusiastic about using his office to provide relief to his family members who received due process than he is about giving relief to the millions of regular Americans who are waiting years for their due process," Young said. "Biden’s legacy will be ‘pardons for me, no justice for thee.’” —-- Associated Press writer Kevin Freking contributed to this report.DraftKings promo code + NFL odds and expert picks for Saints vs. Packers on MNF: Bet $5, Get $150 in bonus bets | Sporting News