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Stock market today: Wall Street swings to a mixed finish as yields veer in the bond market

Published Fri, 27 Dec 2024 07:03:45 GMT

NEW YORK (AP) — Wall Street swung to a mixed finish Monday, continuing a monthslong run where it’s slavishly followed the cue of the bond market.The S&P 500 slipped 7.12 points, or 0.2%, to 4,217.04, coming off its worst week in a month. The Dow Jones Industrial Average dropped 190.87, or 0.6%, to 32,836.41. The Nasdaq composite rose 34.52, or 0.3%, to 13,018.33.Rapidly rising yields in the bond market have been pressuring stock prices since the summer, and they seemed set to climb further. Early Monday, the yield on the 10-year Treasury briefly topped 5.02% to touch its highest level since 2007. That helped to torpedo stocks, and the S&P 500 quickly slumped 0.8%.But the 10-year yield eventually eased back to 4.84%, down from with 4.91% late Friday, as oil prices tumbled to take some pressure off inflation. That relaxed the vise on the stock market. Easier bond yields tend to most help stocks of companies promising big growth far in the future or those seen as the most...

W.R. Berkley: Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 07:03:45 GMT

GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — W.R. Berkley Corp. (WRB) on Monday reported third-quarter profit of $333.6 million.The Greenwich, Connecticut-based company said it had profit of $1.23 per share. Earnings, adjusted for investment costs, came to $1.35 per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.The insurance company posted revenue of $3.03 billion in the period. Its adjusted revenue was $3.07 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WRB at https://www.zacks.com/ap/WRBSource

WSFS: Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 07:03:45 GMT

WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — WSFS Financial Corp. (WSFS) on Monday reported third-quarter net income of $74.2 million.The Wilmington, Delaware-based company said it had net income of $1.22 per share. Earnings, adjusted for non-recurring costs, were $1.23 per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.The bank holding company posted revenue of $323.8 million in the period. Its adjusted revenue was $255.3 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WSFS at https://www.zacks.com/ap/WSFSSource

Crane: Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 07:03:45 GMT

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Crane Co. (CR) on Monday reported third-quarter profit of $55.2 million.The Stamford, Connecticut-based company said it had net income of 96 cents per share. Earnings, adjusted for one-time gains and costs, were $1.03 per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.The maker of aerospace, electronics and engineered industrial products posted revenue of $530.1 million in the period.Crane expects full-year earnings in the range of $4.05 to $4.20 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CR at https://www.zacks.com/ap/CRSource

Titans trade 2-time All-Pro safety Kevin Byard to Eagles, AP source says

Published Fri, 27 Dec 2024 07:03:45 GMT

NASHVILLE, Tenn. (AP) — The Tennessee Titans on Monday traded two-time All-Pro safety Kevin Byard to the Philadelphia Eagles for a pair of draft picks and safety Terrell Edmunds, a person familiar with the deal told The Associated Press.The Titans will receive the Eagles’ fifth and sixth-round draft picks in 2024, according to the person who spoke to the AP on condition of anonymity because the trade has not been announced.Byard has 27 interceptions since becoming a starter in 2017. This deal fills a big need for the Eagles (6-1) who lost safety C.J. Gardner-Johnson to Detroit in free agency and are dealing with injuries in their secondary.The 5-foot-11, 212-pound Byard was the first pick overall in the third round of 2016 and had been Tennessee’s longest-tenured defensive player. He has started 111 of his 120 games and has not missed a game because of injury. The Titans (2-4) have lost 11 of their past 13 games going back to last season. Their new general manager Ran Carthon ...

Enterprise Financial Services: Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 07:03:45 GMT

CLAYTON, Mo. (AP) — CLAYTON, Mo. (AP) — Enterprise Financial Services Corp. (EFSC) on Monday reported third-quarter earnings of $44.7 million.The bank, based in Clayton, Missouri, said it had earnings of $1.17 per share.The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.The financial holding company posted revenue of $213 million in the period. Its revenue net of interest expense was $153.7 million, which beat Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EFSC at https://www.zacks.com/ap/EFSCSource

RLI Corp.: Q3 Earnings Snapshot

Published Fri, 27 Dec 2024 07:03:45 GMT

PEORIA, Ill. (AP) — PEORIA, Ill. (AP) — RLI Corp. (RLI) on Monday reported third-quarter profit of $13.5 million.The Peoria, Illinois-based company said it had net income of 29 cents per share. Earnings, adjusted for non-recurring costs, came to 61 cents per share.The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.The specialty insurance company posted revenue of $331.7 million in the period. Its adjusted revenue was $350.4 million, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $377.7 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RLI at https://www.zacks.com/ap/RLISource

Dutch giant Ajax parts company with coach Steijn after woeful start to the season

Published Fri, 27 Dec 2024 07:03:45 GMT

AMSTERDAM (AP) — Ajax parted company with coach Maurice Steijn on Monday with the biggest team in the Netherlands languishing in next-to-last place in the Dutch league after just one win from its opening seven games.Steijn only joined from Sparta Rotterdam in the offseason, signing a three-year deal.The mutual decision for Steijn to leave was taken after a 4-3 loss at Utrecht that left Ajax, a four-time European champion, one point off last place.“We have worked intensely and professionally together over the last few months,” Ajax chief executive Jan van Halst said. “But the sporting successes and the development of the team were lacking. That is why we decided to sit down together again today.“This time, Maurice also expressed his concerns on whether he was the right man in the right place. Together we decided that it would be best to part ways.”Ajax’s last win in any competition came on Aug. 24.Hedwiges Maduro, a former Ajax player, will take temporary charge of the team sta...

Denver Broncos safety Kareem Jackson suspended 4 games

Published Fri, 27 Dec 2024 07:03:45 GMT

DENVER (KDVR) -- The Denver Broncos will be without one of their starting safeties after a hit to the head/neck area of a Green Bay Packers player.It was during the fourth quarter of Sunday afternoon's game at Empower Field when Kareem Jackson hit Luke Musgrave, who officials said was a defenseless receiver. P.J. Locke saves Denver from another second-half meltdown as Broncos beat Packers 19-17 Jackson was ejected from the game after the hit. On Monday, the NFL announced a four-game suspension."On the play in question, you delivered a forceful blow to the head/neck area of a defenseless receiver, when you had the time and space to avoid such contact," NFL Vice President of Football Operations Jon Runyan wrote in a letter to Jackson. Runyan's letter went even further to call out Jackson's hit."You could have made contact with your opponent within the rules, yet you chose not to," he said. FOX31 Newsletters: Sign up to get Broncos, Nuggets, Rockies and more sports news This was th...

Former NSA worker from Colorado pleads guilty to trying to sell US secrets to Russia

Published Fri, 27 Dec 2024 07:03:45 GMT

DENVER (AP) — A former National Security Agency employee from Colorado pleaded guilty Monday to trying to sell classified information to Russia. Federal prosecutors agreed to not ask for more than about 22 years in prison for Jareh Sebastian Dalke when he is sentenced in April, but the judge will ultimately decide the punishment. Savor the evening sunsets, daylight saving time is ending Dalke, a 31-year-old Army veteran from Colorado Springs, had faced a possible life sentence for giving the information to an undercover FBI agent who prosecutors say Dalke believed was a Russian agent.Dalke pleaded guilty during a hearing before U.S. District Judge Raymond Moore. He only spoke in answer to questions from Moore about whether he understood the terms of the deal. He acknowledged that he has been taking medications for mental illness while being held in custody for about a year. Dalke was arrested on Sept. 28, 2022, after authorities say he arrived at Denver’s downtown train station wi...