The S&P 500 rose 1.4% last week, ending Friday above the 5,000-point threshold for the first time. The Dow eked out a weekly gain of less than 0.1%, while the Nasdaq jumped 2.3%.
Heavy snow and travel woes loom for Northeast as South is drenched by severe storms
A sprawling storm system is making its way across the Eastern US, gearing...
A sprawling storm system is making its way across the Eastern US, gearing up to hamper travel in the Northeast with a blanket of snow just as it finishes sweeping the Southeast with rounds of severe thunderstorms and flood threats.
The same system that soaked the Gulf Coast and Southeast over the weekend will develop into a Nor’Easter – an East Coast storm driven by winds from the northeast – as it moves northward Monday and encounters colder air. It will then begin unleashing snow across the Northeast late Monday and through Tuesday.
Widespread heavy snowfall is forecast to set in Monday night from Pennsylvania through southern New York, where winter storm warnings and watches are in place. That includes Albany, New York, and Scranton, Pennsylvania.
More than 2 inches of snow per hour could fall across the impacted region Monday night – coupled with wind gusts as strong as 40 mph, the weather service said.
On Tuesday, the threat shifts to southern New England, where cities including Boston and Hartford, Connecticut, could see up to a foot of snow.
The commercials: Dunkin’ brand ambassador Ben Affleck...
The commercials: Dunkin’ brand ambassador Ben Affleck delivered catnip to Massholes by recruiting Tom Brady and Matt Damon for a boy band named “the DunKings.” Celebrities were everywhere, from a deadpanning Aubrey Plaza pitching Mountain Dew to Christopher Walken calling BMW “the real deal.” Chinese e-commerce giant Temu aired multiple ads encouraging consumers to “shop like a billionaire,” while Uber Eats revamped its star-studded commercial after it was criticized for joking about peanut allergies. And we’re very excited for the Wicked movie.
We expect today will find more of you in your PJs than usual, since 16.1...
We expect today will find more of you in your PJs than usual, since 16.1 million employees are expected to take off work the day after the Super Bowl, according to the UKG Workforce Institute. In all, 14% of US employees plan to miss at least some work on “Super Sick Monday,” including the NFL script writers, who just wrapped up one of their most memorable seasons ever and deserve some PTO.
President Biden warned Israeli Prime Minister Benjamin Netanyahu against a planned ground offensive in Rafah without a plan to protect civilians. Egypt said it would suspend its 45-year peace treaty with Israel should Israeli troops push into the southern Gazan city, where more than 1 million Palestinians are sheltering.
Defense Secretary Lloyd Austin was taken to the hospital yesterday for a bladder issue and has transferred powers to his deputy, the Pentagon said. Austin was criticized for not informing the White House of a hospitalization last month.
Jailed former Pakistani Prime Minister Imran Khan gave an AI-generated “victory speech” after his party’s shocking success in elections they’ve accused of being rigged. The outcome has created a chaotic power vacuum in Pakistan.
Kelvin Kiptum, the 24-year-old who holds the world record for the men’s marathon, died in a car crash in his home country of Kenya, along with his coach.
A crowd destroyed and set ablaze a driverless Waymo taxi in San Francisco on Saturday night.
Ivory Coast defeated Nigeria to win the Africa Cup of Nations on home soil.
🔔 Before the opening bell: US stock futures trade mixed early Monday, after the S&P 500 closed above 5,000 for the first time on Friday.
When the bell rings to open the stock market this morning, it’ll mark the first time the S&P 500, an index that tracks the largest companies in the US, begins the trading day above 5,000 points.
The latest surge has been dizzying, with the S&P rallying 20% from early November. The index has doubled since September 2017, when it was at 2,500.
Wall Street eyes earnings, inflation report: It’s another big earnings week with Shopify, Coca-Cola, Airbnb, Coinbase, and Crocs among the companies scheduled to report. Investors will also be locked into tomorrow’s consumer price index report, which is expected to show more good news about inflation and raise hopes of a Fed rate cut.
